Asset Performance Management - APM

Asset Performance Management (APM) is an approach to managing the optimal deployment of assets to maximize profitability and predictability in product supply, focusing on real margin contribution by asset by product code. Rather than looking at an asset on the basis of market value or depreciated value, companies can see how the asset is contributing to their profitability by looking at how individual assets are performing--whether inventory or Plant, Property, and Equipment (PP&E)--and developing a vision of how they want to allocate resources to assets in the future. APM is not necessarily purely financial or even operational, but it will cross functional lines. It combines best-of-breed enterprise asset management (EAM) software with real-time information from production and the power of cross-functional data analysis & advanced analytics. More broadly, it looks at the whole lifecycle of an asset, enabling organizations to make decisions that optimize not just their assets, but their operational and financial results as well.

Chair: Ananth Seshan, 5G Automatika

GUIDEBOOK:

Premium members can download the APM Guidebook here.

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WORKING GROUP:

MESA has formed an Asset Performance Management Working Group to develop a guideline for the next generation APM practice. This guideline shall be disseminated in a series of workshops and piloted in the respective members' organizations. The outcome of the pilots shall be published. To participate in the APM working group, please click here for more information.

Have questions or need assistance determining the group(s) that best fit your needs?  Contact Megan Calles megancalles@mesa.org or  +1 480.893.6883. Interested in starting a new group? Contact Brandy Richardson brandy@mesa.org or +1 480.893.6883.