Asset Performance Management:
Industry Insights 2019
A recent survey by ARC Advisory Group revealed that leaders are rethinking their asset performance management (APM) strategies
as digitalization gains traction across the business.
Owner-operators realize that poor asset performance is a barrier to operational excellence and higher profit margins.
Learn what is most important to industry leaders implementing APM at their organizations and
compare the effectiveness of different methods.
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Reliability Centered Maintenance (RCM)
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22%
of survey respondents don’t use RCM
22%
27%
don’t believe it improves reliability or provides ROI
27%
18%
say assets fail randomly even with RCM
18%
>
Source: Rethinking Asset Performance Management by Peter Reynolds, ARC Advisory Group, July 2019
The Most Common Maintenance Approaches
5. Run to failure
4. Usage based
3. Predictive
2. Condition based
1. Calendar based
>
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tied to a set schedule
performed when equipment starts to degrade
based on analysis of factors influencing asset health
tied to utilization such as run time, number of cycles, etc.
repair when broken
Source: Rethinking Asset Performance Management by Peter Reynolds, ARC Advisory Group, July 2019
The Most Important Features of APM Systems
ranked in order of importance
2
3
4
1
1
Issue breakdown warnings
75%
2
2
2
67%
Recommend repairs
3
3
64%
Notify other departments
of breakdown alerts
>
4
4
43%
Recommend production changes
>
1
Source: Rethinking Asset Performance Management by Peter Reynolds, ARC Advisory Group, July 2019
Most Systems Don’t Provide Adequate Warning
receive less than a week’s notice of impending failure…
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Rarely enough time to adjust production.
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59%
Source: Rethinking Asset Performance Management by Peter Reynolds, ARC Advisory Group, July 2019
See why leaders are moving toward digitalization to improve APM
Read the analyst report by:
ARC Advisory Group analyst Peter Reynolds
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