Asset Performance Management – The New Standard for EAM
Reduce risk, reduce costs, reduce downtime, reduce energy use, reduce carbon footprint!
These are the challenges that many asset-intensive organizations are struggling with today. And their stakeholders expect them to excel in every category.
EAM solutions are no longer adequate to meet their needs. They are demanding more comprehensive, integrated suites of solutions that can support modern views of Asset Performance Management (APM).
Winning APM strategies view the organization as a system consisting of three equally important classes of assets — physical, human, and virtual. They use interoperability to optimize performance across a variety of goals, like those mentioned above. And they coordinate APM efforts with other Asset Lifecycle Management (ALM) processes like Project Performance Management (PPM) and Asset & Project Portfolio Management.
To meet these needs organizations are adopting new solutions that combine best practices, best technologies, and excellence in Asset Information Management (AIM). And they are doing this in ways that generate fast returns, yet enable the organization to sustain each improvement as another step in their ongoing journey to ALM excellence.
To learn more about APM strategies and some of the significant benefits being achieved take a look at my recent white paper on this topic: SAP Asset Management Solutions: A Solid Foundation for Asset Performance Management. It defines the kind of technology that should be included, demonstrates the importance of integration across all APM processes, and elaborates on the ability of shared asset information to drive coordinated action. The paper also evaluates the capabilities of SAP’s solutions for asset management to meet these requirements.
I hope you enjoy the paper and I wish you well on your own APM journey!