What is Asset Performance Management?
An asset performance management (APM) initiative is comprised of comprehensive set of business processes, workflows and data capture that enables meaningful analysis with the ultimate goal of improving the performance of production assets. With an APM program, companies can define asset strategies - based on best practices, analytics and plant history - that align with corporate goals, are tied to key performance indicators, and provide analyses to decision makers about their production assets on an enterprise, plant, system, or equipment level.