We've all been asked to do more with less...and let's face it, it's not easy. But, meeting the challenge of improving results with limited resources forces us to be creative, to think outside of the box, to innovate, to be more efficient in the way we plan and work. Achieving success requires that we strive for excellence at every opportunity and lead the way with new ideas and best-in-class methodologies.
The 2010 Innovation & Excellence in Asset Management Awards (IEAM) recognizes leaders in asset intensive industries that have solved difficult challenges and deployed innovative business solutions and management practices that demonstrate "leading the way."
2010 IEAM Award categories and winners
Lead the Way award: Arch Coal
The nation's second-largest coal producer, Arch Coal is standardizing its nationwide mining operations on the newly launched Ventyx Ellipse 8, the industry's most modern and complete Enterprise Asset Management solution designed expressly for industries with asset-intensive operating environments. Through its adoption of Ventyx's next-generation suite of mobile-enabled enterprise applications, Arch Coal can further boost its return on assets and workforce performance. And with Ventyx's open standards approach, Arch Coal is also now integrating the best-in-breed EAM functionality of Ventyx Ellipse 8 with its choice of back-office ERP systems.
Best Deployment of the Year: Ecopetrol
One of the world's 40 largest oil companies, Ecopetrol represents a best-practices model for natural resources companies worldwide who seek to continuously improve operations by optimizing the performance of their assets and workforce. The management of materials and maintenance across Ecopetrol's vast organization – with more than 6,000 employees, 32 districts, 8,500 kilometers of pipeline, 320,0000 assets, 125 warehouses, 16,000 monthly maintenance orders and 290,000 catalogued inventory items – is centralized and optimized through Ventyx Ellipse. With Ventyx Ellipse, Ecopetrol has successfully streamlined its inventory, increased equipment availability and reduced operational costs – achieving a positive return on investment in five years and millions in savings.
Vision Award: Cliffs Natural Resources
Global mining leader Cliffs Natural Resources standardized its worldwide mining operations on Ventyx's integrated solutions to support critical functions such as asset and work management, and inventory optimization. Cliffs also has a comprehensive vision for enterprise asset management, which incorporates empowering field workers to optimize productivity and asset performance. Therefore, the company recently initiated an innovative field-enablement project using Ventyx Mobility, a suite of fully integrated mobile applications that automates field force operations using mobile devices such as laptops, tablets and PDAs. With Ventyx's mobile workforce management solutions, Cliffs' field personnel can ensure they perform the right job, with the right resources, no matter where they are.
