The Trade Show Season Is Open

The trade show season is about to start again! You will find below a list of the most pertinent events in the procurement & supply chain field and the energy sector in North America.

Trade Show Veracity Utilities Procurement Supply Chain

Power Grid Resilience SummitPower Grid Resilience Veracity Connect

September 8 – 11, 2014, Hyatt Regency, San Francisco, California, U.S.

Back in April of 2013 there were two physical attacks on the grid. The first targeted PG&E’s Metcalf power substation in San Jose, the second was at TVA Watts Bar Nuclear Plant in Spring City, Tennessee.  In the first instance PG&E lost functionality on 17 transformers, recovering operations in less than 4 weeks. Four weeks is actually remarkably quick…critical components such as transformers can take 3 months to 2 years to be manufactured and shipped, depending on the size and requirements.

Couple these challenges with new risks of unprecedented catastrophe from long-duration electric grid disruption… and the need for crafting and implementing practical, coherent, no-nonsense, nuts-and bolts disaster prevention, response and recovery plans also becomes a compelling priority.

IQPC’s Power Grid Resilience Summit for the first time, brings together top utility executives to share best practices with respect to immediate implementation of near-term and relatively low-cost steps to make our grid significantly more resilient.

This summit delivers “here’s how-to-do-it” methodologies to help you implement, manage and lead disaster prevention/recovery efforts in your utility.

Program: http://ow.ly/ydOIX

http://www.powergridresilience.com


 

83rd Annual Utility Purchasing Management Group Conference

Utility Purchasing Management Group Conference Veracity

September 21-23, 2014, Orlando, Florida, U.S.

Over the years, Institute of Supply Management’s Utility Purchasing Management Group (UPMG) has grown significantly and its annual conference continues to be recognized as of the premier educational events within the utility supply chain industry. The event is hosted by Duke Energy.

  • Key Industry Topic Discussions from Duke Energy Senior Executives
  • Chief Procurement Office and Chief Financial Officer Panel Discussion
  • Change Management Techniques: Supply Chain Focus
  • Best Practices in Utility Supply Chain Focus
  • Best Practice in Utility Supply Chain Organizations
  • Talent Management
  • Futurist General Session
  • Buy America General Session
  • Disney Executive Addresses Attendees

http://www.upmg.org/

Contact: Marlon Merritt at Marlon.Merrit@duke-energy.com


 

International Council on Large Electric Systems (CIGRE) Canada Conference

International Council on Large Electric Systems CIGRE Canada Veracity Sourcing Transformers

September 22-24, 2014, Toronto, International Center, Canada

Electric utilities with transmission and distribution systems face tough challenges: planning, connecting and operating systems with radically different generation, including large solar and wind generation, and more power electronics-controlled loads. Concurrently, utilities must ensure reliability and adequate power quality, reduce carbon emissions, minimize visibility of new builds, improve customer service, moderate electricity rates, manage aging infrastructure, and address climate changes and extreme weather concerns.

At this conference, deepen your understanding of these utility issues, the solutions, approaches, methods, and tools which have worked successfully, and seek answers to specific emerging issues at your utility.

http://www.cigre.ca/

Contact: Conference.2014CIGRE@HydroOne.com


 

Smartgrid Canada Conference Montreal 2014SmartGrid Canada 2014 Veracity Asset Management Utilities

October 1-3, 2014, Westin Hotel, Montreal, Québec, Canada

For its fourth annual conference, SmartGrid Canada has partnered with the Smart Grid RoadShow to create the single leading event for the electricity industry. Between October 1-3 at the Westin Hotel in Montreal, utility representatives, industry members, policy makers and regulators will come together to discuss the challenges and opportunities in modernizing Canada’s electricity infrastructure.

The conference will explore the leading topics of the day, focusing on grid resiliency, the active customer and how smart grid technologies enable them. Extreme weather and other natural disasters can threaten lives, disable communities, and devastate electric utilities’ operations. With greater reliability demanded by the general public, utilities must respond with new strategies, resources and adaptation techniques to strengthen the electric grid.

