This week, Greg Goodwin of LNS research is counting down the top 5 asset performance trends in the manufacturing sector.
4.) Looking to improve on your company’s sustainability and safety initiatives? Asset Performance Management is a crucial investment area.
Today’s businesses are concerned about sustainability for a number of reasons. Diminishing natural resources, public concerns, and regulatory measures are all factors that have put sustainable practices and energy consumption on the radar of business executives, and this is a growing area of success for Asset Performance Management (APM) initiatives.
Where it was once considered strictly as the role of maintenance, APM has evolved considerably over the past few decades with the aid of technology advancements to be an interdisciplinary strategy that has broad effects across business areas, including sustainability. No longer concerned solely with asset uptime and availability, today’s APM strategies are achieving peak asset efficiency, and lowering systemic costs — largely in the form of carbon footprint and water usage reduction — to build more sustainable, less energy intensive operations.
As APM continues to merge with safety-related and risk management projects, it’s beginning to be seen as a single, overarching topic, and one that’s driving substantial investment as its potential value comes into view. Take a brief APM survey from LNS Research to find out much more in the Asset Performance Management Best Practices Guide.
Greg Goodwin for LNS Research