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.

5 results

  1. Why Asset Management Is Key to Sustainability

    Reading time: 1 min

    Using integrated systems for Asset Management provides an unprecedented opportunity to balance performance, cost, and risk in a way that leads to optimal outcomes promoting Sustainability. This requires full integration between Information Technology and Operational Technology, enabling a true, virtually distributed, continuously updated Digital Twin. Read this whitepaper to discover how solutions from the SAP…
  2. State of Supply Chains

    Understanding the Current and Future State of Supply Chains

    November 10, 2022

    Organizations need to understand the state of supply chains to detect bottlenecks, detect root cases and determine priorities. But the everchanging dynamics of planning, sales orders and inventory are constantly changing making it difficult. It’s important to know the current and future status of your supply chain to improve your supply chain KPIs. In this…
  3. Discover SAP’s Approach to Intelligent Asset Management: The Convergence of EAM and APM

    Please join us to understand how SAP supports your Industry 4.0 initiatives through the Intelligent Asset Management portfolio. Many companies historically have managed their equipment maintenance and work management processes through Enterprise Asset Management (EAM) systems. Today those processes and systems have grown, matching customer needs which have moved beyond solely managing the maintenance of…
  4. Take Asset Management Planning to the Next Level

    Reading time: 3 mins

    The requirements of ISO 55000 are growing increasingly important for organizations whose health depends on the health of their assets. They’re recognizing more and more that asset management is not just about keeping up with asset maintenance; rather, it’s about balancing cost, risk, and performance in order to tie asset strategy to the company’s overarching…
  5. Connecting Manufacturing, Products, and Assets

    Reading time: 9 mins

    The Internet of Things (IoT) grows more pervasive with every passing day. Data from smart appliances is now everywhere in the consumer world — and the manufacturing world is quickly following. SAPinsider recently sat down with Richard Howells, Global Vice President, Extended Supply Chain at SAP, and Thomas Ohnemus, Vice President, Solution Marketing at SAP,…