SAP Asset Tracking

Asset Tracking is the practice of understanding all the physical assets that a company has and tracking them. Examples of physical assets are generators, vehicles, computers, or other equipment. Most often this is done by a GPS tracking system, a bar code scanner or a RFID (radio-frequency identification device). Asset tracking is a good practice for all businesses, but it is becoming a necessity in some industries.

SAP asset tracking is part of Enterprise Asset Management with SAP Business Network for Asset Tracking. It is a centralized cloud-based hub using the Internet of Things (IoT) for an automated tracking solution. Asset performance is optimized by collecting, sharing, and tracking equipment usage information across a network, for collective asset management among business partners.

Key Capabilities of SAP Business Network for Asset Tracking include:

• Cloud based deployment: The cloud has minimal IT costs, low maintenance, and security management.
• Integration with SAP solutions: Ability to connect with other SAP solutions like SAP S/4HANA.
• Intuitive user experience. Simplifies the user experience by the SAP Fiori user experience.
• Collaborative partner relationships. Business partners have free basic membership to collaborate.
• Digital vehicle hub. Across the automotive and mobility value chain, you can enable new monetization streams.

Asset Tracking is the practice of understanding all the physical assets that a company has and tracking them. Examples of physical assets are generators, vehicles, computers, or other equipment. Most often this is done by a GPS tracking system, a bar code scanner or a RFID (radio-frequency identification device). Asset tracking is a good practice for all businesses, but it is becoming a necessity in some industries.

SAP asset tracking is part of Enterprise Asset Management with SAP Business Network for Asset Tracking. It is a centralized cloud-based hub using the Internet of Things (IoT) for an automated tracking solution. Asset performance is optimized by collecting, sharing, and tracking equipment usage information across a network, for collective asset management among business partners.

Key Capabilities of SAP Business Network for Asset Tracking include:

• Cloud based deployment: The cloud has minimal IT costs, low maintenance, and security management.
• Integration with SAP solutions: Ability to connect with other SAP solutions like SAP S/4HANA.
• Intuitive user experience. Simplifies the user experience by the SAP Fiori user experience.
• Collaborative partner relationships. Business partners have free basic membership to collaborate.
• Digital vehicle hub. Across the automotive and mobility value chain, you can enable new monetization streams.

By monitoring the condition of their assets, companies learn when an upgrade or replacement is needed to maintain productivity and have a competitive advantage. Asset tracking helps companies find better, more efficient ways of doing things. It integrates all the tracking into one interface, eliminating manual paperwork or spreadsheets.

Benefits of SAP Business Network for Asset Tracking are:

• Collaborative asset management. Enables the ability to share best practices of optimal management.
• Asset Management all in one place. A single repository for equipment information to enable effective management and customer service.
• Exchange asset performance feedback. Ability to connect with manufacturers, operators, or service providers to share performance analytics.

Vendors partners for asset management are: Movilitas, SAP, Precisely, Prospecta Software

Key Considerations for SAPinsiders:

• Capital Expenditure Management with SAP Fiori. Read the case study on how an integrated suite of SAP Fiori Apps can manage your capital expenditure from an annual budget through expenditure requests, projects, and asset capital management. The eBook shows common CAPEX challenges from companies and how SAP Fiori is a great platform for digitalization.
• Take Asset Management Planning to the Next Level. Read the article about how companies are realizing that asset management is not just about keeping up with assets. It is about balancing cost, risk, and performance to meet the company’s overall objectives. Discover how to bring advanced and strategic views of asset management to your organization.
• Connecting Manufacturing Products and Assets. This exclusive Q & A on loT disruption of the supply chain with SAP’s Thomas Ohnemus and Richard Howells, explains how loT can help businesses drive value from connected products, assets, and manufacturing. Discover key insights on how loT is transforming the world and how organizations should take part in this transformation.