Resource Library

What is Asset Performance Management (APM)?

What is Asset Performance Management (APM)?

While the definition of APM may vary from one organization to another, there are several foundational elements that need to be considered to start down this path. APM is not a product nor even a framework but rather describes a set of activities that we have been doing to some degree or another for quite some time. Of course, there are software and other tools that can provide the necessary features and functions you need to “do,” APM.

What is Failure Prediction?

What is Failure Prediction?

No one likes it when equipment fails, except maybe those who are selling replacements. Failures occur at the most inopportune moments; in the middle of an important production run; in the middle of the night when the crew is at a minimum; on a Friday afternoon; or during the tour of new investors on their first plant visit.