In asset-intensive sectors, IBM Maximo Asset Management is a comprehensive solution for managing physical assets on a common platform. It offers an integrated mobile access, ready-to-use matching, team management, and analytical insights.
Maximo Asset Management allows organizations to share and implement best practices, inventory, resources and staff. Maximo focuses on the following asset types.
Production (for example, oil, gas, chemical, mining, manufacturing, medication, food, electronics and generation of energy)
Infrastructure (including railways, roads, telecommunications, water and wastewater, electricity and gas distribution systems)
Transportation (for military, airline transport, trucking industry, shipping, railroads and other uses)
Real estate and facilities (for example in offices, schools and at hospitals)
Maximo Asset Management includes six management modules in an advanced service-oriented architecture.
Asset Management – Conduct the audit you need to track and manage asset and location data more efficiently over the asset’s lifetime.
Business Management – Manage planned and unscheduled business activities starting from initial request to completion and registration of actual requests.
Service Management – Create service offers and service level agreements (SLAs), monitor service-level delivery effectively, and implement upgrade procedures.
Contract Management – Get comprehensive support for purchase, financial lease, lease, warranty, labor charges, software contracts together with master, general and user-defined contracts.
Inventory Management – Keep track of what, when, where, how many pieces and how much they are worth with the details of the inventory associated with the asset.
Purchase Management – Support all stages of enterprise-wide procurement, such as direct purchasing and inventory replenishment.
Maximo Asset Management offers an integrated approach to asset management, whether it’s for discrete or complex assets. The product assists organizations at overcoming challenges caused by aging, clumsy infrastructures or human resources.
It provides an integrated approach by breaking down multiple standards and non-integrated cylinders, which helps alignment of operations with overall business goals. There are many reasons why the demand for better asset management is increasing.
When organizations raise the importance, risk, quantity, or cost of corporate of the critical or capital assets, they often see a corresponding increase in management’s interest in maintaining control and visibility of those assets. Furthermore, in this new era of mobile, cloud, and analytical technologies, there are more opportunities than ever to collect, consolidate, and analyze
asset-related data to assist in fine-tuning performance.
In addition, governments, regulators, shareholders and other key stakeholders can find and track the whereabouts of assets to organizations in the public and private sectors. The higher the risk or opportunity cost when you do not know where an asset is located, the greater the incentive for management to implement an asset tracking system. Enterprise asset management provides real-time information and visibility into almost all physical assets and in the maintenance, repair and overhaul of the supply chain.
The Maximo database provides critical information about asset resources about their configuration and their physical and logical relationships to other resources. You can create key performance indicators (KPIs) to monitor asset conditions and initiate automatic action based on changes. You can create, assign, monitor, inform, and report key transaction components such as work orders, service desk tickets (services), initiation orders, and purchase orders.