SOURCE: Aberdeen Group

Aberdeen Group

November 09, 2010 11:00 ET

The 2011 Asset Performance Management Research

Understand How Companies Minimize Downtime, Lower Maintenance Costs and Improve Operational Efficiency

BOSTON, MA--(Marketwire - November 9, 2010) -  Aberdeen, a Harte Hanks Company (NYSE: HHS), recently published their fourth annual report on Asset Performance Management. This year's study highlights the vision and the strategies of companies that are able to successfully optimize operations and maintenance processes with zero tolerance towards safety incidents. The report reveals the role software plays in providing the right information to the appropriate decision makers, resulting in long term business viability.

The results of the survey show that more than half of the total respondents view asset management as a high level strategic function, while a third view it as a mid-level function. The growing impact of asset management processes on organizations' bottom line as well as on the safety of plant and employees has certainly elevated the importance and the criticality of this function in the eyes of senior management.

Aberdeen used the following four key performance criteria to distinguish the top performers from the rest of the industry. These leaders were able to achieve the following results:

  • 91% Overall Equipment Effectiveness (OEE)
  •  3% unscheduled asset downtime
  •  8% reduction in maintenance cost year over year
  • Over achieve return on assets targets by +11%

"While the capital and operational budgets are still frozen in a majority of the industries, companies are taking an innovative approach to get more out of their existing asset base while ensuring the safety of their plant, people, equipment and environment," explains Mehul Shah, research analyst, Aberdeen. "The report includes case studies of companies such as Scottish Power and Arch Coal and also reveals the trends that are industry specific. Readers can use this report to understand the lessons learned from the top performers while avoiding the pain points and obstacles encountered by their peers."

A complimentary copy of this report is made available due in part by the following underwriters: AssetPoint, Mincom and Ivara. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=6741&camp=2.

Find out where your company's asset performance management capabilities rank among the top performing companies. Take our The Role of Software in Asset Performance Management Assessment Tool: http://assessment.aberdeen.com/7cXBpR9rfp/index.aspx

Visit Aberdeen.com for additional access to complimentary Manufacturing Research.

About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.

As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 854-5200, or to learn more about Harte-Hanks, call (800) 456-9748.

(C) 2010 Aberdeen Group, Inc., a Harte-Hanks Company
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Telephone: (617) 854-5200
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www.aberdeen.com