As the global leader in asset performance management software and services for asset-intensive industries, Meridium lowers the risk of harm to people, our planet and profits by predicting and preventing physical asset failures.
Gaining a competitive edge requires the effective application of people and technology to well designed processes, committed people who know how to apply them, and powerful, enabling technology to simplify the task. With Meridium Asset Performance Management (APM) software, our clients increase profitability and achieve predictable production capacity by increasing reliability and safety, minimizing production downtime, and improving the performance of your production assets.
Meridium APM software has performance-driven, goal-oriented applications which provide a platform for continuous improvement. Meridium accomplishes this by:
- Identifying critical manufacturing assets by assessing risk to environmental, safety and production targets
- Measuring performance of assets through advanced analytical and simulation techniques utilizing your existing asset performance data from your EAM (Enterprise Asset Management) system and condition monitoring and process systems
- Defining and implementing optimal maintenance plans and operational strategies for assets that mitigate the risk of failure
- Providing the framework and capabilities to apply best practices across the enterprise
- Ensuring continuous improvement and sustainment of best practices
In support of the work processes and applications below, Meridium offers Packaged Solutions, a combination of best practices aligned with software and services, which lower your implementation risks, provide fixed-price deployment options, and accelerate time-to-benefit. Meridium Packaged Solutions help you focus on quick value delivery rather than the technical aspect of software implementation.
As the global leader in APM for more than 20 years, Meridium has leveraged our experience around the globe as the proving ground for the five Meridium APM Work Processes, each tied to leading and lagging indicators for measurement of success.
Assess risk, improve performance
A prerequisite to all other work processes, the APM Foundation work process includes all the elements for a successful, efficient, profitable APM initiative and the framework for a living strategy, including using your existing data and structures from other systems.
The APM Foundation Work Process is enabled by these Meridium software modules and technologies:
EAM interfaces (SAP PM®, IBM Maximo®, Oracle®)
Analytical interfaces (AMS, OPC, OSI-PI)
Asset Health Manager
Mobile Inspection (Rounds, Lubrication)
Find it, fix it
Unanticipated failures plague process plants and unnecessarily result in lost production and higher maintenance costs. In order to achieve operational excellence and remain competitive, organizations must put into place systematic practices to substantially reduce Lost Opportunity Events (LOE). Typical organizations struggle to make any measurable progress in this area, but world-class companies use changes in systems, work processes, and best practices to systemically eliminate defects and minimize LOE over the long term.
The Failure Elimination Work Process is enabled by these Meridium software modules:
Metrics & Scorecards
Production Loss Accounting
Root Cause Analysis
Improve the plan
There is a trend in industry where planned maintenance is performed with little question of why are we performing these actions or what is the value or benefit being realized by performing them. Historically this work is done because “this is what we have always done,” or “the manufacturer recommends it,” or out of fear, based on high-profile asset failures. Even worse, many organizations have no strategies for maintaining their assets-in many cases due to budget cuts or lack of time. This approach may save money or energy in the short term, but results in opening themselves up to large amounts of unknown health, safety, environmental, or financial risks. This work process focuses attention on how strategies are developed based on work history, manufacturer recommendations, asset function, and failure modes, but also whether they add value based on investment and risk mitigation. It is critical to understand how strategic asset management will drive organizations to evaluate why they perform scheduled maintenance and the risk assumed if the work is deferred.
The Asset Strategy Work Process is enabled by these Meridium software modules:
Reliability Centered Maintenance/Failure Modes and Effects Analysis
Asset Strategy Management
Asset Strategy Implementation
Asset Strategy Optimization
Keep it contained
Fixed equipment failures represent the majority of failures in many asset intensive industries. These failures not only cause lost production, but represent significant business risk to the organization. Integrating all the pertinent data that influences mechanical integrity decisions drives better decisions as to when to inspect certain equipment and what type of inspections to perform. This will not only "optimize" the costs to perform those activities at a given risk level, but will optimize the scope for major plant shutdowns.
The Mechanical Integrity Work Process is enabled by these Meridium software modules:
Risk Based Inspection
Keep it safe
Managers and stake holders of manufacturing facilities face many challenges in regards to the management of safety instrumented systems (SIS), including the compliance requirements as defined by OSHA. A recent $50 million OSHA fine in the oil and gas industry for not implementing safety instrumented safeguards in a timely manner demonstrates that compliance and safety is more critical than ever. Meridium is addressing this industry need through a work process that integrates the management of SIS with overall asset performance management to provide a comprehensive method for assessing risks, validating that safety instrumented systems meet safety integrity levels, monitoring actual SIS demands and failure rates, and performing the functional testing.
The Asset Safety Work Process is enabled by these Meridium software modules:
RCMO (Reliability Centered Maintenance and Optimization) is an RCM solution integrated with SAP that:
- Provides the framework for you to define maintenance strategies based upon Reliability Centered Maintenance (RCM) and Failure Modes and Effects Analysis (FMEA) principles.
- Integrates the recommendations from an RCM analysis into SAP Maintenance Plans in SAP.
- Drives automated re-evaluation of maintenance strategies to ensure effectiveness is constantly measured for continuous improvement.
Click here to learn more about RCMO.