The account codes at the nominal ledger, which were created to fulfil the traditional accounting purpose, are not as detailed as those required by ABC and ABB.
To perform an ABB process, data from nominal ledger accounts needs to be disseminated and converted to an ABC format and then divided into variable and fixed cost data before it enters the Cost Control system.
And he says he is not daunted at the prospect of taking of the problems still facing ABB.
'Past studies have shown that a properly functioning predictive maintenance system can provide savings ranging from 12 and in some cases up to as much as 40 percent over a program using preventive maintenance alone,1,' explains Eduardo Ingegneri, Global Product Manager for Asset Vista at ABB.
'Following successful implementation of the system at a European metals customer's 22 stand bar rolling mill we know it offers cost savings, improves human safety by reducing unnecessary maintenance in hazardous areas, and can reduce resource use and environmental impact.'
Beginning March 1, Baldor Electric Co., a member of the ABB group for more than seven years, became known as ABB.
The ABB AC500 is one of the latest available products from ABB.
with a modular construction that allows PLC operators the option to increase performance by simply interchanging modules.
"This is part of our ongoing divestments this year of non-core businesses, and was instrumental for the upcoming sale of the main business of ABB Export Bank in export, trade and project financing," said Peter Voser, CFO of ABB.
Merrill Lynch analyst Raymond Greaves said the news had removed fears of a worstcase scenario at ABB.
'It all depends on whether the banks will continue to support ABB.
I am very negative.'
'We are delighted to have been awarded a second project to deliver our digital solutions as part of the 20 pilot CSP solar program, aimed at boosting China's efforts to meet the 2030 target of producing 20 per cent of its overall electricity from renewable sources,' said Kevin Kosisko, Managing Director, Energy Industries, ABB.