Strategies For Equipment Maintenance
Learn how the proper mix of corrective, preventative and predictive maintenance for equipment must balance cost, risk and availability.
Asset Strategy Management
Get off your back foot when it comes to asset management by using APM Strategy to get ahead. Move from only reacting to breakdowns and work orders to using a risk-based approach to your asset strategies, system, fleet, and enterprise.
Trim your O&M expenses and boost profits
APM Strategy is a collection of integrated tools within GE Digital’s Asset Performance Management (APM) used to develop a comprehensive asset strategy to:
- Optimize and prioritize your overall asset strategy investment allocation based on asset criticality, risk and operating context
- Ensure optimal asset performance to mitigate costly unplanned failures and improve overall safety of the plant
- Build a sustainable, closed-loop continuous improvement cycle to control & improve your asset strategy
Up your asset strategy — and expect wins
Up your asset strategy — and expect wins
Explore APM Strategy modules and features
Focus on Critical Assets
ASSET CRITICALITY ANALYSIS (ACA)
Define asset criticality based on the worst-case consequence of failure to provide an overall criticality value. Determine which systems, locations, and…
Assess Systems Risk
RELIABILITY CENTERED MAINTENANCE (RCM)
Designed to help reduce the effects of functional failures, which may have a more significant impact on production and costs than simple mechanical failures…
Assess Equipment Risk
FAILURE MODES AND EFFECTS ANALYSIS (FMEA)
The Failure Modes and Effects Analysis capability facilitates the identification and mitigation of critical failure modes defined at the equipment level.
Qualitative Risk Analysis
ASSET STRATEGY MANAGEMENT (ASM)
Define risks and mitigating actions for any asset and evaluate existing plans with basic qualitative risk analysis.
Quantitative Strategy Modelling
ASSET STRATEGY OPTIMIZATION (ASO)
Extends qualitative risk/cost analytical capabilities through advanced, quantitative strategy modelling and Monte Carlo simulation.
Implementation with SAP
ASSET STRATEGY IMPLEMENTATION (ASI)
Build implementation packages containing maintenance plans and items, task lists and operations that can be linked in SAP.
Balance Costs & Plan Budgets
LIFE CYCLE COST ANALYSIS (LCC)
By contributing to decisions regarding when to repair versus when to replace, asset strategies can reveal the total cost of ownership (TCO).
Manage Corrective Actions
ACTION MANAGEMENT
Manage recommended corrective actions generated from across APM and implement planned actions.
Dig deeper
Learn how APM Accelerators can quickly extend your APM Strategy across the enterprise and learn more about the technical functionality within APM Strategy.
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