Program: http://smartgridcanadaconf.ca/2014/programme/

http://smartgridcanadaconf.ca/2014/

Steven Desrochers | steven@smartgridroadshow.com
Sponsorships & Exhibition
1-(888) 332-3749 (x222)

Anne-Marie Enns | anne-marie.enns@sgcanada.org
Communications
1-(604) 313-3831


 

Canadian Energy Supply Chain Summit VeracityOctober 28-30, 2014 – Calgary, Alberta, Canada

Produced in partnership with the Supply Chain Management Association of Alberta, Canadian Manufacturers & Exporters and the Government of Alberta, the Canadian Energy Supply Chain Forum is a two and a half day conference and trade show focused on helping and enabling Canadian energy companies build a world-class supply chain.

This event will provide a number of world-class examples of supply chain management excellence and deliver guidance on how to think, interact and approach your daily work in new and innovative ways. The CESCF will provide insights on how Canadian energy companies can achieve supply chain excellence by re-evaluating communication practices, scope preparation, contract negotiation, risk management, integrated project delivery and more.

http://www.supplychainforum.ca/index.php/schedule


 

Federation of Alberta Gas-Co-ops Ltd. Annual General Meeting & Trade FairFederation Alberta Gas Co-op Veracity

November 24-27, 2014, Delta Edmonton South Hotel/Radisson Edmonton South Hotel, Alberta, Canada

For 50 years, the Federation of Alberta Gas Co-ops Ltd. and its 81 Member Utilities have been proud to have helped build Rural Alberta. The supply of natural gas to remote areas of our province has been essential to the development of Alberta, and has ensured all Albertans have access to a great quality of life no matter where they are. From a small collection of farmers to now the world’s largest rural gas distribution system, we are proud of our story and will celebrate it at our Annual General Meeting and Trade Fair this November.

Program: http://www.fedgas.com/public/data/documents/01TradeFairBrochure14pdf.pdf

http://www.fedgas.com/admin/contentx/default.cfm?h=2&PageId=11163

For more information, contact Dawn Dietz at the Federation Office
(780) 416-6543 or ddietz@fedgas.com


 

NET 2015 – Touchstone Energy Annual New and Emerging TechnologiesTouchstone Energy Veracity Connect

January 26-29, 2015, Tucson, Arizona, U.S.

NET 2015 is Touchstone Energy’s premiere B2B conference connecting national energy managers and key account personnel from around the nation. Hear and see what new technologies and topics are shaping our industry from national speakers and experts. View new products and services from our valued sponsors and exhibitors and network with beautiful Tucson as your backdrop.

Contact: Kathryn Momot, Program Manager, Kathryn.Momot@nreca.coop, (703) 907-5707

http://net.touchstoneenergy.com/content/net-2015


 

TechAdvantage Expo

Tech Advantage 2014 Veracity Connect

February 23-26, 2015, Orlando, Florida, U.S.

TechAdvantage is at the forefront of innovation, delivering critical technologies that are transforming the world of engineering, information technology, energy services, operations, supply management and business. Join everyone for four days of leading-edge strategies and best practices created to share and demonstrate advantages in science, technology and other industry areas that will benefit Co-op Nation well into the 21st century.

Who comes to TechAdvantage?

