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Discover a new path to profitability with Meridium
Create a Culture of Performance and Reliability
All companies struggle with reducing costs while simultaneously reaching higher levels of production performance in today’s down economy. While traditional asset performance initiatives produce some levels of success, they rarely reach their fullest potential. This is due to the simple fact that companies focus too much on just the technology, and forget about the people, processes and culture.
Meridium’s framework for greater asset performance ensures you have not only the technology to improve production performance, but also the business processes to create a culture of success. The APM framework is a closed-loop process for improving performance and eliminating failures, while also continually reevaluating and updating asset strategies, as your business needs change.
A major benefit of APM software is that it can be implemented in stages. While the full value of APM is best realized across an entire enterprise, plants can readily adopt incremental improvements without protracted rollout programs. Once a single plant achieves results such as improved safety records, reduced incidents and higher return on net assets (RONA), the APM framework and best practices can be distributed to other plants globally.
Another way to see immediate results before implementing change at the plant level is by establishing KPIs. Meridium software provides a dashboard to standardize the view across all plants. This provides democratic views of the data with high level visibility, as well as the ability to drill down into plant-level details.
- Strategize – Business drivers initiate the process and lead to strategies. Activities in this phase include equipment and process design, needs analysis, developing KPIs and more. Meridium arms you with a variety of methodologies and workflows used to create performance-focused asset health strategies.
- Execute – Strategies are implemented in this phase, which typically involves a host of other software technologies such as ERP (SAP) , Condition Based Maintenance and process control systems. These are used to schedule, monitor and record tasks and events. This phase produces massive amounts of data.
- Evaluate – Few companies perform evaluation on data from both operational and maintenance systems. Fewer, still, use the results to alter and update strategies and business processes. Meridium’s solution for developing, tracking and evaluating asset health strategies allows companies to easily make changes to their processes whenever market, supply or customer needs change.
- Demonstrated successes through improvements in production, safety incidents, cost reduction, etc.
- Focus on improving performance and reliability at all levels of the organization
- Include champions on the executive team
- Over communicate objectives and expectations
- Re-evaluate often and change when needed
- Build asset performance management into day-to-day business processes
- Tie all employees’ jobs to improving asset performance and reliability
- Encourage employees to share best practices and asset strategies
- Create healthy competition among plants to improve performance, reduce costs and eliminate failures
Training and professional development is a critical part of creating a culture of reliability. Employees at a variety of levels should be trained on the appropriate software tools, methodologies, workflows and reporting procedures. For information on Meridium’s training services, click here.
Many of the world’s leading asset intensive manufacturers have achieved significant results from Meridium asset performance management solutions.
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