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Risknowlogy / Knowledge / News / By company / Honeywell / Honeywell annou...

News

Tuesday 10 June 2003

Honeywell announces release of BUSINESS.FLEX v.120

Latest Version Helps Companies Increase Production Efficiency, Decrease Cost

Honeywell Industry Solutions today introduced the latest release of Business.FLEX® PKS(tm), a suite of software solutions that enable significant and sustainable production performance improvements for process industries. Improvements to Business.FLEX PKS applications in v.120 enable process industries personnel to make better business decisions and improve execution. The product efficiently unifies business goals and production automation, and in turn improves decision-making processes, helping users achieve faster execution and increased manufacturing flexibility.


With Business.FLEX PKS tools, companies typically increase production by 3 to 6 percent, while decreasing costs 1 to 2 percent. Users find significant improvements in operations and value chain management, advanced planning and scheduling, and blending and movement automation. To date, more than 1,000 Business.FLEX PKS solutions have been installed at oil and gas, refining, petrochemical, mining and minerals, pulp and paper and chemical facilities across the globe.

Improvements to v.120 include new Web-based components that leverage Honeywell's Workcenter PKS infrastructure to provide cost-effective, enterprise-wide visibility to operations and production information and enable collaboration across an organization. New applications include:

· KPI Manager, a solution to help management and plant personnel track and analyze daily business performance results with key performance indicators;
· Production Scheduler, a collaborative crude oil scheduling tool that makes use of state-of-the-art mathematics; and
· Operations Management applications, for safe and profitable operations effectiveness.

Tom Fiske, Senior Analyst at ARC Advisory Group said, "In today's competitive landscape, successful companies must be able to adjust on the fly and execute tactical plans exceptionally well. Accomplishing this requires, in part, the ability to monitor events in real time. Business.FLEX PKS, with its KPI Manager, not only helps organizations develop and execute plans but also tracks and analyzes performance by providing access to consistent, time-critical operational information as measured against targets."

Business.FLEX PKS has proven its value widely in the process industry field. "Honeywell solutions and support have made a positive impact on our bottom-line," said Guil Ponce, IT Manager, Suncor Energy. "With Business.FLEX PKS solutions, we have been able to achieve major improvements in production at our refinery, and expect to see significant additional benefits from v.120."

According to Honeywell, product offerings are driven by customer needs. "Our customers' experiences prove that Business.FLEX PKS solutions greatly improve production efficiency and increase profitability," said Paul Butler, Honeywell Industry Solutions Vice President of Technology. "This new release offers additional applications and major enhancements to existing
applications for best-in-class production performance. Current and future customers should look to Business.FLEX PKS v.120 for production
optimization."

Business.FLEX PKS v.120 supports Honeywell platforms such as TPS and Experion PKS, Honeywell's next-generation business, process and asset management system, as well as third-party platforms. The product drives business targets to optimum levels, allowing operators to more effectively use Experion PKS to execute plans and schedules in line with business objectives.

Business.FLEX PKS v.120 is being issued in conjunction with the latest release of Uniformance PHD v.201, Honeywell's advanced process historian system for critical plant information. The two systems work together to ensure seamless process integration.