When organizations ensure that their high-value assets operate the way they are designed to, costs are reduced, business value is optimized, and ROI is achieved. The process begins when enterprises pick up the mantle and commit to managing their production plants, capital equipment, buildings, vehicle fleets and other physical assets throughout the lifetime of the asset.
Unless we rise to the challenge, how do we know with any degree of certainty whether our assets are operating at optimal efficiency and peak performance? How do we foresee when it is time to dispatch repair to replace a part that is on the verge of malfunctioning or know when improperly operating equipment is about to shut down a portion of the supply chain or affect workers’ health? And how do we move confidently and knowledgeably to driving better ROI?
For many industries—particularly those that heavily rely on expensive physical assets—the answer is utilizing the functionality of SAP Enterprise Asset Management (EAM). The value proposition of EAM is this: organizations that efficiently manage the entire asset lifecycle by incorporating real-time visibility and powerful analytics into asset performance will achieve levels of ROI previously not experienced. Through SAP EAM, we are empowered to optimize the use of these assets to obtain optimal efficiency, safe operations, and financial payback.