Anyone can collect data, massage it, and derive a set of industry "norms" for comparison. At Solomon Associates, we believe that any data
used to make decisions on the future of people or assets must be held to much higher and more rigorous standards. By providing consistent and objective measures
of commercial success, examination of our extensive database will provide valuable new insights to participants.
Some of the benefits of our studies are summarized below. Details of the individual studies are provided through the related links at the
left, and the icons at the bottom of the page.
Solomon’s CPA can help you understand your competitive position by evaluating your performance in areas that directly relate to
profitability. We can help you pinpoint areas that present the greatest opportunity for increasing revenue.
The graph at left illustrates how a “gap” is determined. For any given indicator, the gap is the difference between the average
performance of the three best performers and the performance of your plant. That difference represents your opportunity for improvement.
CPA identifies the gaps between your performance and that of the best in your industry, allowing you to concentrate your improvement efforts
in the areas where you can achieve maximum benefit.
In a Performance Summary graph like the one at right, your plants are placed along a graduated bar which represents the results for the
entire study group. Their position on the bar shows their performance for the noted indicator. The bar itself is shaded to indicate quartiles of performance,
showing you at a glance where your plants fall relative to the total study results, and to each other.
Study results provide an objective means to measure the amount spent in an area, such as maintenance, and determine the effectiveness
of those expenditures.
This pie chart shows the distribution of your expenditures across categories typical for your industry, helping you to identify any disproportionate
areas of spending. Using such a chart, combined with indices like reliability, gives you a comprehensive overview, allowing you to understand the effectiveness
of your operating expenses.
Validation is the key to a reliable database. We train your staff to collect the data we need, and use sophisticated data validation models
to produce the highest quality data set possible.
Our definitions provide strict boundaries and input parameters to ensure that all participants are submitting compatible data.
Solomon's CPA covers all the critical performance areas of a plant. We collect a significant amount of data, which allows us to provide
you with the most accurate and meaningful results.
Since we are independent, we can make impartial observations and calculations, ensuring you completely objective data on which to base
your decisions.
We are noted worldwide for maintaining confidentiality in our dealings with individual clients and for our absolute protection of proprietary
data. Our dedication to integrity commands that we respect the privacy of each client. Measures we take to protect the confidentiality of each participant’s
performance include:
- Study results are provided only to those companies who participate in the study.
- Individual data points are not shown to anyone other than the submitting company.
- Results are presented as averages, statistical distributions, or correlations of peer group results.
- We do not identify the study participants without their written permission.
The set of study deliverables received by each participant includes:
– analysis of study results and trends, with detailed tables summarizing results for study,
peer groups, and performance quartiles.
– review of study results presented at your site including your refinery’s
specific performance.
– showing comparative rankings against appropriate peer groups.
– measuring key performance indices.
– available to provide a sharper focus on your performance based on peer
groups with specific characteristics.
Select industry & study
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