Achieving Cost Savings with mySAP PLM

Using mySAP PLM, the company is making significant progress toward delivering on its strategy to be the low-cost provider of commodity chemicals. NOVA Chemicals’ global World Class Reliability (WCR) program for improving plant operating efficiencies is powered by SAP solutions and the company expects to continue reducing annual maintenance costs through the use of standardized maintenance work processes and mySAP PLM software.
“The commodity chemicals market is dynamic and extremely competitive,” said Larry MacDonald, chief financial officer, NOVA Chemicals. “With mySAP PLM, we have been able to standardize our business processes, establish measured performance indicators and maintain accurate data. Improving the reliability of our manufacturing operations through a proactive maintenance approach helps us realize significant savings and contributes to our strategy of being the low-cost provider of commodity chemicals.”
mySAP PLM enables NOVA Chemicals to monitor and maintain equipment assets, plan and schedule routine and preventive repairs, purchase maintenance repair parts and services and track costs. SAP specifically designed enterprise asset management applications to help asset-intensive enterprises standardize business processes, reduce operating costs and improve utilization of assets while ensuring data integrity. In addition, a comprehensive set of metrics is used by NOVA Chemicals’ leadership team to monitor company operations, compare past and present performance and set future targets.
“With more than 30 years of experience providing business software solutions for the chemicals industry, SAP is able to offer an unmatched combination of industry-specific expertise and a thorough knowledge of best practices,” said Claus Heinrich, member of the executive board, SAP. “SAP solutions have enabled NOVA Chemicals to effectively manage and maintain its plants around the world to ensure availability and reliability of equipment and production lines to drive supply chain efficiency.” SAP will present its solutions together with its service, technology and small and midsize business (SMB) partners at SAP’s main booth in hall 4 at CeBIT 2004, being held in Hanover, Germany, March 18-24.

Source: SAP AG