Best-in-Class Realize 22% Reduced Unscheduled Asset Downtime as Compared to Laggard Companies
-- 89% Overall Equipment Effectiveness (30% improvement as compared to Laggards) -- 97% Complete and On-time Shipments (17% improvement as compared to Laggards) -- 2% Unscheduled Asset Downtime (22% improvement as compared to Laggards)"The main goal of Asset Performance Management is to synchronize operations, maintenance, IT, and corporate goals to improve profitability and shareholder value. This requires visibility into all aspects of the asset lifecycle in addition to having real-time information about the asset condition," says Mehul Shah, Research Analyst. "Best-in-Class companies are leveraging dashboards, analytics, risk management, and remote monitoring devices to ensure that asset and production information is available to their employees and is integrated with business systems to enable timely and informed decisions. The report provides a roadmap for organizations planning to implement a successful Asset Performance Management initiative based on practices adopted by Best-in-Class companies." Based on the above findings, Shah adds the following recommendations to achieve Best-in-Class performance:
-- Establish support from the executive management for asset performance strategies across the enterprise. -- Invest in Reliability Centered Maintenance (RCM) and Condition Based Maintenance (CBM) to proactively monitor and manage asset performance. -- Invest in analytics to truly understand the value of asset and production data and enable effective decisions. -- Align operations performance to financial and corporate performance by integrating EAM solutions with business solutions such as Business Intelligence (BI) and Enterprise Resource Planning (ERP).A complimentary copy of this report is made available due in part by the following underwriters: IBM Maximo, Infor, Management Resources Group (MRG) Inc., and Oniqua. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=5377. For additional access to complimentary Manufacturing Research, please visit http://research.aberdeen.com/index.php/Manufacturing/ About Aberdeen Group, a Harte-Hanks Company Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen™ for insights that drive decisions. As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
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Contact Information: Media Contact: Mehul Shah Aberdeen Harte-Hanks (617) 854-5212 Mehul.firstname.lastname@example.org