Top Performers use Asset Performance Management System
14 April 2010
During last year's global economic meltdown, organizations implementing advanced Asset Performance Management and analytical capabilities, managed to achieve Best-in-Class performance of 88% Overall Equipment Effectiveness (OEE) and 2% unscheduled downtime; according to a study by Aberdeen research.
With the financial meltdown and the uncertainty surrounding economic recovery, CFOs are compelled to make dificult decisions related to internal budgets. Aberdeen surveyed 139 executives in October 2009 to understand their asset management programs and the results revealed that in more than 70% of the responding companies, the capital and operational budgets have either remained the same or decreased by as much as 20% as compared to last year. This report will highlight how Best-in-Class companies are able to manage the reliability of their asset base in this environment by effectively executing an Asset Performance Management (APM) strategy, resulting in higher operational and financial performance.
Depending on where your organization is at the moment, the report recommends various actions including implementing RCM as a primary maintenance approach.
To read the complete paper, please visit our partner's, Ivara page by clicking here
To learn more about Advanced Asset Performance Management please contact us by clicking here
With the financial meltdown and the uncertainty surrounding economic recovery, CFOs are compelled to make dificult decisions related to internal budgets. Aberdeen surveyed 139 executives in October 2009 to understand their asset management programs and the results revealed that in more than 70% of the responding companies, the capital and operational budgets have either remained the same or decreased by as much as 20% as compared to last year. This report will highlight how Best-in-Class companies are able to manage the reliability of their asset base in this environment by effectively executing an Asset Performance Management (APM) strategy, resulting in higher operational and financial performance.
Depending on where your organization is at the moment, the report recommends various actions including implementing RCM as a primary maintenance approach.
To read the complete paper, please visit our partner's, Ivara page by clicking here
To learn more about Advanced Asset Performance Management please contact us by clicking here