Manufacturers and service industries that rely on assets with a long service life must perform a balancing act between meeting customer needs and satisfying investors with a healthy, consistent return on their investment. A recent Aberdeen Benchmark Report, "Ground Up Strategies for Asset Performance Management" found, over 60% of surveyed executives felt strong pressure to improve their company's returns on assets. But what can be done to improve returns? The survey identified best practices such as reporting plant performance in real time, using historical and risk-based data to drive execution, and applying performance modeling in operational design. Additionally, the "Best Practices for Maintenance Management" report by Ralph Rio of ARC Advisory Group found that 84% of leading companies have adopted an integrated maintenance management system in conjunction with their ERP system. Further, it found a strong correlation between sub-par financial performance in companies that lacked an enterprise asset management system.

Companies are using asset management systems powered by SAP to achieve success – whether they are producing chemicals, metals or paper, assembling cars or electronics, running a fleet of delivery vehicles, or generating electricity. As a result, innovative companies are distancing themselves from the competition with better customer service, increased profitability, and maximised return on assets.

Learn how SAP provides effective processes covering the asset's entire life cycle – from initial design, building, commissioning, and running of the asset to optimising, maintaining, and ensuring that it complies with environmental and safety regulations.

HOW DO I...?

• Improve asset visibility
• Optimise asset operations and maintenance
• Ensure asset safety and compliance