Asset Performance Management (APM) refers to software tools designed to optimize the performance and longevity of critical operational assets, such as plants, equipment, and infrastructure, which are vital to a company's success. APM solutions help businesses monitor and manage the performance of their fixed assets, aiming to maximize their efficiency while reducing maintenance costs. These tools are primarily used by maintenance managers to extend asset life and ensure optimal asset utilization, but they can also be valuable to finance teams for tracking asset-related expenses. Additionally, APM solutions support compliance with regulatory requirements for asset inspection and maintenance. APM systems leverage data capture, integration, visualization, and analytics to improve operational efficiency and streamline maintenance scheduling. By analyzing real-time data, APM tools identify the most impactful maintenance and inspection activities, enhancing the reliability and performance of mission-critical assets. These solutions can be offered as part of an Enterprise Asset Management (EAM) system or as standalone software. Some business intelligence providers also offer specialized APM tools tailored to the needs of asset management professionals.
© 2025 WebCatalog, Inc.
