July 2, 2015
Next Gen Asset Performance Management (Next Gen APM) is shorthand for Advanced Asset Lifecycle Management. This improved approach to asset performance management goes beyond the traditional questions of maintenance, cost, safety systems and condition and takes APM to the next level by embedding operational intelligence to improve worker performance, and by providing insights far beyond what traditional APM approaches deliver. Next Gen APM results in improved process safety performance, workforce competency, and decision support at the point of execution. At its core, Next Gen APM is an operational decision support platform instead of just a maintenance/cost decision platform.
4 Ways Next Generation APM differs from "Traditional APM"
Next Gen APM leverages technology to meet new requirements for compliance and operational process efficiency. Integrating key areas of information that in many organizations have existed as separate silos of data is a core benefit of the Next Gen APM approach. People, facilities and organizations can make better decisions when they are considering their assets in the light of a single source of truth encompassing:
Next Gen APM delivers and utilizes:
Challenges to implementing Next Gen APM occur when:
The SAP® and Operational Sustainability, LLC® (OS) integrated solution for Next Gen APM improves and streamlines Operational Excellence. Together, SAP and OS improve asset performance and deliver critical operational process information directly to the point of work execution – improving worker situational awareness and decision support. Information is integrated with SAP Plant Maintenance as the system of record, capturing any changes or updates to assets as work is completed. Integration of data and records enables companies to transform operations by increasing work execution, reducing time to service, and improving overall process efficiency and uptime – leading to better utilization of people and assets.
Mark Pyatt, SAP; David Drerup, Operational Sustainability®