Report finds Asset Risk Management as a Key Strategy to Maximize ROA
Meridium Partners with Aberdeen on Asset Performance Management Report
BOSTON, MA – The Aberdeen Group’s third annual research report, “Asset Performance Management: Aligning the goals of CFO’s and Maintenance Managers,” co-sponsored by Meridium, has correlated specific asset performance management (APM) capabilities and technology enablers to higher operational performance.
For the purposes of this study, Aberdeen has evaluated and classified manufacturers based on three key performance indicators (KPI). Top performers are defined as the top 20% of performers and results show that leading companies are performing at the following levels:
- 88% Overall Equipment Effectiveness (OEE); 75% for Laggards
- 2% unscheduled asset downtime; 18% for Laggards
- 25% Return on Assets (RoA) versus plan; -10% for Laggards
“Top performing companies are effectively implementing an APM strategy by fostering a culture of collaboration and implementing a risk management framework to establish advanced APM capabilities,” says Mehul Shah, Research Analyst. “The result of the study supports Meridium's focus on risk management through efficient asset strategies and analytics. Meridium’s recent partnership with Emerson to connect smart devices and control systems for real-time visibility into the asset base will be a key component to many of their client companies’ successes."
To obtain a complimentary copy of the report until January 29, 2010, click here.
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About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions. As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the “customer optimization” process of Harte-Hanks (Information – Opportunity – Insight – Engagement – Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 854-5200, or to learn more about Harte-Hanks, call (800) 456-9748.