Increasing profit is not just a matter of producing more or selling more. On the other side of the ledger – the expense side – are opportunities for cutting expenses and improving the bottom line. Targeted energy audits will find some of those opportunities.
As the name suggests an energy audit is an analysis of the cost and efficiency of the energy used within a business and takes a three-way approach – energy consumption, energy waste and energy improvements – looking for ways the business can improve operational efficiency and cut costs and increase profit.
For more than 20 years CRAM has been synonymous with all aspects of hydraulic power. The energy audits undertaken by CMA, the engineering division of CRAM, have extended the company’s reputation for hydraulic excellence and, along the way, delivered thousands of dollars in direct and maintenance cost savings for a range of business customers. Of course, making claims like ‘savings thousands of dollars’ raises questions like ‘how’ and what’s the return on investment (ROI) of the cost of the audit. To answer the second question first, the ROI is frequently less than six months as the audit may uncover possible changes in software or operating procedures that don’t cost a lot to implement and can start delivering savings almost immediately. From here, the potential savings keep growing.