Exploring SAP Asset Management

A modern Enterprise Asset Management has to deal with a variety of different aspects and dimensions. The main goal, however, is always to optimize asset health and performance - at the lowest possible cost.

To achieve this goal in an increasingly complex world with a constantly growing digitization it is necessary to closely align business processes, business software and the cooperation with partners.

The following aspects are especially in the focus:

• Efficient mapping of measures for inspection, maintenance and repair
• Permanent optimization of the strategies used for these measures
• Creation and monitoring of machine data in real time
• Predict asset behavior and condition based on machine learning and AI
• Cloud-based cooperation with business partners
• Mobile processing of certain tasks
• Flexible modeling and processing of special tasks such as building new assets, revisions etc.
• Holistic and integrated management of the complete lifecycle of a technical asset

In the sense of a holistic approach to enterprise asset management handling the complete lifecycle of a technical asset is of special interest. This lifecycle must be analyzed at the beginning of a software implementation and modeled using tightly integrated applications.

Generally speaking the following phases can be identified:

As an answer to the challenges mentioned SAP Asset Management offers the following solutions:

• SAP Intelligent Asset Management (IAM)

  SAP Intelligent Asset Management is a set of cloud-based solutions and is based on SAP Business Technology Platform (BTP). It currently comprises SAP Asset Intelligence Network(AIN), SAP Asset Performance Management (APM) and SAP Service and Asset Manager.

  One of the major goals of SAP Intelligent Asset Management is to enable an IT driven (data science & rules driven) approach to predictive maintenance in order to reduce unplanned failures and the number of overall maintenance actions.

• SAP S/4HANA Asset Management Public Cloud

• SAP S/4HANA Asset Management Private Cloud / On Premise

• SAP Service and Asset Manager (Mobile)

• SAP S/4HANA Asset Management for Resource Scheduling (RSH)

SAP S/4HANA Asset Management is integrated with numerous other applications which in many cases allows automatic detection of relevant business objects or automatic posting of documents.

Examples:

• Asset Accounting - assign asset number to piece of equipment of functional location.
• Controlling - automatically detect relevant activity types, automatically calculate planned and actual costs.
• Financial Accounting - automatically post relevant accounts during a material withdrawal for a maintenance order.
• Human Resources - use HR personnel numbers for planning, automatically detect working and non-working times.
• Investment Management - integrate maintenance orders with investment programs and/or investment projects.
• Project Management - create maintenance projects such as shutdown projects.
• (Flexible) Real Estate - assign functional locations to architectural or business view.
• Materials Management - automatic reservations for stock material, procure material and services.
• Production - integrate technical objects with production work centers.