  • Engineers eager to leverage new applications and existing technologies to do their jobs well and do their jobs right
  • Sharp operations professionals wanting to keep pace with new technologies who are ready to execute results and fire on all cylinders
  • IT professionals targeting new skills and analyzing practical information to manage infrastructure, security and strategy
  • Frontline supply managers attentive to new ideas and innovative products that they can maneuver and apply at their co-ops
  • National co-op leaders wanting to hear from technology experts about what they see coming to determine how their co-ops will meet new challenges
  • Smart co-op insiders, hungry for what comes next and re-energized by new ideas that will elevate their efforts to new levels

Eric Commodore, NRECA
Telephone: 703.907.5577, Fax: 703.907.5521, eric.commodore@nreca.coop

Mary Novack, Kenworthy Management, Inc., NRECA Show Management
Telephone: 718.578.4658, Fax: 718.848.5095mary@kenworthymanagement.com

http://www.techadvantage.org


 

Supply Chain Management Association National Conference

Supply Chain Management Association Veracity Asset Management GroupJune 10 to 12, 2015, Halifax, Nova Scotia

Canada’s premier event for supply chain management professionals is also its largest. Each year, 500 top procurement and supply chain decision-makers from across Canada come together at the SCMA National Conference to discover the latest developments and best practices in the profession.

http://www.scmanational.ca/nationalconference/

Email: info@scmanational.ca


 

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June Digest – Time to Catch Up!

Summer is here, but it does not mean that the energy sector is on holidays!

Catch up on what happened with our June Digest.June Digest Veracity Asset Management GroupUtilities Standards Forum Veracity Asset Management GroupVeracity Asset Management Group introduced Veracity Connect to the Utilities Standards Forum Members. http://wp.me/p2EjZw-32

 ISO14001 Veracity Asset ManagementThe new standard ISO14001 is to be drafted this year and released in 2015. What will be the impact on companies, their supply chain and their sustainability practices? http://wp.me/p2EjZw-3b

Veracity Asset Disposition ManagementFind out how the 7 ways to dispose of your surplus equipment can help your company maximize the value of these assets: http://wp.me/p2EjZw-3m.

Veracity Connect Critical SparesCritical spares in the utility industry? Get a better idea with this infographic: http://wp.me/p2EjZw-3D

Veracity Newsletter Investment Recovery Critical SparesIn your mail box: Veracity Connect June newsletter. Reconditioning as an investment recovery method, our clients’ feedback and corporate sustainability are on the menu. http://wp.me/p2EjZw-3H.

Subscribe for the next one! Veracity Connect newsletter Sign up

Large Power Transformers and The U.S. Electric Grid Veracity Critical SparesThe “Large Power Transformers and the U.S. Electric Grid” report was released last April. Here are the 9 key facts which explain why large power transformers are critical to the US energy sector. http://wp.me/p2EjZw-3S

Go further with our website: www.veracityamg.com

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Veracity LinkedIn  Veracity Asset Management Google plus  Veracity Twitter

And contact us at info@veracityamg.com and 1-866-694-1252!

7 Ways to Dispose of Your Surplus Equipment

Veracity Asset Disposition ManagementIs sending obsolete or surplus items to landfills the only solution companies use to dispose of them?

We often forget that there is a full range of disposition means. Similar to what we do with our garage sales or eBay auctions, there is plenty of choice to manage your surplus assets.

Veracity Asset Disposition Management

Let’s detail each of the seven options, often called the 7 R’s, from the most rewarding solution on:

1) Reuse

Veracity Asset disposition managementAlso called “redeploying”, this is the most rewarding option for a company. Relocating equipment to another branch avoids buying a new unit and saves on procurement costs. It is the best stewardship from an environmental and social point of view.

2) Recondition

Also referred as “refurbishing”, it is the method of putting used equipment and parts back in service. Of course, it is less expensive than buying new, and allows the company to have products in like-new state.

3) Return

Veracity Asset disposition managementEquipment and parts can sometimes be returned to the Original Equipment Manufacturer (OEM) or the vendor for cash or credit value. An increasing number of OEMs offers “buy-back” solutions, as they do not want their products to end up in landfills either.

4) Resell

Veracity Asset disposition managementIdle assets can be sold again on the open market to resellers. Auction platforms are the most common tools used to sell used machinery and spares, but trades and bartering are other possibilities. Donating is also considered as a reselling option, as it benefits your corporate citizenship and involvement in the community.

