-- 89% Overall Equipment Effectiveness (51% better than Laggards)
-- 97% Complete and On-time Shipments (21% better than Laggards)
-- 2% Unscheduled Asset Downtime (11.0-times better than Laggards)
"The main goal of Asset Performance Management is to synchronize
operations, maintenance, IT, and corporate goals to improve profitability
and shareholder value. This requires visibility into all aspects of the
asset lifecycle in addition to having real-time information about the asset
condition," states Mehul Shah, Research Analyst. "Best-in-Class companies
are leveraging dashboards, analytics, risk management, and remote
monitoring devices to ensure that asset and production information is
available to their employees and is integrated with business systems to
enable timely and informed decisions. The report provides a roadmap for
organizations planning to implement a successful Asset Performance
Management initiative based on practices adopted by Best-in-Class
companies."
Based on the above findings, Shah adds the following recommendations to
achieve Best-In-Class performance:
-- Establish support from the executive management for asset performance
strategies across the enterprise.
-- Invest in Reliability Centered Maintenance (RCM) and Condition Based
Maintenance (CBM) to proactively monitor and manage asset performance.
-- Invest in analytics to truly understand the value of asset and
production data and enable effective decisions.
-- Align operations performance to financial and corporate performance by
integrating EAM solutions with business solutions such as Business
Intelligence (BI) and Enterprise Resource Planning (ERP).
A complimentary copy of this report is made available due in part by the
following underwriters: IBM Maximo, Infor, Management Resources Group (MRG)
Inc., and Oniqua. To obtain a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=5377.
For additional access to complimentary Manufacturing Research, please visit
http://research.aberdeen.com/index.php/-manufacturing.
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Contact Information: Media Contact: Mehul Shah Aberdeen Harte-Hanks (617) 854-5212 Mehul.shah@aberdeen.com