Effective asset management involves a careful balance among cost, risk, and performance to extract maximum value from assets. It requires more than sticking to a rigid preventative maintenance plan. Historically, organizations relied on external, unconnected systems to monitor asset performance and identify the optimal maintenance strategy. However, the landscape has evolved. Organizations now leverage operational data from assets to assess their condition and plan maintenance activities to preempt potential failures. Present-day solutions like SAP Enterprise Asset Management (EAM) systems enable comprehensive lifecycle asset management, engaging not only maintenance and operations personnel but also those in finance, production, compliance, and at the executive level. Their integrated approach allows industries with intensive asset needs to manage their assets more effectively from procurement to disposal, ensuring peak performance and adherence to regulatory standards.

However, organizations often encounter various challenges with their SAP EAM solutions, including processes that are either poorly defined or implemented, ambiguous roles or responsibilities, lack of comprehensive system training for employees, inaccurate or misleading reports, distrust in the system stemming from low-quality data, and user frustration due to a complex interface. These challenges often prevent organizations from fully realizing the benefits of their SAP EAM investments. Additionally, such issues prevent these organizations from advancing their SAP usage into the realm of Intelligent Asset Management.

Rizing's approach to asset management is significantly advanced through the implementation of reliability-centered, condition-based, and predictive maintenance methodologies. The company's Enterprise Asset Management (EAM) solutions enable rapid synchronization of large transaction volumes between SAP and various project planning systems, which accelerates decision-making process and substantially improves the project efficiency.

Leveraging extensive industry expertise and in-depth knowledge of EAM software, Rizing identifies opportunities for substantial enhancement and supports the deployment of effective asset management strategies. These strategies play a crucial role in mitigating unscheduled downtime, maintaining rigorous maintenance schedules, improving asset reliability, and ensuring uninterrupted operations across diverse scenarios.

Organizations seeking to streamline their asset management endeavors, enhance system synchronization, and meticulously manage asset data throughout its lifecycle can benefit significantly from Rizing’s suite of solutions that includes:

Carbon: Enables rapid decision making and superior project transparency and performance with synchronization of large transaction volumes between SAP and project planning systems

Hydrogen: Achieve efficiencies in supporting maintenance and supply chain activities and data collection across devices, online or offline.

Mercury: Accelerate, standardize and simplify asset management processes with bidirectional synchronization of SAP and enterprise Geographic Information Systems (GIS).

OmniSpatial: Powerful offline data collection or updates for asset assessments by location. Pictures, video, audio or text media can be synchronized back to the source systems.

Other solutions such as Simple Date Manager, Simple Print, and Lyra ICP allow for comprehensive gap analyses to address retiring workforce challenges and skill requirements, the capability to determine efficient asset utilization through intelligent peak demand and capacity planning, and provide seamless integration between existing Human Capital Management (HCM) and EAM data, ensuring a cohesive and efficient operational framework.

By harnessing the capabilities of the SAP Business Technology Platform (BTP), Rizing also manages fundamental challenges inherent in asset-heavy industries. The company not only utilizes the sophisticated functionalities provided by SAP but also integrates its extensive expertise in maintenance and reliability specific to these sectors. The company also collaborates with organizations employing various EAM software solutions, as well as those yet to select their software. Their team of specialists evaluates the existing maintenance and reliability workflows and refines practices by assessing the current condition of maintenance organization and benchmarking it against established best practices. Rizing’s Asset Management Health Check also gives organizations a clear idea of their asset management process effectiveness and ensures the long-term health of assets.