Asset Management with IBM Maximo

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Enterprise Asset Management

Better manage your investments.

Comprehensive enterprise asset management that streamlines asset lifecycles, optimises maintenance processes, and enhances operational efficiency. Provide real-time insights into asset performance and facilitate proactive maintenance strategies. Empower your organisation to maximise the lifespan and value of assets while minimising downtime and operational costs.

WHAT IS ASSET MANAGEMENT?

Asset Management refers to a system that monitors and maintains things of value, which might be tangible assets (such as a fleet of vehicles) or intangible assets (such as insurance policies). It helps asset owners or managers cost-effectively develop, operate, monitor, maintain, upgrade and dispose of their assets.

Companies with large investments in physical assets, both fixed and mobile, can find it difficult and expensive to manage them efficiently and effectively.

WHAT IS MAXIMO?

The Maximo® Enterprise Asset Management (EAM) solution from IBM takes the power, performance and possibilities of Enterprise Asset Management to an entirely new level. It provides a unified platform that delivers asset lifecycle and maintenance management across the enterprise, improving asset visibility and increasing awareness of asset locations, conditions and commitments.

Built on a single software platform, Maximo Asset Management delivers a comprehensive view across the enterprise of all asset types

Maximo Dashboard View

Government

Electronics

Manufacturing

Transportation

Oil and Gas

Energy & Utilities

COMPETITIVE ADVANTAGE

Maximo's holistic perspective allows users to see all of their assets, as well as identify all of the untapped potential within them. They gain the knowledge and control they need to closely align their organization's goals with the overall goals of their business.

IBM Maximo Asset Management 7.6 is available with enhanced features and new functional add-ons. These new features and integrated solutions enable the convergence of business with IT infrastructure management for improved organization performance. As the support to the earlier versions phases out, it is recommended to upgrade your clients to the current version, which supports functional add-ons like Service Provider, Scheduler, Mobile Asset Manager, Linear Asset Manager, Everyplace, Spatial Asset Management, Calibration, Real-Time Asset Locator and Archiving.

Maximo now includes blockchain support.

Visit the Maximo Network on Blockchain sales guide in the assets section for more information. Maximo can be licensed in a number of ways, including on-premise and SaaS (Cloud-based). Sellers looking for more information on the Cloud-based offerings and approaches should visit the Maximo SaaS sales kit, located in the Assets section.

BUILD FLEXIBLE OPERATIONS

Support production, facilities, transportation, and IT on an all-on-one modern platform.

EXTEND ASSET LIFESPANS

Gain visibility and control over critical operational assets that affect compliance and business performance.

INCREASE STAKEHOLDER VALUE

Reduce costs, improve business processes, increase ROA and enhance operational efficiency.

More than ever before, clients and consumers are looking for products tailored to their specific needs. Competitive advantage can be found by being early to market with the most personalized user experience. Another trend we see is that many of today’s significant innovations are coming from the interconnectedness of smart products.

Machine-to-machine communication within the IoT is becoming part of the fabric in our modern world from appliances in our homes to the cars we drive to the infrastructure of our towns and cities. But this connectedness comes with its own challenges.

What is the best way to develop products to participate in the IoT?
How do we identify the most effective ways to derive value from all this data now available to us?
How can we turn it into competitive advantage?
And how do we do this while still addressing the important requirements for security and regulatory compliance?

Maximo helps companies effectively utilize these innovations to better manage all their critical assets through all stages of each asset's lifecycle by helping to extend asset lifespan, maximizing the return on investment (ROI) and return on assets (ROA), mitigating risk, optimizing labor efficiency and supply chains and enhancing operational effectiveness:

ADDING VALUE THROUGH IMPROVED ENTERPRISE ASSET MANAGEMENT

Pain Points:

Lack of visibility and control over critical assets that affect compliance and business performance
Aging assets that increase costs and decrease Operational Equipment Efficiency (OEE), as well as ROA
Aging assets that require higher levels of maintenance and upgrades to ensure availability
Legacy IT systems and an aging workforce that decrease operational efficiency
Increasing environmental, safety, regulatory and financial compliance requirements
Difficulty ensuring safe and reliable operations by managing and tracking asset information on availability, utilization, and performance to help to avoid catastrophic events
Loss of knowledge and experience of retiring long-term employees
Continuous pressure to reduce headcount without a sacrifice in service levels or quality
Legacy IT systems based on fragmented applications and platforms

Managing assets in the modern era

Increased asset availability and reliability provide a basis for improving service delivery and growing revenue from the same asset base. As organizations tune their supply chains to meet specific supply levels, their asset or equipment uptime and availability must align to these demand schedules.

According to an A. T. Kearney survey in Industry Week, 558 companies that currently use computerized maintenance management systems exhibited an average of: