Successful Implementation Of IFS Applications Enhances Efficiency For Norwegian National Grid Owners
Statnett owns key sections of the Norwegian transmission system for power and ensures that consumption and production are in balance at all times. Government-owned Statnett, answering to the Ministry of Petroleum and Energy in Norway, has more than 500 employees throughout Norway and is co-owner of the Nordic power exchange, Nordpool. Quality, reliability and cost-efficiency are at the heart of Statnett's operations, and financial goals include a minimum return on total assets of at least 8.3 percent.
As part of its ongoing plan to streamline its operations Statnett invested in IFS Applications with the specific aim of enhancing resource utilization and improving information and material flows. After a well-planned and successful implementation, Statnett is now in a position to reap the benefits provided by modern component-based business applications.
The Challenge
Toward the end of the 1990s, Statnett initiated a program of improvements to streamline operations, which it called Resource Optimization at Statnett (ROS).
The goals of the ROS program included securing access to relevant, accurate data from a common source to allow it to be used by all; single entry of data; the automation of activities and the standardization of activities and processes; and secure transfer of processes throughout the organization. Furthermore, the financials software was becoming obsolete, and the company lacked business applications for maintenance and project management.
The way to meet these challenges, and facilitate cost-efficient operations, was to invest in integrated business software.