SAP Intelligent Asset Management

We can help you understand the value of SAP Intelligent Asset Management (SAP IAM) for your business through product demos and relevant use cases discussion.

SAP INTELLIGENT ASSET MANAGEMENT

SAP Intelligent asset management (now known as Asset Performance Management) is essential for asset-heavy industries. SAP IAM presents a cutting-edge solution that capitalises on IoT, machine learning, and AI to revolutionise asset lifecycle management, elevating operational efficiency to new heights.

SAP Intelligent asset management (now known as Asset Performance Management) is essential for asset-heavy industries. SAP IAM presents a cutting-edge solution that capitalises on IoT, machine learning, and AI to revolutionise asset lifecycle management, elevating operational efficiency to new heights.

Our Asset Performance Management (intelligent asset management) services will help your business achieve the following objectives:

Intelligent Asset Management
  • Drive safe operations: measured by a reduction in safety and environment incidents. 
  • Reduce cost: measured as a reduction in the total cost of ownership of the asset. Increase speed and accuracy of decision making.
  • Maximise productivity: by increasing overall equipment effectiveness and uptime.
 
To continuously delivers on these three objectives organisations need to look at Asset Management more holistically:
 
  • They must collaborate better with suppliers, customers, and service providers.
  • Optimise asset maintenance processes and move from cyclical to predictive and intelligence driven maintenance schedule.
  • Have a real time view of asset on a strategic and operational level.

 

SAP Intelligent Asset Management – Cloud Solutions

SAP Intelligent Asset Management (SAP IAM) is a suite of cloud solutions from SAP in the area of Enterprise Asset Management (EAM) that promises to deliver a holistic 360-degree view of assets across the supply chain. It builds on SAP’s strong expertise in operational asset management (delivered through the SAP Plant Maintenance module) and adds intelligence and collaboration to it using the latest technologies like IoT, predictive analytics, mobile, networks, etc.
 

Intelligent Asset Consulting Services From On Device Solutions

At On Device Solutions, we have taken an early lead in building expertise in SAP Intelligent Asset Management (SAP IAM). We have consultants trained in SAP Intelligent Asset Management (SAP IAM) and have also developed relevant user cases in our demo environment to showcase how SAP IAM can add value for SAP customers. 
Get in touch today to see these solutions in action and for a no obligation knowledge sharing session.

SAP INTELLIGENT ASSET MANAGEMENT ARCHITECTURE AND COMPONENTS

intelligent asset manager

SAP Intelligent Asset Management (SAP IAM) is a suite of cloud solutions that comes with standard integration with SAP ECC and SAP S/4HANA

ASSET CENTRAL FOUNDATION

Asset central provides the data foundation for SAP Intelligent Asset Management (SAP IAM). This data foundation layer is automatically synched with customer SAP EAM (ECC or S/4 HANA system) e.g. notifications, work orders, functional locations, and equipment data.
 
The data model is further enhanced in Intelligent Asset Management to allow collaboration data to be stored, e.g., models and indicators data in IAM.

SAP ASSET MANAGER (SAM)

SAP Asset Manager (SAM) is the mobile asset management solution for SAP ECC or S/4HANA. It builds on decades of SAP’s experience in mobile asset management, the next generation tool now comes with standard integration with SAP IAM as well.
Find out more about SAP Asset Manager (SAM).

KEY FEATURES OF SAP BUSINESS NETWORK FOR ASSET MANAGEMENT

SAP Business Network for Asset Management Benefits:

The SAP Business Network for Asset Management provides businesses with several benefits to ultimately improve business efficiency and performance:

  • Enhanced Collaboration: SAP Business Network for Asset Management facilitates seamless collaboration among various stakeholders, including suppliers, service providers, and asset owners, leading to improved communication and information sharing, ultimately enhancing decision-making processes.
  • Increased Asset Reliability: By providing real-time insights and predictive maintenance capabilities, SAP Asset Intelligence Network helps businesses optimise asset performance, reduce downtime, and extend the useful life of their assets, leading to increased reliability and reduced operational costs.
  • Compliance and Risk Management: The SAP Asset Intelligence network platform offers tools for tracking and managing compliance with industry regulations and standards, helping businesses mitigate risks and avoid costly compliance-related issues while ensuring a higher level of asset and operational safety.
  • Supplier Work Order collaboration: Collaborate with your suppliers and receive real-time Work Order updates.

SAP ASSET INTELLIGENCE NETWORK (AIN)

In a typical asset lifecycle, there are various stakeholders involved, these include:
 
  • Manufacturer and supplier: responsible for the design and production of the asset and supply of spare parts
  • Engineering and construction: companies that design solutions for the asset operators typically use multiple asset types from multiple manufacturers.
  • Asset operator/owner: companies responsible for the day-to-day operations of the assets.
  • Service providers: companies providing asset maintenance services.
intelligent asset manager

SAP Business Network for Asset Management provides all these stakeholders with a common platform to exchange useful information so they can all play their roles in the supply chain more effectively.

With SAP AIN for example: 

 
  • The manufacturer can publish safety recall notices to others and consume asset failure information.
  • Engineering and construction companies can publish designs and drawings and consume asset failure information.
  • Asset operators can publish asset failure information and let the manufacturer manage asset master data.
  • Service providers can publish asset improvement recommendations and consume the latest maintenance instructions.
 

Connecting your stakeholders together with SAP AIN and how it works.

SAP ASSET STRATEGY AND PERFORMANCE MANAGEMENT (ASPM)

SAP ASSET STRATEGY AND PERFORMANCE MANAGEMENT
To strike the right balance between three objectives (safety and compliance, reduced cost & increased uptime) of an effective asset management regime, it is important to weigh up risks and critically assess each approach. For example a run to failure may be right for one asset type but disastrous for another.
 
SAP ASPM allows companies to derive and fine tune their asset maintenance strategies based on asset risk and criticality. Various asset maintenance strategy development methodologies are supported:
  • Reliability Centered Maintenance (RCM)
  • Failure Modes and Effects Analysis (FMEA)
  • Root Cause Analysis (RCA)
Here is a short video:

SAP PREDICTIVE ASSET INSIGHTS (PAI)

Traditional maintenance strategies like Reactive Maintenance and Preventive Maintenance typically result in over maintenance and high cost. 

With technologies like IoT becoming readily available and cost effective more and more customers are moving towards a predictive maintenance regime. Predictive maintenance aims to prevent unplanned failure while reducing un-necessary asset maintenance.

A high-level architecture view of PdMS is shown below.

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