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Home > Posts > Asset Information Management for Operate and Maintain Lifecycle Phases
March 01

Asset Information Management for Operate and Maintain Lifecycle Phases

Keywords: AIM, APM, CPM, MES, EAM, PdM, PAM, LIMS.

Traditionally, the various production management and asset management systems have resided in separate silos with separate management, architecture, and technologies. Asset performance management (APM) involves collaboration among production and maintenance to improve execution with higher productivity, reduced risk, and improved return on assets (ROA).

The asset and production management systems have large amounts of data and information that can be used for optimization across these systems. This optimization provides improved performance for both maintenance and operations. Asset information management (AIM) provides the means for optimization across the APM spectrum of systems in both maintenance and operations. AIM for APM offers new opportunities for achieving key KPIs and C-suite objectives.

Asset Performance Management
APM applies to the long, "operate and maintain" phase of an asset's lifecycle during which revenue, margins, and profits are largely determined. An APM strategy involves integrating production management (making the product) with maintenance (ensuring the capability to produce). This enables both production and maintenance management to align and meet objectives with higher productivity, reduced risk, and improved ROA.

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