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The primary objective of efficient Asset Performance Management is to ensure improved business process, streamline production and maintenance procedures, and streamline all the enterprise operations, maintenance, reliability and engineering with the organizational goals.

However, organizations face many challenges and stumbling blocks as they struggle to make sense of the huge amount of asset related data that is generated within the organization.

Asset Management Challenges :

  • Aligning maintenance strategies with business
  • Manage performance gaps, understanding systemic problems / trends
  • Strategic planning and budgeting
  • Ensure SHE policy compliance and minimize risk
  • Effective execution of plan and achieve operational efficiencies.
  • Ensuring plant level Uptime, Quality and Throughput
  • Inability to communicate goals with all the stakeholders
  • Inability to define and monitor KPI
  • Absence of timely alerts for under performing assets and outliers

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

Leveraging Data Analysis :

Companies know that they need an Enterprise Asset Management system (EAM) in order to keep track of their asset data, but they fail to understand the power of analysis of this data and how it can leverage asset performance management.
Our asset data analysis and reporting expertise can provide visibility across various functions so that they can implement a result oriented asset performance management plan.

  • Generating informative reports on the basis of information from RCA and RCM data
  • Get holistic view across various functions
  • Identifying process bottlenecks and areas of improvement
  • Benchmarking performance across similar functions (highlighting best practices)
  • Communicating Goals and Impact of work activities on the business
  • Architect framework for sustainable data analysis and reporting
  • Monitoring performance gaps (outliers, alerts, degradation) and influencing right behavior
  • Improving the decision-making process (e.g., quality and relevancy of decisions)
  • Optimizing financial performance while balancing asset health and SHE Risks

Drive Performance. Improve Reliability. Optimize Maintenance

Highly industry experienced and trained Asset Analytix 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. 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

How APM Helps Business...

  • Monitor budget and Control cost, Identifying unnecessary expenditure
  • Challenging assumptions and generating alternative ideas
  • Identify process bottlenecks and simplify methods and procedures
  • Saving time, money and energy by getting timely actionable information
  • Optimizing resources while maintaining throughput, quality and availability
  • Create a shared vision or agreed direction, develop alignment to Corporate directions
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