Asset strategy management is a game-changing solution that ARMS Reliability brings to the table. Unlike most other companies in this field, ARMS Reliability does not just provide EAM solutions. They develop data-driven strategies that can boost the performance of industrial equipment and ensure that these strategies are implemented in a robust and consistent manner. Further, the company ensures that these strategies can continuously evolve by using a comprehensive review and approval system to authorize all modifications. Initially, the company supported the decision-making process for their clients using model simulations and data analytics. However, observing that it is becoming increasingly difficult to implement and sustain new strategies, ARMS has developed a proprietary enterprise-level technical solution, OnePM®, to effectively manage the implementation of asset strategies across any industry.
The real value of this software, however, is its ability to support the continuous development of strategies to deliver a step change in asset performance
“Industries across different verticals face many similar challenges when it comes to asset management,” explains Apps. For example, two typical ARMS’ clients, an oil and gas and a mining company, had the same strategy development workflow. These companies did not have a team or process to continuously develop and monitor asset management strategies; rather they would form ad-hoc project teams that were responsible only till the point of implementation in the EAM. Leveraging ARMS’ technology, these companies can now continuously monitor each strategy and identify areas of improvement in a real-time manner. By implementing the most optimum strategy and maintaining the balance between risk, cost, and performance, clients benefit from substantial returns on their investment through an improvement on the bottom line.
While most other players in the market either provide technical solutions, consulting services, or staff support and education, ARMS one of the only organizations that is unique by offering all three facets of asset management delivery. They are at the helm of technological innovation and are developing tools to automate strategy improvement. With their utmost dedication toward developing data-driven strategies and focus on sustaining them, ARMS is redefining the meaning of reliability in the asset management space.