SAP Intelligent Asset Management (SAP IAM)

What is Enterprise Asset Management (EAM)?

One of the most important decisions that an asset-intensive enterprise must make is how it manages and cares for assets (i.e. equipment, buildings, plants and machinery). Effective Enterprise Asset Management (EAM) maintenance strategies are crucial to maximize the return on assets, and this decision affects everyone in the organization, from plant operators to engineers to executives in the C-suite. Engineering Industries eXcellence partners with SAP to deliver the SAP Intelligent Asset Management (SAP IAM) solution portfolio, which enables industrial organizations to monitor assets, predict unexpected issues and operate at their fullest potential.

About SAP Intelligent Asset Management (SAP IAM)

SAP Intelligent Asset Management, or SAP IAM, is a set of solutions that provide a 360° view of asset management – bringing collaborative asset intelligence, planning, prediction and simulation capabilities to equipment maintenance and operations. SAP IAM helps enterprises:

• Achieve operational excellence;
• Access accurate, real-time information about asset performance;
• Predict potential asset problems before they occur;
• And empower workforces with the information needed to run operational processes smoothly.

The solution also enables asset performance visibility for all stakeholders with enhanced data and insights for better decision-making. Ultimately, the SAP IAM solution suite enables management of the entire lifecycle of physical assets in order to maximize asset health and performance.

Source: SAP Asset Manager

The SAP Intelligent Asset Management suite consists of four independent solutions:

• SAP Asset Intelligence Network (SAP AIN), which provides a global registry of equipment – built and shared among multiple business partners and used across the industry by all stakeholders. The network enables new collaborative business models resulting in true operational excellence.
• SAP Asset Strategy and Performance Management (SAP ASPM), which supports manufacturers and asset operators in defining, planning and monitoring the optimal service and maintenance strategy.
• SAP Predictive Asset Insights (SAP PAI), which replaces time-based maintenance of industrial assets with predictive and prescriptive maintenance. The solution optimizes the availability of assets by using predictive maintenance and service capabilities and the Industrial Internet of Things (IIoT) to take corrective actions early.
• SAP Asset Manager, which is a mobile application that provides online and offline access to context-rich visualizations and actionable insights to enable simple and timely execution of end-to-end Enterprise Asset Management processes.

Though separate, these solutions share a common asset repository called SAP Business Technology Platform (SAP BTP), which is the glue between everything in Intelligent Asset Management. This shared core delivers a new, simplified technical object structure that allows greater flexibility and better modeling of both simple and complex assets. Additionally, it is fully integrated into the SAP S/4HANA Maintenance and Service application which provides core back-office maintenance management processes.

Target Industries

• Aerospace, space and defense
• Automotive and heavy equipment
• Chemical manufacturing
• Consumer packaged goods (CPG)
• Energy and utilities industry
• Food and beverage manufacturing
• Industrial machinery and components
• Medical device industry
• Oil and gas industry
• Pharmaceuticals and life sciences

Features of SAP Intelligent Asset Management (SAP IAM)

• Connect assets to an intelligent network
• Collect and track equipment information in a central repository
• Collaborate throughout the asset lifecycle (operators-to-manufacturers)
• Gain real-time insights for asset performance and maintenance needs
• Support preventive asset maintenance strategies
• Combine sensor and business data, machine learning and simulation for asset optimization
• Manage cost, risk and asset performance throughout the complete asset lifecycle

Benefits of SAP Intelligent Asset Management (SAP IAM)

• Improve overall equipment performance
• Reduce unplanned downtime and maintenance costs
• Empower asset managers with support for integrated, optimized processes
• Increase safety and quality while optimizing asset performance
• Facilitate better collaboration within your organization and across the extended ecosystem

Engineering’s Expertise

The strategy which an organization employs to manage the performance and maintenance of infrastructure and assets plays a major role in the productivity and profitability of the business as a whole. For over a decade, Engineering Industries eXcellence’s team of experts has partnered with industrial organizations of all shapes and sizes and across all process and discrete sectors to help them identify and implement the most cost-effective Enterprise Asset Management strategies, technologies and solutions. As your implementation partner, our Asset Management specialists can leverage the power of the SAP Intelligent Asset Management suite to enable your business to optimize the entire lifecycle of its critical assets.

To read more about how you can increase productivity with Intelligent Asset Management, read our Guide.

Interested in speaking to one of our experts? Contact us at info@indx.com.