SAP Asset Management


What is Enterprise Asset Management?

 Enterprise asset management (EAM) focuses on managing the maintenance of an organization’s physical assets throughout their lifecycle. Technology now plays a greater and more critical role in this endeavor as asset downtime can lead to significant revenue and brand repercussions.

SAP Intelligent Asset Management

SAP offers SAP Intelligent Asset Management, a group of solutions that “enable an organization to use sensor technologies and predictive analytics to improve asset health.” The four solutions and some of their capabilities include:

What is Enterprise Asset Management?

 Enterprise asset management (EAM) focuses on managing the maintenance of an organization’s physical assets throughout their lifecycle. Technology now plays a greater and more critical role in this endeavor as asset downtime can lead to significant revenue and brand repercussions.

SAP Intelligent Asset Management

SAP offers SAP Intelligent Asset Management, a group of solutions that “enable an organization to use sensor technologies and predictive analytics to improve asset health.” The four solutions and some of their capabilities include:

  • SAP Asset Intelligence Network

            — Collaborative EAM

            — Automated equipment tracking

  • SAP Predictive Asset Insights

            — 360-degree view of assets

            — Advanced predictive analytics

  • SAP Mobile Asset Management

            — Work order management

            — Cloud-based deployment

  • SAP Asset Strategy and Performance Management

            — Asset information management

            — Failure modes and effects analysis

Apply Industry 4.0 technologies for advanced enterprise asset management execution. Sources cite the increased use of artificial intelligence and machine learning in EAM applications to better automate and predict maintenance events. Through data analysis, companies can glean predictions and recommendations that provide greater insights for EAM decision making. Through the use of the cloud, companies can more accurately track their assets and assess their conditions in real time.

Consider vendor consignment for your EAM spare parts procurement strategy. Vendor consignment enables an organization to hold inventory in its warehouse without paying the vendor until it’s consumed. What are the advantages of this strategy? In the case of spare parts for physical assets, it allows for a reduction in the company’s own inventory stock while creating fewer steps in the procure-to-pay process. Read this articleto gain a full understanding of setting up vendor consignment as part of EAM for spare parts in SAP ERP Central Component (SAP ECC).

Implement a robust EAM strategy for fleet maintenance to ensure availability and reliability. For many companies, fleet management is critical for servicing customers and meeting their expectations. For example, SBB AG, the national railway company of Switzerland, required a powerful solution to optimize the maintenance of its rail fleet. The company implemented SAP’s Intelligent Asset Management solutions that enabled real-time monitoring of tracks and rail cars for a “reliability centered” approach to its maintenance process.

16 results

  1. Remove Friction From Your Source-To-Pay Process

    July 09, 2024

    Procurement, supply chain, and finance teams across many organizations struggle with processes that span disparate ERP systems, point solutions, spreadsheets, and emails. This often forces procurement teams to deal with multiple sources of truth, limited visibility, and siloed team efforts. But with a single experience across sourcing, procurement, and finance systems, companies can transform their…

  2. Mobile Maintenance at Evonik

    Reading time: 1 mins

    Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers.

  3. Transforming Asset Management in Air Traffic Control Infrastructures

    Reading time: 1 mins

    DFS Deutsche Flugsicherung GmbH, the German air navigation service provider, is a state-owned company under private law with 5,600 employees as of 31 December 2021. DFS ensures the safe and punctual flow of air traffic over Germany. Around 2,200 air traffic controllers guide more than three million flights through German airspace in peak years, up…

  4. The Differences in Permitting and Safety Lexicon by Region

    Reading time: 5 mins

    If you’re a global company with facilities in different countries and regions, you already know that there are different lexical differences in discussing health and safety in various places around the world.

  5. ERP Enterprise Resource image

    Maximizing the Value of Assets Across their Lifecycle with Rizing

    Reading time: 3 mins

    Organizations often face challenges with their SAP EAM solutions, such as poorly defined or implemented processes, ambiguous roles, lack of comprehensive training, inaccurate reports, low-quality data, and a complex user interface. These issues hinder the full realization of SAP EAM benefits and advancement into Intelligent Asset Management. Rizing enhances asset management through reliability-centered, condition-based, and…

  6. Closed-Loop Asset Management with SAP: Increase Uptime, Reduce Cost, and Improve Asset Performance by Learning from Work Execution

    Understand how SAP has re-engineered its Intelligent Asset Management solutions to enable a closed-loop process, which directly links your maintenance strategy from asset criticality assessment with maintenance planning and work execution – and enables you to apply learnings from your work execution to improve your asset strategies. This content is for SAPinsider Monthly Subscription, SAPinsider…

  7. Achieving Asset Management Excellence through an Integrated Platform

    Discover how using an integrated, scalable platform (with standard functions like planning and scheduling to more advanced functions like predictive analytics) can help with change management and user adoption to progress your asset management state from reactive to proactive. This content is for SAPinsider Monthly Subscription, SAPinsider Annual Subscription, and SAPinsider Premium Annual Subscription members…

  8. The APM Journey a Story of What it Takes to Move from Time Based to Condition Based Maintenance - It’s Different than you Think!

    The culmination of Graham’s career, this address will leave the audience wanting more after learning the why. And with Dieter Haesslein – SAP’s head of Development: EAM, along for the ride to close out the session. This content is for SAPinsider Monthly Subscription, SAPinsider Annual Subscription, and SAPinsider Premium Annual Subscription members only.Log In Join…

  9. Asset Management

    Transforming to Intelligent Asset Management with SAP Solutions

    Reading time: 3 mins

    Asset-intensive industries need to deliver on driving safe operations, minimizing costs, and maximizing productivity. But to consistently achieve these objectives, organizations must adopt a more comprehensive approach to Asset Management by enhancing collaboration with suppliers, customers, and service providers for better cooperation and coordination, streamlining asset maintenance processes, shifting from cyclical to predictive and intelligence-driven…

  10. Uncovering the Hidden Gems – Functionality in EAM, You don’t Know You Have from EAM 2022

    SAP is continually improving their content. One of the SAP programs where improvements are identified is from the SAP Customer Influence/connect program. The thing is, does the average user know what this program has delivered? Probably not. In this presentation we will look at some of new Business Functionality delivered by this program throughout the…