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 and develop strategies to minimize risk - 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 Design phase involves Investment Planning and Project Definition.
- The Manufacture / Build phase consists of Selection of Vendors.
- The Commission phase involves Project Execution.
- The Operate / Maintain phase embraces Health and Safety, the Execution of Maintenance and the Procurement of Material and Services.
- The Retire & Decommission phase involves Final Shutdown and Disposal of the asset.
The asset lifecycle involves (a cloud-based) cooperation between Manufacturer, Asset Owner and Service Provider.
Assets are expected to deliver a maximum of Performance which requires intelligent Strategies to guarantee a long-lasting and predictable Health. To find the right strategies it is vital to be fully aware of the Risk that every asset is subject to.
With SAP Enterprise Asset Management (EAM) in combination with various other SAP solutions you can plan, control and monitor the complete lifecycle of a technical asset.