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Glossary

Get Your Maintenance Management Terminology Down!

Asset Performance Management (APM)

Asset Performance Management (APM) is a comprehensive approach to managing the performance of physical assets throughout their lifecycle. It involves the use of data-driven analytics and predictive models to identify and address potential issues before they become costly problems. APM helps organizations optimize the performance of their assets, reduce downtime, and improve safety and reliability. It also helps to ensure that assets are operating at their peak efficiency, reducing energy costs and improving overall profitability. APM is used in a variety of industries, including manufacturing, energy, transportation, and healthcare. It is an essential part of any maintenance operations and management strategy.

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Our Blogs

With a quick Google search for “preventive maintenance software,” you’ll quickly find ...

23 Nov 2023

US manufacturing is making a coming back. McKinsey's research reported that, by ...

16 Nov 2023

Traditionally, maintenance tasks were often managed using paper-and-pen, relying on ...

15 Nov 2023

Maintenance, Repair, and Overhaul (MRO) ensures the optimal functioning and longevity of ...

10 Nov 2023

From manufacturing plants and healthcare facilities to transportation services, equipment ...

9 Nov 2023

As a maintenance professional, I've witnessed the incredible transformation our industry ...

6 Nov 2023

Maintenance and facility management functions are not just about preserving assets and ...

3 Nov 2023

There is much to consider when purchasing a Computerized Maintenance Management System ...

1 Nov 2023

Introduction Despite the growth in the Computerized Maintenance Management Software ...

26 Oct 2023

Facility management plays an important role in ensuring that organizations' ...

25 Oct 2023