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Posts Tagged ‘asset intelligence’

Why buy new equipment, assets, and facilities when what you have works fine?

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I can’t think of one industry today that isn’t considering cost-effective ways to manage their assets, capital equipment and facilities to maximize their longevity and return on investment. Everyone’s thinking about it.

My father once said, “The best kind of car is one that’s paid for.”  A simple statement, but when you think about it, a car that’s maintained with regular oil changes, new tires, battery, and brakes is one that will last a lot longer and will far exceed obsolescence and break-downs if maintained properly over the years, and keeping more money in your pocket instead of having to buy a new car.

CPG companies, utilities, higher education institutions, healthcare, public sector, retail, apartment complexes, and service industries are just a few that all have assets or equipment that need to be maintained and serviced on a regular basis in order to maximize their life expectancy and return of value and profit to a given organization. It’s a lot more expensive when one of these items goes out of service and has to be replaced.  No one likes to face the prospect of replacing forklift equipment, HVAC systems, MRI scanning machines, etc. There is too much at stake not keeping these assets and equipment running as efficiently and smooth as possible. Early replacement is the penalty for poor maintenance.

One way to achieve a stronger maintenance approach is to leverage the latest in integrated Supply Chain systems that tie the ongoing and preventative maintenance to your back-end Financials and HCM systems. It’s far too costly to rely on disparate systems via spreadsheets to try and make all this work together effectively. A well-integrated ERP system that brings together maintenance requirements and ties those back to a work order and order management system through financials helps you maintain your assets longevity and provides better visibility throughout your supply chain.

Add to that mobile capability for field sales and or technicians and you have the complete package. PeopleSoft’s EAM system does just that in an integrated way and does not require any 3rd party integration.

It works…out of the box. It’s as Apple-y as PeopleSoft has ever been, and that’s a good thing. Smart integrations done right are, to sloppily paraphrase Arthur C. Clarke, indistinguishable from magic.

For many organizations today looking to save money and drive this savings to the bottom line, implementing an integrated EAM-Enterprise Management System like PeopleSoft is a cost-effective measure when you are trying to watch where your dollars are spent in a very competitive economy.

Why Should I Attend the 5th Annual Oracle Maintenance Summit? (Reasons #12-14)

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A: The Oracle Maintenance Summit agenda will be fact-filled, customer-based and ERP-specific, addressing topics like:

  • Addressing the Increase of Operational Performance and Contribution to Margin Growth within the Maintenance Organization
  • Going Beyond EAM to Drive Value with product sets recently acquired by Oracle, known as “Edge Products”
  • Passion, Conviction, and Collaboration in the Field of MaintenanceOPSE_logo
  • The Journey from Continuous Improvement to World Class Maintenance
  • A Critical Look at What Maintenance Key Performance Indicators Really Indicate
  • Driving Sustainable Improvements in Asset Performance Management
  • Removing the Residue: Maintenance, Repair and Operations (MRO) Data Cleansing
  • Understanding the Unique Requirements of Mobile EAM Users
  • Implementing Enterprise-wide Health and Safety
  • Optimizing Maintenance and MRO Stores Coordination
  • Planning and Scheduling in a Complex Maintenance Environment
  • Going Mobile with PeopleSoft Maintenance Management
  • In-Depth Look at Fleet Preventive Maintenance
  • Return on Investment: Expected and Unexpected Benefits
  • Construction, Operations and Maintenance for Sustainability

A: The content can be used and incorporated to help companies drive toward maintenance excellence and better utilization of their products.

A: Tours of Orlando Utilities Commission (Generation Plant or Fleet or Facilities) to view one of Oracle’s EAM products in action to support maintenance.

That’s quite a topic lineup.  Worth going for that alone, if history is any indicator.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

More Oracle-related posts.

