Where's My Asset?

"Where's my asset?" is like "Where's Waldo?"
I actually used this comparison in one of my presentation at SAP Thailand a few months ago (not quite sure if the Thai audience actually understood what I was trying to compare).

With Enterprise Asset Management (EAM), finding, tracing or tracking your assets is a common painpoint. The root cause of this problem comes from the model of "run-to-failure" asset management which is not a very effective technique if compared to the proposed "Asset Lifecycle Management".

The Asset Lifecycle Management looks at managing assets across facilities, plants, branches etc throughout the lifecycle starting from planning, procurement, deployment, accounting, maintenance up to retirement. This method improves utilization, performance and asset life as well as the ability to track and trace asset location, historical data and status.

Simple "run-to-failure" asset management is simply not enough, we must manage the whole lifecycle in order to reduce capital cost and improve return on assets and most of all to efficiently support primary business activities.

Shivek Sachdev - Consultant
Thai Informatic Systems (TIS)
shivek@tis.co.th
http://www.thaifacility.com