Retailers are just like you and me when it comes to monitoring and reducing energy consumption. We’re always looking for ways to cut energy costs and improve energy efficiency in our homes. However, generally unlike our homes, lighting in commercial buildings is the largest energy drain and can account for over 35% of a business’ energy use. That means any reduction in their energy costs can amount to a big boost to the bottom line.
To help stop eroding profit margins, many retailers are taking a new approach to improve asset operating performance: global asset sustainability. By monitoring and managing assets’ energy consumption, retailers can get a better handle on what assets consume the most energy and begin to control and reduce energy waste to improve operating, financial, and environmental performance.
In this article from Professional Retail Store magazine, I explain how retailers can implement energy intelligence into your asset management strategy and reduce your carbon footprint, become more energy efficient, and ultimately impact profits.
What are you doing to reduce energy consumption? What programs do you have in place to manage your assets’ energy usage?
As always, I welcome your comments and feedback.
Posted by Rod Ellsworth, Vice President of Global Asset Sustainability, Infor