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Home > Posts > AIM Benchmarking Survey - Part I – AIM Today
March 01

AIM Benchmarking Survey - Part I – AIM Today

Keywords: Asset Performance, Maintenance, Asset Information, MRO, AIM.

Asset information is a quintessential part of every successful asset man-agement program. Asset information includes reference data describing every asset's functional capabilities; physical design; and what people need to do to assemble/disassemble, operate, and maintain the equipment in a safe and efficient manner. It also includes real-time information on the status of projects and assets that enable people to control performance and historical records that help them identify opportunities for improvement.

To be effective, asset information must be complete and granular enough to support every process and every user role. It also has to be readily accessible, understandable, and shareable so it's convenient for stakeholders to use to make decisions. To achieve these goals, every asset-intensive organization needs to establish a solid program for asset information management (AIM).

Organizations that lack such programs incur significant losses. Studies have identified poor AIM as the root cause of a variety of asset performance problems, such as poor asset utilization, low maintenance efficiency, high MRO costs, etc. ARC estimates the impact of these problems for a typical asset-intensive organization to be 1.5 percent of sales revenues, which represents a staggering burden for any company. Poor AIM also increases the risk of safety, health, and environmental incidents, which can jeopardize an enterprise's very survival.

Table of Contents

  • Executive Overview
  • AIM Challenges and Opportunities
  • What's the Current State of Asset Information in Industry?
  • How Good Are Today's AIM Processes?
  • How Well Are Today's Organizations Exploiting AIM Technology?
  • Where Are the Best AIM Opportunities?
  • Recommended Actions
  • Appendix: Methodology and Profile of Respondents


ARC Advisory Group clients can view the complete report at this Link.

If you would like to buy this report or obtain information about how to become a client, please Request ARC Info



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