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Meridium's Asset Performance Management (APM) enterprise software enables a set of work processes to maximize physical asset performance, mitigate risk, and optimize cost in a business enterprise.
Meridium improves the performance of production assets with effective asset strategies based on best practices, rigorous analytics and plant history. Meridium APM software also aligns key performance indicators with corporate goals and provides critical analyses to decision makers about their production assets on an enterprise, plant, system, equipment, and component level. 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 data from EAM or CMMS and operational sources
- Defining and establishing optimal maintenance and operational strategies for assets in EAM or CMMS and other applications
- Providing the framework and capabilities to apply best practices across the enterprise
- Ensuring continuous improvement and sustainment of best practices
In addition to the 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. Click here for more information on Packaged Solutions.
The Meridium product stages that drive enterprise-wide continuous improvement are:
Strategy Development
Meridium's Strategy Development stage provides methodologies and techniques to understand how an asset fails, the risk and impact of that failure, and the strategy for maintaining that asset, i.e., what should (or should not) be done to the asset. These applications help you determine whether to accept the risk, mitigate the risk, or transfer the risk:
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 Reliability Centered Maintenance and
Failure Modes and Effects Analysis (RCM and FMEA) |
| Risk Based Inspection |
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Strategy Management
Meridium's Strategy Management stage supports methodologies to quantify strategy risks and cost and provides the technology to manage the strategy (and changes to the strategy over time) for assets. This ensures that recommendations from all asset strategies can be managed as a whole and driven to completion. Meridium Strategy Management also provides the capability to classify a strategy as a best practice, apply it to asset populations and ensure the best practice is managed for all assets. These best practices can then be integrated to external systems for implementation with these applications:
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| Asset Strategy Implementation |
| Asset Strategy Management |
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Strategy Execution
Meridium's Strategy Execution stage provides common work processes, methodologies and applications to document the current condition of your assets and execute the prescribed strategies. The Strategy Execution applications drive the data collection that provides critical feedback and information on the performance and condition of your assets:
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| Calibration Management |
| Inspection Management |
| Operator Rounds |
| Thickness Monitoring |
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Strategy Evaluation
Meridium's Strategy Evaluation stage provides a complete analytics and measurement system to assess and quantify the performance of your assets, and provides mechanisms to evaluate strategy effectiveness against your business objectives. The Strategy Evaluation applications also help define and manage the corrective actions that need to be taken on an asset:
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| Generation Management |
| Metrics and Scorecards |
| Reliability Analytics |
| Root Cause Analysis |
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APM Framework
The Meridium APM Framework serves as the technical foundation of the Meridium APM application and provides the infrastructure for the business processes supported by the individual Meridium modules to create a fully integrated system. Meridium APM Framework includes a common set of decision support tools, configuration features for extensibility, administrative applications and enterprise integration with your existing business systems.
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| Asset Health Indicators |
| Recommendation / Task Management |
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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.
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