5) Reclaim

Chemicals, hazardous substances and metals can be recovered in a responsible and environmental way, and used again.

6) Recycle

Veracity Asset disposition managementNon-ferrous and ferrous metals, plastic, paper, and glass can easily be scrapped, recycled and sent back to the raw material streams. We tend to forget the value of raw materials… think about copper thieves! Even waste is definitely not wasted, as it can be burnt for energy (“biomass”).

7) Remove

Surplus assets are sent to the landfills at the expense of the company. It tends to be a decision made by default by a number of companies: it is easier to throw something away to the dump or laydown yard, than looking for a better-adapted solution… But it is the most negative solution from an environmental and corporate reputation perspective. Fortunately, this is the last resort choice. It is rare when nothing can be recycled and properly disposed.

Managing surplus assets is indeed a critical aspect of the supply chain. Choosing the proper disposition means for each asset requires times, skills and networks. This is why investment recovery professionals like Veracity partner with companies to implement an efficient disposition management program. A well-run program can easily return at least $20 for $1 spent and helps the company get closer to sustainability.

Learn more about us at www.veracityamg.com or through our social media platforms: Veracity LinkedIn Veracity Twitter Veracity Asset Management Google plus
You can also easily contact us at 1-866-694-1252 and info@veracityamg.com!

Supply Chain & ISO14001: Connecting Sustainability and Investment Recovery

This blog post highlights how supply chain, new ISO14001 and sustainability are linked.

The article “ISO14001 Revisions – An End To Box-Ticking Culture For Sustainable Procurement?” by Mark Plant, CEO of Ecodesk, highlights the new standard ISO14001, which is to be drafted this year and released in 2015. What will be the impact on companies and their sustainability practices?

ISO14001 Veracity Asset ManagementFor a short reminder, the ISO 14000 standard system focuses on environmental management. The International Organization for Standardization defines it as “practical tools for companies and organizations looking to identify and control their environmental impact and constantly improve their environmental performance.” The main goal is to help companies “effectively measure and reduce their environmental footprint”.

ISO standards are not compulsory at all, but it is an excellent sign of good practices and a requirement for most large tenders. Large companies are more likely to go through the ISO certification as they are expected to be leaders in these good practices, toward their customers, suppliers and societal partners.

What are the goals of ISO14001?

  • Improves business performance through rational use of resources and processes
  • Reduces raw material usage, waste generation and disposal costs
  • Lowers energy consumption
  • Fosters optimal use of recoverable resources

Although it sounds very theoretical, these standards have shaped numerous sustainability policies and practices.

Companies in the following sectors will be more likely to adopt ISO14001:

  • Waste management
  • Heavy machinery
  • Petrochemical industry
  • Agro- industry
  • Pharmaceutical and medical sectors

Companies will have to improve their “sustainable procurement strategy”, as mentioned by Mark Plant, “a set of environmental procurement requirements will have to be set and communicated to the supply chain.”

Taking into account environmental aspects (carbon footprint, type of materials, hazardous waste management) becomes a key factor in implementing and maintaining your supply chain, i.e. acquiring goods or services at the best possible cost in terms of quantity, quality, location and time.

How do we link sustainability, supply chain and ISO14001?

We often only think of the supply chain as a one-way path. Nevertheless, ISO14001 reinforces the importance of thinking about the other hidden side of the value chain. What happens to a company’s surplus? Should it end up in a laydown yard or be sent to a landfill? ISO14001 Veracity Asset Management

Surplus asset management, also called “investment recovery” by practitioners, meets the goals of ISO14001, and should be practices complementary to your procurement program.

ISO14001 Managing your surplus assets
Improve business performance through rational use of resources and processes Identify assets and recover the highest value of idle items
Reduce raw material usage, waste generation and disposal costs Send materials to raw material streams through scrapping and recycling
Lower energy consumption Buying second-hand assets saves on transportation and manufacturing new units
Foster optimal use of recoverable resources Reusing and redeploying avoid manufacturing and buying new units

We can also add to this chart that the investment recovery process provides a full audit trail, required by any ISO standard, mitigates risks and reduce corporate exposure to environmental liabilities.

