The following is the second installment in a five-part series counting down the top five "must-have" asset performance management technologies for food manufacturers, courtesy of Greg Goodwin of LNS Research. Today, Greg discusses No.4:
While some form of Asset Performance Management (APM) software is on many manufacturers’ wish lists, sticker shock has often been a significant barrier for smaller organizations with limited budgets.
However, the Cloud is changing that. With flexible pricing models based on subscriptions rather than massive up-front investments, and a shift of resource intensive IT allocation from client toward the provider, the Cloud is making APM software a reality for small to medium sized business that have previously lacked the budget and resources to pursue it.
There are many applications for companies testing the software waters to invest, and the potential ROI is heavily dependent on your business and current pain points. Take a brief APM survey from LNS Research to find out much more about key criteria for APM software considerations and investments in the Asset Performance Management Best Practices Guide.
Be sure to check back with Food Manufacturing on Wednesday to find out the No. 3 must-have asset performance management technology for food manufacturers.
No. 5: Calibration Functionality