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OESuite® Asset Management (AM) Software
OESuite® Asset Management (AM) Software
OESuite® Asset Management (AM) software helps organizations reach their production, profit, environmental, safety, and risk management goals with one integrated platform. This software is designed for high-risk industries that require improved enterprise risk management, enhanced compliance assurance, stronger operational discipline, and effective decision support at the point of work execution.OESuite® Asset Management Software Overview
How Does OESuite® Improve Asset Management?
OESuite® improves asset management by breaking down disparate systems and information silos to provide the operational decision support needed for proactive asset performance management throughout the asset lifecycle. OESuite® also improves asset performance enterprise-wide by:
- Increasing mobility to drive faster work processes, data delivery, and improve resource utilization
- Enhancing compliance assurance, capital effectiveness, wrench time, and equipment uptime
- Reducing safety incidents, energy use, emissions, inspection costs, emergency repairs, and losses of containment
- Minimizing equipment outages, downtime, and lost production
- Improving planning, analytics, insights, competency, resilience, and reliability
The OESuite® Asset Management (AM) Framework is a comprehensive, interoperable, ISO-compliant, industry-proven set of software modules to deliver improved asset health, asset performance management, and asset lifecycle outcomes.
What Are the Benefits of an Integrated APM Software Platform?
At Operational Sustainability®, we’ve seen direct benefits of an integrated APM software platform:
- 3-10% enhanced equipment uptime
- 5-15% increased equipment life
- 3-12% increased return on assets
- 1-2 years extended equipment run time
- 20-30% reduction in losses of primary containment
The OESuite® Asset Performance Management (APM) Solution delivers ISO- and API-compliant outcomes and results.
Why Does Interoperability Matter for Asset Performance Management?
Interoperability matters because higher-quality data gathering and integrated analysis at the point of work enable quicker decisions on the shop floor, improving profitability over an asset’s lifecycle. By utilizing an enterprise software platform like OESuite®, organizations can build a single source of truth that bridges data silos and consolidates critical data into actionable insights.
What Industries Need Asset Performance Management Software?
The industries that benefit most from APM software are oil and gas, mining, chemical processing, petrochemical, power generation, water / wastewater, and tanks and terminals, as OESuite® holistically addresses asset management risks, regulatory requirements, workflows, and operational challenges.
- Risk – OESuite® holistically addresses risk by determining suitable study types and strategies through analysis of asset criticality and assessment of financial and area risks, providing a comprehensive risk view over time and aiding resource focus.
- Regulatory Requirements – OESuite® was purpose-built to determine PSM-covered equipment subject to compliance with 29 CFR 1910.119 (j).
- Workflows – OESuite® is a comprehensive closed-loop workflow that spans from developing a strategy to managing and executing it to evaluating it.
- Operational Challenges – OESuite® features an interoperable framework where solutions and modules communicate to consolidate safety, operational, and maintenance data, guide activities, and update strategies based on current conditions.
- Continuous Improvement – As equipment failures occur, OESuite® appraises the asset strategy. Similarly, as loss of containment occurs, the inspection plan in the inspection module changes.
Frequently Asked Asset Management Questions
- What sets OESuite® apart from other asset management solutions?
OESuite® provides a connected, interoperable approach to asset performance. With a single source of truth and seamless integration across supporting work processes, OESuite® enables faster execution, better decision-making, and greater operational efficiency by streamlining implementation and empowering teams at the point of work, at every level of the organization. For more information, view our Key Concepts in Asset Management brochure. - How does Asset Management support asset performance?
Asset Management supports asset performance by defining operating objectives for assets based on ISO 55000 through a three-step process—strategize, execute, and evaluate. For more information, .
- How does Asset Performance Management technical content shorten time to value?
Asset Performance Management technical content shortens time to value by providing rich, industry-centric content needed for prescriptive compliance and proactive asset management, transforming reactive firefighting into proactive planning and data-driven decision-making. For more information, visit our Technical Content page. - Does OESuite® offer mobile Asset Management (AM) applications?
Yes. OESuite® offers multiple mobile-enabled Asset Management software modules that are user-friendly and device-independent, empowering maintenance and inspection personnel to take readings or photos in the field, execute tasks, pull tags and review trends, and isolate equipment. For more information, view our OESuite® Mobile Applications brochure. - Can OESuite® integrate with or connect to existing systems?
Yes. OESuite® offers a set of pre-built connectors to integrate with existing systems, including SAP, Maximo, Octave, and J.D. Edwards, enabling technical interoperability between your system and OESuite® modules. For more information, view our OESuite® Connectors page. - What asset management consulting services does Operational Sustainability® offer?
Operational Sustainability® offers comprehensive consulting services to enable your organization to prioritize work, detect threats, prevent failures, enhance asset integrity, maximize performance, and evaluate strategies based on a true picture of enterprise-wide asset criticality. For more information, connect with our team. - Why is an asset strategy important?
An asset strategy is important because it helps maximize the value of physical assets throughout their lifecycle. By defining the right approach to design, operation, inspection, maintenance, and replacement, organizations can improve reliability, increase availability, reduce costs, and more. For more information, view our OESuite® Asset Strategy Management Module brochure. - How does OESuite® help organizations minimize overall asset lifecycle cost?
OESuite® helps organizations minimize overall asset lifecycle cost through the Asset Analysis Module’s Lifecycle Cost Analysis view, which ensures the most valuable recommendations are approved and implemented, based on real-time, specific data from your facility’s assets. For more information, view our OESuite® Asset Analysis Module brochure. - How does OESuite® support a strong asset health program?
OESuite® supports a strong asset health program by synthesizing asset data sources into asset health information, providing actionable intelligence for asset management to extend asset life and plan maintenance and inspection actions to minimize operational impact. For more information, view our OESuite® Asset Health Module brochure. - How does OESuite® identify assets contributing to lost profits?
OESuite® identifies assets that contribute to lost profits through the Failure Elimination Solution, which identifies root causes of failure and weeds out bad actors in the organization to better manage risk, reduce human error, and improve reliability. As failures occur, the Production Loss Analysis (PLA) module measures the actual financial and operational impact of downtime to target focus areas that maximize Overall Equipment Effectiveness (OEE) and profitability. For more information, view our OESuite® Failure Elimination Solution brochure.