“Essentially ISO14001 is an opportunity to put in place value chain processes that can have a tangible benefit to the business but the hurdles to jump are higher and for any businesses not prepared to take supply chain sustainability seriously, the road to accreditation could also be a very long one” said Mark Plant. You can reach sustainability by also managing your surplus assets.

Go further with:

Investment Recovery: http://en.wikipedia.org/wiki/Asset_recovery

Sustainability, Investment Recovery and Supply Chain: https://veracityamg.wordpress.com/2014/05/22/article-highlight-sustainability-investment-recovery-and-supply-chain/

Rejuvenating equipment: an alternative to buying new: https://veracityamg.wordpress.com/2014/05/14/rejuvenating-equipment-an-alternative-to-buying-new/

ISO14001: http://www.iso.org/iso/home/standards/management-standards/iso14000.htm

http://www.iso.org/iso/ps-pub200002.pdf

The article “ISO14001 Revisions – An End To Box-Ticking Culture For Sustainable Procurement?” by Mark Plant: http://www.procurementleaders.com/blog/my-blog–guest-blog/iso14001-revisions—an-end-to-box-ticking-culture-for-sustainable-procurement

Send us your thoughts and questions through the comment box below, our social media platforms or info@veracityamg.com!

 

 

 

Article Highlight: Sustainability, Investment Recovery and Supply Chain

In the article “How the Social Supply Chain Powers Responsible Investment Recovery”, published in the Asset 2.0 magazine of the Investment Recovery Association, Julie Urlaub offered a very interesting overview of the role played by investment recovery in the sustainability strategy. Julie Urlaub is the Founder and Managing Partner of Taiga Company (http://taigacompany.com/), which specializes in social media and sustainability consulting. We would like to highlight 3 key points of her article. The quotes in this post are all from Julie Urlaub.

Supply Chain, Investment Recovery, Sustainability1) Sustainability: it should be in every corner of your business

Sustainability is everywhere, even though you may not call it this way. Indeed, a company that has adopted responsible sourcing methods, played a role in environmental stewardship and optimized the efficiency of every department has already entered the sustainability world.

“Executives from all facets of the organization are finding reasons to care about sustainability.”

Being sustainable is becoming a real corporate concern, and sometimes a boost effect. It is difficult to shape a business strategy without taking it into account. Remember the numerous scandals about PCB-leaking equipment sent to the landfills, or sourcing toxic raw materials. These companies’ brand and reputation are still paying the price of ignoring the other side of their business strategy.

According to Julie Urlaub, sustainability answers several matters:

  • Regulatory compliance
  • Environmental stewardship
  • Transparency
  • Pollution and water risk
  • Corporate reputation

2) Investment Recovery and Sustainability: a discreet but natural link

Investment recovery, also called surplus asset management or disposition management is not new. Yes, Michael Porter did not integrate it in its Value Chain Analysis. But we can see investment recovery as the hidden part of the supply chain and a pillar in business sustainability.

For a reminder, investment recovery can be defined as the practice of recovering the highest value of assets no longer needed by a company. Recovering can be referred to the different ways a company can efficiently dispose of its idle or obsolete items. Here are some of them:

  • Redeploying: reusing these items within another branch of the company
  • Reconditioning: refurnishing them in a like-new condition
  • Returning to the manufacturer or the vendor of this equipment
  • Reselling to buyers
  • Recycling: the items can be scrapped and sent back to the raw material streams

Investment Recovery naturally meets 3 main pillars of sustainability: Economic development, Social responsibility and Environmental stewardship.

“By pairing investment recovery with corporate sustainability, you will elevate the IR function in your organization.”

