Asset heavy industries have many challenging objectives, which need to be focused keenly for a continuous function. These objectives are given attention while planning and executing the designs. This helps to operate the processes for assets.
The three main objectives of asset management are:
1. Cost reduction: This features the total cost reduction of the assets. This also features increasing the speed and accuracy of a management’s decision-making.
2. Safe operation: This feature increases safety and reduction in environmental incidents.
3. Increased productivity: This feature increases the overall effectiveness and uptime of the production process to maximize productivity.
To ensure a continuous delivery of these objectives, the organizations will have to pay more attention to asset management, for which SAP Services Singapore provides the fullest support.
It is crucial for an organization to collaborate with the service providers, suppliers, and customers. They also have the responsibility of optimizing asset maintenance processes and progress to an intelligence-driven maintenance system. In addition, achieving a real-time asset view on operational and strategic level also become essential.
SAP accounting software Singapore as a part of Enterprise Asset Management presents SAP Intelligent Asset Management. This is an enhanced cloud solution that delivers a complete view of assets across production, supply chain, and customer management. It helps to build strong operational asset management. The integration of advanced technologies including IoT, mobile networks, Predictive analytics, and further improves the performance and usability of the SAP Intelligent Assent management system.
Synnove systems as the leading ERP solutions company Singapore in building a perfect SAP IAM have a team of trained professionals that can develop a perfect Cloud SAP solution, which adds value for the SAP customers.
Best Features of SAP Intelligent Asset Management:
· SAP intelligent assent management features SAP S/4HANA
· The asset central presents a data foundation layer that automatically synchs with customer SAP EAM, S/4 HANA, or ECC system. For instance, it includes: functional locations, notifications, work orders, equipment data, and more
· This data model is enhanced in IAM, therefore data can be stored. This includes indicators data in IAM
· This is a mobile asset management solution for S/4 HANA and SAP ECC. This serves as a next-generation tool with standard integration with SAP IAM
The asset lifecycle involves many stakeholders, including;
· Asset owner and operator, who is responsible for the day-to-day operation of the assets
· Manufacturer and suppliers, who are responsible for designing and production of assets and spare parts supply
· Service providers, who are providing the asset maintenance services
· Engineers and construction contractors, who design and provide solutions for asset operators using multiple asset types from several manufacturers
In a nutshell, the Synnove systems ERP Singapore SAP asset management creates a common platform for exchanging useful information; therefore the involved professionals can effectively play their roles in the supply chain. Moreover, this effective SAP ASPM solution also allows the organization to derive perfect asset maintenance strategies that are based on risks.
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