In highly competitive markets constrained by rules for occupational environmental, health and safety regulations, asset-intensive industries are facing tough operation realities and dealing with high value facilities and equipment where each failure is disruptive and costly.
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In addition, these organizations must deal with optimal availability, reliability and operational safety of plants, equipments, facilities and other assets in order to preserve the organization’s competitiveness. In this sense, asset-intensive industries must improve their physical asset management processes in order to remain competitive in today’s global economy.
Asset management activities are taking a fundamental turn with organizations moving from historical reactive models and beginning to embrace whole life planning, life cycle costing, planned and proactive maintenance and other industry best practices. Management of physical assets (their selection, maintenance, inspection and renewal) plays a key role in determining the operational performance and profitability.
Enterprise Asset Management (EAM) concepts were embraced in order to optimize whole life management of physical assets to maximize value. They cover such things as the design, construction, commissioning, operations, maintenance and decommissioning/replacement of plant, equipment and facilities.
By using the full concept of EAM aligned with a geographical approach, Utility companies can improve utilization and performance, reduce capital costs, reduce asset-related operating costs, extend asset life and subsequently improve ROA (return on assets).
Large organizations look to SAP to be their center of information on which their business operates. However, organizations in asset and work intensive industries are faced with a big challenge. Their financial (asset and work information) and work planning information are in SAP but their execution system, GIS, manages this same work and asset information very differently.
This disparity leads to:
• Break downs in communication
• Lack of data integrity
• Misrepresentation of financial information
• Loss of productivity
• Higher cost operations
• Degradation of service quality to customers
• Latency of up to date information
Organizations look to solve these issues with an interface; however a deeper coupling of these systems is needed to achieve their goals of:
• Compliance adherence
• Increased revenues through productivity and visibility gains
• Reduced operational costs through streamlined
communication and business processes
GISConneX Packaged Integration provides organizations with unique benefits and advantages in meeting their key objectives:
• A quick time to value
• The required depth and breadth of functionality
• A solution that is upgradeable as infrastructure and
business processes evolve
• A more economical total cost of ownership when
compared to alternative approaches such as
custom-developed interfaces.
