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.

14 results

  1. Planning Critical Infrastructure for the Long Term

    In this video, capital planning professionals from Network Rail, National Grid, and Northumbrian Water explain how the Copperleaf Decision Analytics Solution is helping them make the right investments at the right time and demonstrate value for money from investments more accurately.
  2. Deep Dive: Why Believe in SAP Asset Performance Management?

    Click HERE to view the presentation deck slides. This Deep Dive session is a follow-on from our Asset Performance Management (APM) overview session presented at Mastering SAP in 2022 and is a deeper look into the burgeoning world of Asset Performance Management. One year ago, Precision Drilling was on the cusp of a productive APM…...…
  3. Deep Dive: Asset Statutory Compliance – Can This Really Be Managed Using SAP?

    Click HERE to view the presentation deck slides. Asset Statutory Compliance is a major requirement at our AGL Sites. From pressure vessels to cranes and even generators, being compliant is a must to keep the electricity generating. Three years ago, every AGL site was managing their compliance differently; from executing and signing off inspections, to…...…
  4. Prairie State Energy Campus: An Operating Model for a 21st Century Baseload Plant

    Published: 12/November/2023

    Reading time: 1 mins

    Learn the innovative strategies behind Prairie State’s success in our full case study—unlock the potential for your facility.
  5. Closed-Loop Asset Management with SAP: Increase Uptime, Reduce Cost, and Improve Asset Performance by Learning from Work Execution

    Understand how SAP has re-engineered its Intelligent Asset Management solutions to enable a closed-loop process, which directly links your maintenance strategy from asset criticality assessment with maintenance planning and work execution – and enables you to apply learnings from your work execution to improve your asset strategies. This content is for Mastering SAP Premium Access…
  6. Achieving Asset Management Excellence through an Integrated Platform

    Discover how using an integrated, scalable platform (with standard functions like planning and scheduling to more advanced functions like predictive analytics) can help with change management and user adoption to progress your asset management state from reactive to proactive. This content is for Mastering SAP Premium Access members only.Log In Join Now
  7. The APM Journey a Story of What it Takes to Move from Time Based to Condition Based Maintenance - It’s Different than you Think!

    The culmination of Graham’s career, this address will leave the audience wanting more after learning the why. And with Dieter Haesslein – SAP’s head of Development: EAM, along for the ride to close out the session. This content is for Mastering SAP Premium Access members only.Log In Join Now
  8. Asset Management

    Transforming to Intelligent Asset Management with SAP Solutions

    Published: 18/April/2023

    Reading time: 3 mins

    Asset-intensive industries need to deliver on driving safe operations, minimizing costs, and maximizing productivity. But to consistently achieve these objectives, organizations must adopt a more comprehensive approach to Asset Management by enhancing collaboration with suppliers, customers, and service providers for better cooperation and coordination, streamlining asset maintenance processes, shifting from cyclical to predictive and intelligence-driven…
  9. Uncovering the Hidden Gems – Functionality in EAM, You don’t Know You Have from EAM 2022

    SAP is continually improving their content. One of the SAP programs where improvements are identified is from the SAP Customer Influence/connect program. The thing is, does the average user know what this program has delivered? Probably not. In this presentation we will look at some of new Business Functionality delivered by this program throughout the…
  10. cloud image

    SAP Asset Performance Management for Circular Manufacturing

    Published: 07/March/2023

    Reading time: 4 mins

    The manufacturing industry is a major contributor to carbon emissions, accounting for around 20 percent of global emissions. These emissions are primarily caused by energy usage during the manufacturing process. However, new approaches to designing, producing, and disposing of goods can reduce waste by eliminating it from products and processes, as well as by recycling…