Is Asset Performance Management a Hype or Reality?
Assets are valuable possessions that your business owns outright or rents out to operate, such as real estate and machinery. They can also be a way to develop your company's resources, such as property rights, customer relationships, and goodwill.
Asset management software determine how well a business performs. They offer companies a way to drastically cut unexpected downtime for a fraction of the cost.
APM asset management style
Asset performance management (APM) is a method of asset management. It promotes corporate objectives and the usual asset stability and performance goals.
In industrial enterprises, APM has emerged as a key driver of digitalisation for asset management. Conventional asset management techniques are combined with cutting-edge digital technologies in modern APM to improve availability, operational efficiency, and business success.
EAM asset management style
Enterprise asset management (EAM) is a collection of procedures and equipment that enables businesses to keep track of and maintain their physical assets from acquisition to disposal.
Source: https://www.ramco.com/blog/erp..../is-asset-performanc
