A well-articulated and clearly defined asset performance management strategy is imperative to improve the performance levels of your physical assets to attain world class performance benchmarks. Failure to manage your assets and operate them in an effective manner is detrimental to the growth and profitability of your enterprise. At Reporting House, we can help you streamline your asset data analysis and provide visibility across various functions so that you can implement a result-oriented asset performance management plan.
The Business Challenge
The primary objective of Asset Performance Management is to synchronize and align all the activities in the various functional areas of the enterprise asset operations, maintenance, reliability and engineering, with the corporate goals of the enterprise.
However, organizations face many challenges and stumbling blocks as they struggle to make sense of the huge amount of asset data that is generated within the organization. Our consultants address these challenges as they work with you every step of the way.
These challenges include:
- Inability to communicate goals with all the stakeholders
- Unable to formulate data driven strategies
- Inability to define and monitor leading/lagging key performance indicators
- Absence of timely alerts for under performing assets and outliers
- Inability to tie reward with actual achievement
Business Impact:
- Reduced Productivity and workforce utilization
- Visible amount of idling, speed losses, break downs and stop losses on your production lines
- Quality-related issues for both internal as well as external customers
- Increase in the total cost of asset ownership
- Significant compliance risk
- Overall low asset value realization
The Reporting House Solutions to your APM Challenges
Highly industry experienced and trained Reporting House consultants can address the specific APM data analysis needs of your organization that are sure to impact your corporate performance in more positive ways than one.
Our consultants offer an independent and objective perspective on your challenges. They can provide valuable insights since, in all likelihood, they have addressed similar issues with their clients in the past. We will:
- Develop an understanding with respect to your organizational vision and goals related to asset management
- Act as a soft link between EAM business user and IT department
- Provide KPIs, dashboards and strategy maps to carry out in-depth asset analysis to evaluate and build strategy options
- Determine data, analytics and technology requirements
- Establish policies and plan for data cleansing and data quality management
- Architect framework for sustainable data analysis and reporting
- Develop and implement robust end-to-end solution
- End user training for data analysis and reporting
The Reporting House Value Proposition
Successful asset performance management calls for a dynamically diverse and yet synergistic skills set. We have delivered APM solutions to varied enterprises both large and small. Our rich track record and proven capabilities includes:
- Vast industry experience and extensive EAM domain knowledge
- customizable Content Library with a rich EAM knowledge base of best practices KPIs, quantitative analysis and statistical modeling
- Experienced in all the relevant realms of Technology
- Team of highly skilled industry consultants
- Experts who specialize in highly sophisticated financial impact analysis
