Asset performance management helps companies track the performance of their fixed assets to optimize their use. Companies use this type of software to extend the life of their fixed assets and to reduce the costs of maintenance. Asset performance management is mainly used by maintenance managers, but can also be used by finance professionals to monitor fixed asset costs.
Asset performance management can be delivered as part of an enterprise asset management (EAM) software package, or as a separate solution. Some business intelligence software providers also offer solutions customized for asset performance.
To qualify for inclusion in the Asset Performance Management category, a product must:
Maximo offers a comprehensive solution for managing physical assets on a common platform in asset-intensive industries—on premises or in the cloud. Downtime reduced 5-20% Improve operations across asset availability, reliability and utilization. Clients report up to a 20% reduction in both downtime and material costs. Labor utilization up 10-20% Gain central control of activities including long- and short-term scheduling; preventive, reactive and condition-based maintenance; crew management; resource optimization and performance indicators. Inventory needs down 20-30% Reduce excess or obsolete inventory. Maximo can plan inventory to meet maintenance demand accurately and manage vendor relations for contracts. Asset utilization up 3-5% Track and manage asset deployment, specs, conditions, calibration and costing from a single system.
Oracle Enterprise Performance Reporting Cloud is a secure, collaborative, and process driven service for defining, authoring, reviewing, and publishing financial, management, and regulatory report packages.
Data Optimizer is an innovative, easy to use, and robust approach to the critical task of collecting, verifying, and updating asset data. Working seamlessly within the Nexus Global Optimizer Suite of software, Data Optimizer builds and audits your asset structure and taxonomy by understanding processes, equipment classes, and human factors.
Infor's new EAM Software is a 21st-century best-in-class enterprise asset management solution that helps improve asset performance. With 25+ years of expertise in Enterprise Asset Management, Infor developed this new revolutionary software with rich built-in functionality and industry-specific editions that use predictive and preventive technologies to extend asset life and increase efficiency. Accessible on any mobile device; Deployable in the cloud, on premise, or as a hybrid; and built on modern architecture, Infor EAM Software can scale as needed, enhancing your ability to grow. •Ensure equipment reliability with preventive maintenance and gain new visibility with advanced alerts, KPIs, and dashboards •Go beyond basic work order management from computerized maintenance management systems (CMMS) with built-in case management, asset reservations, key management, space and move management, and more •Gain visibility into linear asset condition, manage space and occupancy graphically, and pinpoint energy waste through available GIS, OpenCAD, and Asset Sustainability integrations
SAP EAM is a software that manage the entire asset lifecycle with real-time visibility into asset performance and powerful analytics, its easier to optimize asset usage, shrink costs, better manage capital expenditures, and ultimately maximize your return on assets (ROA) including fixed property, plant, and equipment
Keep high-capital assets running at maximum efficiency to meet production goals and boost profitability – without increasing costs or risking failure. Predict problems in advance with machine sensor data that feeds to analytical models. And when there is a problem, diagnose it with root-cause analysis tools so you can take corrective action quickly.