Common Questions About Asset Performance Management
Ensuring Successful APM Strategies with Meridium

We often hear the same questions over and over again from companies trying to rally their company around an asset performance management initiative. This section offers a glimpse into how your peers tackle issues such as culture change, measuring performance and reliability, and other salient issues.

• “I'm not confident that my data is reliable. How can I possibly improve asset performance with questionable data?”
• “My team doesn't want another system where they have to enter data. They just want to focus on managing their systems.”
• “We understand the need for greater asset performance and reliability, but have other projects to complete first, such as our SAP rollout.”
• “We already have best-in-class reliability tools and an RCM program underway. Do we still need Meridium asset performance management solutions?”
• “We are implementing a real-time condition-based monitoring system. Won't that improve my asset performance?”

“I’m not confident that my data is reliable. How can I possibly improve asset performance with questionable data?”

Most companies are in this same boat for numerous reasons – silos of data being captured throughout the company, no business rules or incentives for employees to code data accurately, and no current way to use the data for real value. A lack of quality data or improperly coded data needs to be addressed, independent of what system is used. Our query tools allow Meridium to perform analysis even on poor data. Our flexible database and powerful business rules can be designed to bring a high level of automation to the process of data entry, improving accuracy and confidence in your data. We can deliver amazing results even on poor CMMS data, for example, because our solution draws from a variety of sources throughout the company. Once you gain new levels of analysis and visibility into your asset performance, you can communicate to your teams the value of accurate, timely data capture. Because clean data makes their jobs easier and more valuable, you can implement procedures for better data management.

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“My team doesn’t want another system where they have to enter data. They just want to focus on managing their systems.”

Meridium is the perfect solution to simplify management of plant systems, and arm your team with the data they need to make informed decisions about asset replacements. With an asset performance management application in place, your plant engineers will have what they need to do a better job and be recognized for improving plant performance and reducing costs. They will spend less time gathering data and more time on value-added analysis. At the same time, management can utilize the software to get more out of their teams, and have a single view across all of their plants.

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“We understand the need for greater asset performance and reliability, but have other projects to complete first, such as our SAP rollout.”

The best way to get faster, higher ROI from your SAP implementation is by integrating it with Meridium. While SAP will capture data and automate key transactions and processes, Meridium will go one step further to arm you with the analysis and visibility you need to make strategic asset decisions. If shareholder value is important to your executives, then improving production and reliability, eliminating failures and increasing RONA should not be put off for long.

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“We already have best-in-class reliability tools and an RCM program underway. Do we still need Meridium asset performance management solutions?”

Meridium provides an enterprisewide solution that allows you to perform all the reliability analyses you are currently doing using a common database. Without a common solution that spans all of your components, systems and plants, you cannot gain a single version of the truth or make fact-based decisions. RCM, in practice, is rarely kept evergreen. A great deal of discipline is required to continuously monitor that the RCM strategies are being followed, determine the impact of the strategies and update them as new information presents itself. Meridium asset performance management software enables you to not only establish RCM strategies, but also measure the effectiveness of those strategies and update the plan based upon the results, driving continuous improvement in asset performance. Implementing Meridium will ensure that your investment in RCM to date pays off over time.

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“We are implementing a real-time condition-based monitoring system. Won’t that improve my asset performance?”

CBM systems and real-time alerts do provide value to your plant maintenance program and a short-term view of your assets. Meridium complements those systems by providing a much broader scope of data that is not tied to a specific hardware manufacturer. Because Meridium is hardware independent, it is the perfect solution for consolidating CBM data into a single solution where you can perform trend analysis and make fact-based decisions about your assets. While CBM systems often result in an overload of system alerts, Meridium delivers the strategy and business processes needed to execute intelligent strategies and understand when alerts have real meaning and impact. And, while CBM tools may give you short-term data, Meridium is critical for establishing long-term strategies that will impact your bottom line.

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