Exploring SAP S/4HANA Cloud Public Edition Asset Management

Watch the video to learn more about the challenges in asset management.

The SAP S/4HANA Cloud, public edition Asset Management solution allows organizations to manage their asset-related cost, risk, and performance holistically.

Organizations can implement proactive maintenance strategies that are enriched with the analysis of real-time data, as well as predictive and other forecasting methods, to increase the return on assets and reduce unplanned downtimes. The solution helps in bridging the operational silos by integrating processes from top floor to shop floor, as well as managing the complete asset lifecycle.

Some of the key benefits of SAP S/4HANA Cloud, public edition Asset Management are:

• Provides real-time insights into asset performance data for timely, relevant decisions.
• Enables use of prediction, simulation, and analysis to evaluate asset behavior, plan budgets, and forecast maintenance cost.
• Provides a common view of Information Technology (IT) and Operational Technology (OT) data for a holistic asset management system approach as outlined in ISO 55001.
• Supports and promotes proactively managing asset-related risks to minimize disruption.
• Enables access to one common view on process risks related to workers, assets, or the environment.
• Facilitates the use of analysis, prediction, and simulation, to achieve greater insight, for example, converting incident reporting and risk assessments into actionable knowledge.
• Integrates fully with the capabilities of S/4HANA Enterprise in the areas of finance, human resources, manufacturing, materials management, and so on.

Accelerate and simplify the adoption of SAP S/4HANA Cloud, public edition for faster time to value, using best practice business processes with the knowledge of being legally compliant in different countries. The SAP Best Practices for SAP S/4HANA Cloud, public edition provide preconfigured content for core business processes in EAM and other modules such as finance, sourcing and procurement, manufacturing, sales, and supply chain. In addition, the cloud offers SAP Best Practices for integration to other cloud solutions, such as SAP SuccessFactors Employee Central, SAP Concur, SAP Fieldglass, and SAP Ariba.

The benefits of SAP S/4HANA Cloud, public edition include the following:

• Reduce cost of operations by using standardized processes.

• Manage multiple geographies, divisions, subsidiaries, and ledgers with global and country specific content.

• Drive operational efficiencies and comply with regulations.

• Empower business and IT users equally with guided configuration.

• Allow a first-hand experience of SAP S/4HANA Cloud, public edition with instant guided trials.

• Update and change customer specific configuration using SAP S/4HANA Cloud, public edition lifecycle management tool.

Asset Management handles all maintenance activities like to find the damages, identify causes, and take actions to repair technical objects as well as perform preventive maintenance. To perform these activities, it contains sub-modules for the following:

• Management of technical objects and equipment master record.

• Planning of maintenance task.

• Management of workflow notifications and work orders under maintenance order management.

Asset information is needed in many different departments and is fundamental for many business processes. An enterprise must have a common system of reference to identify all of its assets, for example, to fulfill corporate governance regulations. This is done by creating unique master records for each technical object and is the base for structuring asset data and information.

SAP S/4HANA Asset Management enables you to plan and perform the maintenance of operational systems, such as machines or production installations. It comprises the inspection, maintenance, and repair measures that need to be taken to keep your assets in working order. These activities are typically performed by maintenance planners and maintenance workers.

Watch the video to learn more about the key features in asset management.

Watch the video to learn more about the key figures in resource scheduling.

You can accelerate and simplify the adoption of SAP S/4HANA Enterprise Management in the cloud for faster time to value, using best practice business processes with the knowledge that you are legally compliant in different countries.

SAP Best Practices for SAP S/4HANA Cloud, public edition is a key component of the SAP Activate innovation adoption framework. SAP Best Practices provides ready-to-run business processes optimized for SAP S/4HANA, thus supporting customers with various system requirements or maintenance scenarios. SAP Best Practices for SAP S/4HANA Cloud, public edition includes a selection of scope items covering the scope of pre-configured ready-to-run business processes so that you can choose the capabilities and options of the solution, such as business processes, analytic content, and so on.

Scope items are typically predefined business processes, such as sales order processing. They represent a best practice implementation choice for a customer. Each scope item has a set of accelerators delivering detailed documentation that is used during the implementation project. Each scope item has a unique ID that makes it easy to identify, for example, 4HH or 43R.

The scope items for SAP S/4HANA Cloud, public edition Asset Management are described below: