May 2004

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HP Integration Strategies: Optimizing asset effectiveness through performance monitoring

For enterprises in the process industries, the value-added in manufacturing happens to be the cornerstone of business performance. As such, optimizing asset effectiveness is at the forefront of today'..

Fiske, T., ARC Advisory Group

For enterprises in the process industries, the value-added in manufacturing happens to be the cornerstone of business performance. As such, optimizing asset effectiveness is at the forefront of today's performance-driven enterprise. However, alterations in equipment configuration, equipment degradation, and changes in business priorities and market demand all conspire to degrade performance. To improve business performance, operational decisions must be based on real-time performance monitoring that aligns with optimizing assets. Real-time performance management (RPM) is an integral part of an overall methodology for driving a business toward optimal asset and business performance whil

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