Don't miss MaximoWorld 2024, the premier conference on AI for asset management!

Experience the future of asset management with cutting-edge AI at MaximoWorld 2024.

Sign Up

Please use your business email address if applicable

Schneider Electric Extends Enterprise APM Offering through New Partnership with MaxGrip

Collaboration of domain and OT/IT expertise to help customers define and execute APM strategies for maximum return on assets

Schneider Electric, the leader in digital transformation of energy management and automation, today announced a new partnership with MaxGrip that will enable a more comprehensive asset lifecycle management offering that includes assessment services and risk-based maintenance capabilities. This expanded offering will be available as part of Schneider Electric’s Enterprise Asset Performance Management (APM) solution.

“Conflicting priorities can hamper an organization’s asset management efforts. A successful asset performance management program requires a disciplined approach to technology implementation, effective work processes, and an empowered workforce,” stated Paula Hollywood, Senior Analyst, ARC Advisory Group. “A fact-based risk assessment by an impartial third party can mitigate any conflicts to ensure appropriate technology selection, and to develop work processes based on industry best practices that empowers people to make decisions that deliver value in support of organizational goals and objectives.”

Schneider Electric’s expanded APM assessment delivers a comprehensive view of asset health as a first step of an asset reliability strategy that takes into account business context to benchmark current performance and identify areas for improvement. Expert consultants will address a number of key areas of evaluation such as HSE (health, safety and environment), cost control, resource allocation, use of OT/IT systems and asset utilization. These insights will be translated into a pragmatic action plan to optimize production and improve margins while ensuring regulatory compliance.
“APM assessments are derived from our extensive consulting experience and software offerings. Our services focus on defining and executing risk-based APM strategies using industry best practices ,” said Ronald de Kok, Vice President of Marketing and Sales at MaxGrip, “Our partnership enables the use of OT and IT systems in order to improve asset performance and to increase levels of confidence.”

As a result of this partnership, Schneider Electric can offer enhanced APM capabilities that allow customers to better strategize and optimize maintenance execution according to asset criticality for optimal business results. Risk analysis, what if analysis and asset management strategic review can provide detailed insight into asset reliability and performance, facilitating long-term strategic planning. Users can optimize operations by eliminating reoccurring incidents with root cause analysis, inventory management and strategy simulations to identify hidden inefficiency and drive value across the enterprise. An extensive library of asset reliability data and templates allows up to 90% faster time to deployment.

“Adding risk-based reliability to our Enterprise APM portfolio lets us deliver a more comprehensive offering where the impact can be seen not just at the plant level, but at the highest levels of the enterprise,” said Rob McGreevy, Vice President of Information, Asset Management and Operations at Schneider Electric. “With this addition to our Enterprise APM portfolio, we have the most comprehensive platform, technology and industry expertise to help our customers maximize their return on assets and investment.”

Learn more about Schneider Electric’s enterprise APM solutions here:

ChatGPT with
Find Your Answers Fast