Digital technologies are having a profound impact on asset management operations. Internet of things, real -time analytics, machine learning, and enterprise mobility are enabling entirely new outcome based business models such as asset - as - a - service and are revolutionizing existing maintenance processes.
These technologies can help organizations optimize return on assets by helping them identify the right maintenance strategies, by prediction and simulation of operational problems, by ensuring safe operations, and by empowering field workforce with all the information required to execute maintenance activities. They are also making it easier for organizations to effectively manage projects that involve operations and maintenance of different types of assets.
With
SAP S/4HANA as the digital core and
SAP Leonardo solutions, organizations can build a strong foundation for operational excellence with a real-time integration between information and operational technologies. The SAP S/4HANA Asset Management solution enables organizations to manage their asset-related cost, risk, and performance holistically. It helps them plan, schedule, and execute all types of maintenance strategies from reactive to predictive maintenance. The solution also provides the ability to systematically reduce risk and improve worker safety with one common view of process risks related to workers, assets, or environment.
SAP Leonardo solutions, such as SAP Asset Intelligence Network, SAP Predictive Maintenance and Service and SAP Mobile Asset Management redefine asset management in the digital world. These solutions enable an organization to use sensor technologies and predictive analytics to improve asset health. The extensions also allow an organization to collaborate effectively with business partners by providing the ability to share asset information and insight with the ecosystem.
With the solutions, organizations can also leverage digital twin to accelerate innovation, optimize operating performance conditions, and enhance decision making, SAP Capital Portfolio and Project Management solutions extend the asset management operations by providing organizations the ability to strategize capital investments in new assets, evaluate the performance of their existing capital portfolio, and manage the entire lifecycle of projects from planning to execution with real-time monitoring.
SAP solutions support organizations to efficiently and sustainably manage the entire lifecycle of physical assets, resulting in better utilization of assets and reduction in costs.
Optimize capital expenditure with comprehensive portfolio
evaluation capabilities - Prioritize asset intensive projects that align with company strategy. Increase the percentage of capital projects that are completed on time and within budget by identifying project related issues in time and efficiently planning resources.
Reduce capital project administration cost with complete visibility into ongoing projects - Manage scope, timeline, and budget of capital projects in an integrated way. Track and report project-related data in an efficient manner.
Reduce asset service and maintenance cost with efficient maintenance planning and execution - Enable maintenance planners and technicians to effectively plan, schedule, and implement maintenance activities. Analyze maintenance activities in real time.
Reduce environment, health and safety risks with efficient handling of regulatory compliance and incidents - Develop one common view of process risks related to workers, assets, and the environment. Provide EH&S practitioners access to real-time data on compliance and safety. Efficiently record and analyze incidents.
Maximize return on assets with right maintenance strategy and higher asset reliability - Drive maximum value from field assets by identifying the optimal maintenance strategy, by transitioning from interval based maintenance strategy to predictive maintenance, and by closely
collaborating with partners throughout the asset lifecycle.
Reduce unplanned downtime or outages with integration of IoT technologies with asset management - Establish connection with field assets to remotely capture operational data, gain real-time visibility on asset health, and predict anomalies based on machine learning algorithms.
Improve maintenance team efficiency with work order management through mobile applications - Empower maintenance technicians with the right data at the right time. Provide access to information on asset location, repair histories, work order details, and material required through mobile applications.
Improve asset data accuracy and completeness with central management of asset master data governance - Maintain a single version of truth for all asset related data by integrating structured and unstructured data and by effective master data governance.
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