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.

GUIDEBOOK:

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