Approach for measuring economic benefit of process analytical technologies (PAT)
On November 9, Dr. Peter G. Martin, authority on real-time performance manage-ment, will present a seminar aimed at applying process analytical technologies (PAT) more strategically in the pharmaceutical sector. The seminar, entitled “Optimizing PAT with Metrics that Matter,” will be presented at the International Society for Pharmaceuti-cal Engineers’ (ISPE) 2005 annual meeting in Scottsdale, Arizona.
“With PAT, the FDA has opened the door for pharmaceutical manufacturers to achieve the performance optimization benefits that are already being realized in many other industries,” said Janice Abel, director of pharmaceutical and biopharmaceutical marketing for Invensys and past president of the ISPE Boston chapter. “Dr. Martin’s seminar will help pharmaceutical and biopharmaceutical manufacturers to measure eco-nomic performance in real time and thus be able to quantify and justify the benefits of implementing PAT in their plants.”
The seminar will guide the pharmaceutical and biopharmaceutical industries in im-plementing programs to realize measurable benefits from PAT-related process optimiza-tion. Martin will demonstrate ways of developing measures that correlate with meaning-ful business metrics to help life science developers and manufacturers cut costs, improve product quality, or speed to market, depending on their business strategy.
Dr. Martin, vice president of performance management at Invensys Process Systems in Foxboro, Massachusetts, is author of Bottom Line Automation and Dynamic Perform-ance Management: The Pathway to World Class Manufacturing (both by ISA Press) as well as numerous articles and technical papers. The Instrumentation, Systems, and Automation (ISA) Society’s InTech magazine has named him one of the 50 most influen-tial people in the control industry and Fortune magazine named him a “Hero of US Manufacturing.”
Over 50 companies throughout the world are implementing one or more programs based on Dr. Martin’s patented ‘dynamic performance measures” method of providing instant, high-resolution economic feedback of how plant activities are impacting profit-ability. Dr. Martin has held positions in engineering, product planning, marketing and strategic planning at The Foxboro Company and Invensys Process Systems, and was also vice president at Automation Research Corporation (ARC). He holds B.A. and M.S. de-grees in Mathematics, an M.A. degree in Administration and Management, and a Ph.D. in Industrial Engineering.
— Richard Phelps, senior editor, Control Engineering