What is the difference between AIM and APM?
Asset Integrity Management (AIM) and Asset Performance Management (APM) are concepts that often get confused. Indeed, both focus on enhancing maintenance plans while reducing costs. However, it is necessary to understand which problems they specifically address to visualize the scope of their benefits. In this context, let’s learn about the main differences between these two vital concepts for heavy asset industries. The role of AIM As the name suggests, Asset Integrity Management focuses on the physical integrity of the asset, its purpose is to improve operational safety and maintenance planning. This strategy provides necessary outputs to industries about [...]
How APM is enabling longer asset life cycles while reducing downtime
Intro Managing equipment life cycle is a sensitive matter that requires a careful approach from heavy asset industries. In this context, properly addressing maintenance practices lies in reducing unplanned downtime and reactive maintenance strategies with the intent of improving asset availability and readiness. For this reason, Asset Performance Management (APM) is a key concept to understand how this process can be streamlined. However, before getting into how asset life cycles are being optimized, it is necessary to understand the role of APM. What is the role of Asset Performance Management? Asset Performance Management does [...]
