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BizReport : White Papers : Industrial & Manufacturing

Asset Performance Management: Driving Excellence through a Reliability Strategy in Real-Time

The current economic downturn, looming global recession, volatile energy and commodity prices and increasing budget cuts have put pressure on companies to establish strategies just to stay competitive in business. For asset intensive industries, this requires getting the maximum value out of what companies have already invested in assets. This benchmark report will highlight how, even in such a challenging environment, Best-in-Class companies are able to reduce cost, maximize Return on Assets (ROA), and achieve a competitive advantage through an asset reliability strategy resulting in improved profitability and shareholder value. Best-in-Class companies gain real-time visibility by being 83% more likely to adopt remote asset monitoring devices. Best-in-Class companies can proactively monitor and manage assets by being 3x as likely to implement Reliability Centered Maintenance (RCM). Best-in-Class companies achieve 89% OEE by being 67% more likely to implement Condition Based Maintenance. This report was written by Aberdeen Group.

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