How to Manage Digital Assets in Perfect Harmony
Challenges of Plant Maintenance & Asset Visibility
It’s no secret that companies strive to meet competitive and customer demands, meaning they must make their assets, resources and teams work smarter. Connecting workforces, whether they are in the field or on the shop floor, with a single source of information is critical to achieve effective Asset Management. With separate technology systems, it can be a challenge to get a clear picture of your end-to-end operations and business needs.
Strategic Asset Management solutions enable end-to-end visibility of your assets and workforce tasks, so you have the right data to make smarter decisions about where to allocate your resources. Engineering Industries eXcellence provides three main areas of expertise: Management, Maintenance and Field Service Scheduling. With the right tools in place, asset management, mobile solutions and resource scheduling take the complexity out of your hands and into client-supported solutions.
Accelerate Operations in Real Time
Minimizing machine breakdowns by enabling proactive maintenance is important for the life of an asset or machine. Research shows that 80% of of employees waste an average of 30 minutes per day retrieving information that Asset Management solutions could solve. By neglecting preventative maintenance and facing other challenges like preserving infrastructure, high costs, maintaining efficiency, tracking tasks, safety and optimizing resources, teams are bound to face daily bottlenecks. Asset management plays an increasing role in companies’ strategies to maximize return on assets by ensuring asset uptime and control costs.
Choosing suitable maintenance strategies is crucial given successful asset management solutions follow latest guidelines of ISO 55001, which consistently maximizes the return on assets. With a new wave of technologies opening opportunities to tackle problems and change old habits, SAP Intelligent Asset Management (SAP IAM) provides a digital approach to collaboration through the sharing of information to drive smarter decisions, improve asset reliability and gain maximum value.
Asset Management Solutions
- Service & Asset Manager
- Plant Maintenance & Customer Service
- Resource Scheduling
- Asset Performance Management
- Asset Strategy & Planning
- Predictive Maintenance
- Asset Intelligence Network
- Field Service Management
Asset Management Benefits
- Decrease unforeseen machine breakdowns
- Accelerate the overall return on assets
- Improve maintenance spending for cost savings
- Prevent failures by up to 90%
- Boost asset visibility
- Reduce downtime and production delays
- 50% less preparation for work orders
- Increase labor productivity
- Reduce safety incidents to near zero
- Increase work capacity
- Maintain work order scheduling
The Power of the Digital Twin
Engineering Industries eXcellence brings extensive technical experience to the discrete manufacturing, oil, gas, chemical and utility fields. One of the best ways to stay ahead of competitors is to implement the Digital Twin and bring your processes into the digital world. The power of digital simulation models means you are no longer tied to your desk with pen and paper and can manage operations in real-time with live insights and monitoring. With simplified functions and mobile capabilities at your fingertips, you can achieve more streamlined production processes, predictive maintenance and unified decision-making.
The Future of Asset Management
In recent years, companies have reported a nearly 30% decrease in maintenance costs and rise in overall production. As the industry shifts toward accepting the move to Industry 4.0, control, uptime and reduced downtime are a few of the biggest factors in reaching success. The future remains bright for companies establishing a strong Asset Management strategy as they learn to prioritize proactive planning, automation and end-to-end system harmonization.
