IBM Maximo Asset Management is a computerised maintenance management system – CMMS – that support companies in asset intensive industries increase their return on asset investment while decreasing their operating costs, including greater work force efficiency, inventory/material optimization and lower supplier transaction costs.
Asset Management from IBM Maximo gives you the power and performance to drive asset management in your organisation to a new level.
Built on a single software platform, Maximo Asset Management delivers a comprehensive view of all asset types – production, facilities, transportation and IT – across your enterprise. This holistic perspective allows you to see all of your assets and identify untapped potential within them, gaining the knowledge and control you need to closely align your organisation’s goals with the overall goals of your business.
Benefits
IBM Maximo Asset Management can help you:
- Improve asset visibility—increase awareness of asset locations, conditions and commitments.
- Reduce planned and unplanned asset downtime.
- Maximize asset productivity.
- Improve service planning and scheduling.
- Reduce risk of business disruption.
- Retain and exploit asset management records for general reporting, cost justification, and regulatory compliance.
- Improve capacity planning and forecasting.
- Defer or avoid capital expenditures through increased efficiency.
- Support safety initiatives.
- Eliminate the license and administrative costs for multiple “point products.”
- Integrate physical asset management into a growing family of whole-business visibility, control and automation options from IBM.
Metrics/Statistics achieved by Maximo EAM Customers:
- Labor Utilization UP 10-20%
- Asset Utilization UP 3-5%
- Equipment purchases DOWN 3-5%
- Warranty recoveries UP 10-50%
- Inventory needs DOWN 20-30%
- Inventory carrying costs DOWN 5-20%
- Material costs REDUCED 5-10%
- Purchasing labor REDUCED 10-50%
Capabilities
- Track and manage asset deployment, specifications, conditions, calibration, costing from a single system.
- Ease the integration and administration of intelligent (IT connected) physical assets such as self-reporting pumps and meters
- Manage maintenance with comprehensive maintenance work management for planned and unplanned activities including long- and short-term planning, preventive, reactive and condition-based maintenance, schedule management, resource optimization and key performance indicators.
- Plan inventory to meet maintenance demand accurately, making the right parts available at the right location when needed.
- Manage vendor contracts with comprehensive contract management support for purchase, lease, rental, warranty, rate, master, blanket and user-defined contracts.
- Define service offerings and establish service level agreements (SLAs) to help align service levels with business objectives.
- Automate process workflows to quickly and accurately enforce business-critical policies. It includes automated, preconfigured, and customizable process workflows for asset and work management processes, including industry specific process templates.
Comprehensive Asset Lifecycle and Maintenance Management
IBM Maximo Asset Management solutions give you a single point of control over all types of assets — production, infrastructure, facilities, transportation and communications — by managing them all on a common platform. This platform allows sharing and enforcement of best practices, inventory, resources and personnel. Now you can optimize the performance of your assets and maximize return on investment.
Maximo Asset Management includes six management modules in an enhanced service-oriented architecture.
Asset management – Achieve the control you need to more efficiently track and manage asset and location data throughout the asset lifecycle.
Work management – Manage both planned and unplanned work activities, from initial request through completion and recording of actuals.
Service management – Define service offerings, establish service level agreements (SLAs), more proactively monitor service level delivery and implement escalation procedures.
Contract management – Gain complete support for purchase, lease, rental, warranty, labor rate, software, master, blanket and user-defined contracts.
Inventory management – Know the details of asset related inventory and its usage including what, when, where, how many and how valuable.
Procurement management – Support all the phases of enterprise-wide procurement such as direct purchasing and inventory replenishment.
Summary
Asset Management from IBM Maximo gives you the power and performance to drive asset management in your organisation to a new level.
Built on a single software platform, Maximo Asset Management delivers a comprehensive view of all asset types – production, facilities, transportation and IT – across your enterprise. This holistic perspective allows you to see all of your assets and identify untapped potential within them, gaining the knowledge and control you need to closely align your organisation’s goals with the overall goals of your business.
GeoViz is a team of experienced technical and business professionals that help our customers to achieve their ‘Operations and Maintenance Performance Management’ goals. Our experts minimize inefficiencies 360 degrees focusing Assets, Processes, Technology, Materials, People, Infrastructure, and Energy. GeoViz serves client inside North America specifically USA and Canada while physically serving clients in the cities of Seattle, Toronto, Buffalo, Ottawa, Monreal, London, Kitchener, Windsor, Detroit. Feel free to contact us or Drop us a note for any help or assistance.
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