3) Bringing investment recovery and sustainability to the next level: supplier collaboration

Disposing of surplus assets, in the frame of an investment recovery program, means maximizing the financial return, and knowing what happens to these obsolete assets.

“IR professional have an opportunity (and responsibility) to connect the dots between investment recovery and sustainability to make it visible to stakeholders.”

Julie Urlaub sees collaboration among suppliers as the next step in better business practices. Adopting an overall approach of the supply chain and implementing a solid sustainable policy allows companies to mitigate risks. Purely focusing on costs works on the short-term, but significantly increases corporate risks in the long-run.

Collaboration among companies and suppliers helps make the supply chain “more responsible, resilient and efficient”. The number of procurement groups and trade associations is consistently increasing, showing that collaborating impacts the sourcing process. Availability, better prices and knowledge sharing are some of the advantages.

Go further:

 

Veracity presents its collaborative platform “Veracity Connect” at the OCE Convention May 12-13th

Check out our collaborative platform Veracity Connect at the Convention today and tomorrow! Veracity ConnectVeracity Connect is a web based tool specifically for the energy sector that helps them take a proactive approach to Critical Spares Management. Using Veracity Connect, distribution, transmission and generation companies can access available equipment from fellow Connect members, Equipment Resellers, OEM’s and Major Industry.

Once a company has joined with Veracity Connect, Veracity takes that companies fleet of critical equipment and goes out to the marketplace to source available spares that match that companies fleet specifications. Veracity provides regular updated reports both on matched spares and those critical assets that spares are not available. This information can them be used to assist with capital equipment planning as well as provide relevant information for risk mitigation planning.

Check out Veracity Connect’s web page http://www.veracityamg.com/veracity-connect! Contact us at 1-866-694-1252 to share your needs in terms of critical spares and find out how we can help you manage them!

Veracity Asset Management Group Announces the Introduction of Veracity Connect

Veracity Connect, collaborative platform

Veracity Asset Management Group is pleased to introduce our newest service offering, Veracity Connect, an innovative way to proactively manage critical spares. Veracity has partnered with organizations from across North America to allow us to match your equipment specifications to new and reconditioned, warrantied spares in the marketplace.

In the event of a critical failure, our unique service ensures that a suitable spare has already been identified. Veracity Connect will not only find you the equipment but can also ensure the logistic details (freight, customs brokerage) are in place to get the equipment to your location.

Veracity Connect is a cloud based service that promotes a collaborative approach to critical spares management. Veracity Connect helps utilities balance reliability, cost and risk, by ensuring that internal critical spares are identified and by providing a system wide view of available spares. Veracity Connect allows members to individually manage critical spares and collectively share critical spares across the province, region or country.

Veracity Connect allows LDC’s to identify areas of risk with respect to critical spares, while also optimizing overall capital spend to minimize risk. Collaboration creates an industry wide pool of spare utility equipment and assets. This network of spares may reside amongst utilities, industrial end users, equipment brokers or OEM’s. Achieving visibility of spares from many different sources can lower the overall future cost to maintain spare equipment, allowing utilities to control costs while maintaining reliability.

In addition to providing access to critical spares, Veracity Connect is a collaboration tool that allows utilities and industry partners from across Ontario and North America the ability to share knowledge, technical insights, ideas and best practices. Veracity Connect can help foster effective collaboration among engineering, operations and procurement groups from multiple utilities, allowing you to combine resources and competencies.

Contact Veracity today to learn more about Veracity Connect (http://ow.ly/wy7bO) and the Power of Collaboration!

Veracity Asset Management Group

info@veracityamg.com

866-694-1252

Veracity Delivers Value to the Supply Chain

Veracity Asset Management Group (Veracity) has entered into a consulting services agreement with one of BC’s largest Energy companies to provide supply chain sourcing activities. Under the terms of this agreement, Veracity will provide “alternative to new” options for sourcing a Spare Generation Step Up (GSU) Transformer.