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06/26/2008
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 09/01/2008
Asset Performance Management
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Whitepapers
 09/01/2008
Asset Performance Management
MASS Group
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This benchmark investigates the ways top performing companies develop
corporate cultures of reliability and leverage investments in advanced Asset
Performance Management (APM) capabilities to improve operational
performance by optimizing asset availability, utilization, and flexibility.
Top
performing companies are optimizing asset performance and integrating
operational metrics with financial metrics for top line and bottom line
improvement in performance.
Best-in-Class Performance
Aberdeen used four Key Performance Indicators (KPIs) to differentiate
Best-in-Class, and they averaged the following performances:
- 89% Overall Equipment Effectiveness (OEE)
- 96% On-Time Delivery (OTD)
- 97% plant throughput
- 95 % asset effectiveness
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"We launched a strategic
initiative for asset performance improvement two years ago focused on OEE
and Maintenance cost reduction among others. There is executive ownership to
each of these initiatives. This is considered a critical success factor in
our organization to improve performance. The plant maintenance processes
are standardized across the
sites with site specific
differences. The strategic goal
of improving OEE is focused on by both operation and
maintenance teams through
setup time reduction, increased reliability, etc. We measure our KPIs in
real time and the actionable intelligence is used by management and
department heads across the
organization to influence
decisions.”
~ Manufacturing,
Large Semiconductor Company
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