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Uptime, asset availability, and safety are critical for high operational performance. For industrial organizations, KPIs such as these tie directly to shareholder value. However, sustainable asset management efforts require a modern Plant Asset Management PAM system with the appropriate features and functionalities. This publication contains guidance and specific selection criteria to enable technology and supplier selection teams to find common ground with lower risk and faster time to decision.
Operations and maintenance personnel need a modern PAM system to obtain the visibility into performance required for achieving operational goals and help improve return on assets (ROA). As manufacturers seek to extend asset life, PAM solutions can help ensure aging assets continue to perform satisfactorily.
Current PAM systems offer solutions to monitor greater numbers of applications and asset classes, and have migrated to more functional areas of the plant to encompass not only maintenance but also plant operation.
PAM systems span both the functional needs of its users and business processes for the broader enterprise. This selection guide explores user objectives, business justification, application scope, selection criteria, and helps answer key questions, such as:
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