Ask Approyo - How can SAP S/4HANA impact Asset Management?
In today’s dynamic marketplace, organizations are looking for ways to achieve greater operational excellence with access to accurate, real-time information about their enterprise. They want to acquire capabilities to predict and simulate operational problems before they occur, and are looking at ways to empower their workforce with all the information required to run their operational processes without issues and with effective integration of information and operational technologies.
With SAP S/4HANA, organizations can build a strong foundation for operational excellence with asset management and environment, health, and safety (EHS) capabilities. SAP S/4HANA enables organizations to manage their asset-related cost, risk, and performance holistically. It helps them in implementing proactive maintenance strategies that are enriched with the analysis of real-time data, as well as predictive and other forecasting methods. The solution also provides organizations the ability to systematically reduce risk and improve worker safety with one common view of process risks related to workers, assets, or environment.
SAP S/4HANA is a digital core that fully integrates with solutions that are built on the SAP HANA Cloud Platform, such as SAP Asset Intelligence Network or the SAP Predictive Maintenance and Service solution, cloud edition. These solutions enable an organization to access standardized, up-to-date asset master data and performance information. The extensions also allow an organization to collaborate effectively among business partners by providing the ability to share asset information and insight with the ecosystem.
SAP S/4HANA Asset Management enables organizations to efficiently manage the entire asset lifecycle with real-time visibility into asset performance using powerful analytics. The solution makes it easier to optimize asset usage, shrink costs, lower risks, better manage capital expenditures, and ultimately maximize return on assets.
Provides real-time insights into asset performance data for timely, relevant decisions
Enables use of prediction, simulation, and analysis to evaluate asset behavior, plan budgets, and forecast maintenance cost
Provides a common view of information technology (IT)and operational technology (OT) data for a holistic asset management system approach as outlined in ISO55001
Supports and promotes proactively managing asset-related risks to minimize disruption
Enables access to one common view on process risks related to workers, assets, or the environment
Facilitates the use of analysis, prediction, and simulation, to achieve greater insight, e.g.,converting incident reporting and risk assessments into actionable knowledge
Fully integrates with the capabilities of the SAP S/4HANA Enterprise Management solution in areas such as finance, human resources, manufacturing, and materials management
SAP ASSET MANAGEMENT CAPABILITIES
Outlined below are the primary capabilities for asset management where value can be achieved through SAP S/4HANA:
Asset Operations and Maintenance
Asset strategy and performance
Maintenance planning and scheduling
Mobile asset management
Environment,Health, and Safety
Health and safety management
Management of change
Maintenance safety and permit to work
Asset information collaboration
Asset information governance
Predictive maintenance and service
SAP S/4HANA is The Next Generation Business Suite For A Digital World The opportunity exists to transform business processes and achieve the digital transformation of your business with more automation and real-time visibility. Our SAP S/4HANA, SAP HANA and Big Data solutions address these important needs and more. Let us show you today! Set up a free consultation.
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