Find & Fix Performance Problems
Unanticipated failures plague asset-intensive companies, resulting in higher maintenance costs and lost production. Eliminate problems starting with work process changes that minimize unplanned events.
By profiling the causes and true costs of failure – lost production, lost profit, excessive cost and risk – and mapping solutions that drive results, Meridium APM Failure Elimination provides the operational visibility and analysis that proactively reduces asset failures, controls cost and increases production availability
How It Works
Meridium Root Cause Analysis (RCA) determines the root causes of failures and develops meaningful recommendations to eliminate or reduce the impact of events. Meridium RCA uses common methodologies such as logic trees, 5 Whys, sequences of events and more to visualize, identify and eliminate the causes of failure. Understanding the causes of failure enables analysts to implement intelligent asset strategies to reduce the probability of future failures. Combining the power of RCA with automated tracking of performance through Enterprise APM virtually eliminates repeat failures.
Meridium Reliability Analytics applies reliability engineering principles through use of a variety of analytical and statistical modelling tools such as Weibull, Growth, Monte-Carlo and more to help make tactical and strategic decisions to optimize the performance of your assets. These tools help collect and analyze asset failure and production data for the purpose of establishing historical trends and developing improvement strategies.
Meridium Production Loss Analysis manages production goals, collects actual production values, tracks production events and impacts, and reconciles production targets. Its extensive capabilities to integrate with other analytical tools and enterprise data make it the ideal solution for accurately measuring, analyzing, and communicating production performance in areas such as availability, performance, quality and overall equipment effectiveness.