Streamline Assets

  • Asset mobility | VisionTree Ventures

Organizations need to put an end to running a business in batch mode and streamline complex workarounds for disconnected processes for successful digital Asset transformation. With both online and offline mobile access, organizations can ensure delivery of mission-critical support of assets without any interruptions or delays, leading to better performance and reliability across plants, fleets, networks, and the enterprise infrastructure.  It will also give maintenance technicians any time, anywhere access to the information they need to do their jobs, and their safety and productivity in the plant and the field will increase.

However, it is not as simple as it sounds on a reality check.  Enterprises are facing following four major challenges to offer such transformation benefits to their field technicians:

  • Asset Transparency: In the majority of the Organizations, the asset infrastructure is highly complex as assets have spread throughout multiple sites, divisions and data centers which are making it difficult to achieve a comprehensive view for critical information.  It results in poor visibility for asset delivery, storage, forecasting, and stock levels can all be easily missed besides delayed workflows, higher costs, unsatisfied customers and missing or misplaced goods.
  • Assets relevance to enterprise process needs: Traditional asset management system or asset registry approach doesn’t give clarity on co-relation of assets vis-à-vis enterprise process where they required to be utilized at multiple locations at the same time. For example, managers of safety and environmental procedures may have roles that cross existing asset management system boundaries. In this scenario, managing assets would require the ability to identify all the use cases and purposes applicable. It can be difficult as today’s asset management tools tend to be siloed to particular applications.
  • Leveraging assets with new business models: Oil & Gas and Utility providers are introducing new services and methods of delivery to their customers. New types of interconnected assets are finding their way into the distribution network as well as the home. Even customer service representatives are relying on enhanced information management capabilities to join asset monitoring and maintenance to customer demand planning. As a result, complex relationships that exist between these assets, the provider, the distribution network and the customer to enhance service monitoring and reliability.
  • Real-time asset performance expectation: Organizations are expecting real-time performance monitoring based on preventive and predictive maintenance planning for better Asset utilization

Such a decentralized approach affects efficient management of critical business processes. Additionally, asset managers may struggle with the new layers of asset complexity, their ecosystems, and their changing context and designation.

VisionTree solves these asset management challenges through SAP Master Data Governance solution as part of its SAP EAM Transformation service offering to help describe how assets relate functionally, perform and configure.  It is designed to overcome silos of systems, divisions, and processes to unite information in a way that supports improved decision making and allow businesses to easily collect, validate and cleanse asset data, grouping it into complex relationships.

Key Target Audience:  Asset Managers, Field Directors, Maintenance Planners, Maintenance Leaders, Engineering Leaders, Chief Information Officers, Chief Digital Officers

2019-06-10T12:15:17-05:00By |Categories: Assets Experience|Tags: |

About the Author:

More than 22 years of Professional Experience contributing to Enterprise Customers across 18 Countries in the position as Sales Director, Consulting Director, Management Consultant, CIO Advisory, Risk Management Expert & Strategic Investor.