Glossary Term:
Asset Performance Management

A system that monitors and analyzes the contribution of plant, equipment and parts to an organization's overall production and margins. APM goes beyond simple accounting for the market or depreciated value of assets, and looks instead to maximize value through increased reliability and availability, while reducing unnecessary maintenance and mitigating risk from failure. "Asset Tracking," by contrast, typically refers to the location of inventory items.

See Also:

Content © 2012-2017. All Rights Reserved.

Powered by T.O.W.E.R.S. IoTGuide, ThingManager, thingguide and thngguide are service marks. The internetofthingsguide.com domain name is used under license.