Enterprise Asset Management

SAP Solution BriefSAP Service and Asset Management ENTERPRISE ASSET MANAGEMENT
MAXIMIZE RETURN ON ASSETS
WITH AN END-TO-END SOLUTION
What is your strategy for maximizing return on enter-prise assets? You must re-duce costs, manage capital Gaining Competitive Advantage mizing business processes throughout expenditures, and improve with Integrated Asset Management the asset life cycle. A collaborative and integrated approach to enterprise asset asset utilization and mainte- These are challenging times for com- management can yield significant sav-nance. The SAP® Service panies in capital-intensive industries, ings and improve the operational perfor-especially discrete, process, and ser- mance of your asset investments. This and Asset Management so- vice industries. These companies re- new approach spans all phases of the lution can help, providing quire large up-front investments. While asset life cycle - investment planning, the opportunity for economy does exist specification, design, asset construc-end-to-end, integrated func- after start-up, the level of financial com- tion, operations and maintenance, and, tionality for complete enter- mitment remains high because of the ultimately, decommission and disposal.depreciation, maintenance, and upgrade prise asset management. of fixed assets. Experts estimate that Driving Profits Through maintenance costs in these industries - Maintenance Excellencewhich can represent 20% to 40% of 1operating costs - have risen an aver- Are your physical and production assets age of 10% to 15% per year since underperforming? Do you spend too 21979. These experts state that up to much time reacting to maintenance one-third of the now over US$1 trillion events or coordinating information spent annually for maintenance may across departments instead of proac-3actually be wasted. tively managing equipment uptime? Do you see an opportunity for a positive im-Companies are under increasing pres- pact on the bottom line if you could just sure to reduce costs, meet tougher per- improve your asset management formance and production targets, com- processes?ply with regulatory requirements, and maximize return on assets. Those with If your answers are "yes," it may be vision are looking for opportunities to time to look at asset management in a reduce the cost of maintaining their as- more holistic and collaborative business sets and to improve the performance context. Like many other companies, and extend the life of those assets. To you can drive profits by balancing per-accomplish this, they want to speed up formance, risk, and cost to achieve information and decision making and asset management excellence and opti-gain a competitive advantage by opti- mum return on your asset investments.
1. I BM Business Consulting Services (previously PricewaterhouseCoopers).2. Terry Wireman, Benchmarking Best Practices in Maintenance Management.3. Ibid.enterprise asset management. The solu- growth, manage investments, enable tion gives asset owners and operators, collaborative engineering for specifica-You can drive profits by asset service providers, and all parties tion and design, and enable collabora-balancing performance, involved in the asset service network tive project management.visibility into real-time, real-world risk, and cost to awareness of asset performance and Procurement and Asset Construction, achieve asset manage- maintenance issues. Real-world aware- Installation, and Implementationness, in turn, enables proactive re- The software gives you support for ment excellence and sponse to and rapid correction of con- procurement and asset construction, optimum return on your cerns or problems. installation, and implementation, which can help you more effectively select asset investments. With the SAP solution, you can man- qualified suppliers and candidates. You age physical assets - production gain support for managing the bidding plants, capital equipment, vehicle process and handling contracts. The Many companies of the following fleets, and facility complexes - over the software helps you manage collabora-asset-intensive industries already entire life cycle of the asset. In conjunc- tive projects, collaborative engineering benefit from this collaborative and tion with its powerful reporting and for change management, and informa-holistic approach of enterprise asset analysis functionality, the SAP software tion and docu... [download for more]