Managing the Operate & Maintain asset lifecycle phase remains a major
challenge for manufacturers and other asset intensive organizations. Assets
are expected to generate their returns and justify the investment decision
during this phase. Disruptions to effective asset use limit returns, extend
payback periods and, in many cases, impact corporate bottom lines and
customer/supplier relations. Despite the importance of high asset performance,
maintenance budgets are frequent targets of
cost cutting initiatives. Balancing performance requirements
against budget constraints is a daily challenge for
asset managers that demands close coordination between
operating and maintenance organizations.
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