Asset Performance Management

Asset Performance Management (APM) refers to the systematic approach organizations use to optimize the performance, reliability, and lifespan of their physical assets, such as machinery or infrastructure. By collecting and analyzing data on how these assets operate, companies can make informed decisions to enhance efficiency, reduce maintenance costs, and prevent failures. APM helps ensure that assets are used effectively, minimizing downtime and maximizing return on investment. Essentially, it’s about ensuring that valuable equipment works as efficiently and reliably as possible throughout its life cycle.