Why Should I Attend the 5th Annual Oracle Maintenance Summit? (Reasons #9-11)

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A: Oracle, as the event organizer, will ensure the focus of commercial banking dayton oh on delivering a reliable Asset Lifecycle Management program through people, process and technology.

A: Simply stated, there is no Bankruptcy HQ event where you can meet as many customers and people in the Oracle EAM community.

A: Aligning with the theme of the 5th Annual Maintenance Summit, ‘Drive Reliability and Sustainability with Teamwork and Technology,’ attendees will be able to interact and learn from speakers such as:

  • Greg Rodeghier, CIO/VP of Information Technology, Orlando Utilities Commission
  • Sean D. Tucker, Worlds Leading Civilian Air Show Pilot from Team Oracle
  • Chuck Armbruster, Corporate Reliability Engineer Manager, The J.M. Smucker Company
  • Bradley Robertson, Continuous Improvement Leader, ESCO Corporation
  • Lonnie Elwood, Corporate Sustainability Director, Orlando Utility Commission
  • Birgit Walker, Director, Facilities Operations and Finance, Stanford University School of Medicine
  • Oracle Strategists on Oracle’s maintenance product direction

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

More Oracle-related posts.

MIPRO at the Houston Regional User Group (HRUG) Tomorrow

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Tomorrow, we will be speaking at the Houston Regional Users Group at theimage Oracle Houston Office.  Nationally known as a PeopleSoft ALM/EAM guru, he’ll spend an hour giving an overview of PeopleSoft Asset Lifecycle Management (especially Maintenance Management) and why it’s becoming so popular.

Specifically, this session will focus on the value of an integrated ALM solution.  David will have a chance to talk about the business value he’s achieved by implementing a integrated maintenance solution (particularly vs. best-of-breed products).  He’ll also provide an overview of the broader PeopleSoft ALM solution as well as reflect on the experiences of his many implementations.

If you’re in the Houston area and considering PeopleSoft ALM, don’t miss this.

Where?

Houston Oracle office

Two Allen Center, 1200 Smith Street, Suite 1500, Houston, TX 77002

Map picture

When?

11:05 AM —12:00 PM

Contact

Bobby Hoeflich (bhoeflich@oyogeospace.com) or Ken Botyos (ken.botyos@insightsoftwaresouth.com) if interested.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management), Workday and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

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Asset Intelligence: One of the 12 Most Important Technology Trends

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CIO Zone has a very good list of what they consider to be 12 of the hottest emerging tech trends for the enterprise. One in particular — Asset Intelligence — caught my eye. Here’s their synopsis:

Today, with advances in auto-ID, sensors, remotes and wireless devices, it’s now possible for any and all business assets to transmit data and initiate events. This provides companies with the opportunity to redesign their IT environment using assets — anything that’s important to the company. Asset intelligence provides information such as the temperatures and humidity levels of facilities and the location of raw materials. But being able to piece events together and respond to the signals generated by the assets proactively is what really makes this trend valuable.

A lot of companies look at asset maintenance and intelligence as a cost-conservatism function, which it certainly is. The more control and granular visibility you have over your assets, the better you can control depreciation rates, repair expenses and operational cost. This thinking is true, but nothing terribly new.

The part a lot of organizations miss is that technology now exists — really exists, not just in a fledgling state waiting for the brave enterprise to play with — to enable your assets to feed data into an intelligence/correlation/alerting engine. This means that very granular data can give rise to sophisticated events based on custom rules that allow your organization to respond to impending failures or problems before they occur. Your assets — once considered Excel-tracked inanimate objects that cost a lot of money per quarter to keep running — are now data nodes within your IT environment. Smart grid, anyone?

(A parallel: Consider the rules you likely have in place to monitor application performance. You probably have KPIs defined that are tied to alerts, and when one or two KPIs start heading south and tossing alerts all over your dashboard, you know you have an end-user situation imminent. But you can react and repair before the helpdesk lights up. Asset intelligence brings the same level of prediction and proaction to asset problems.)

We do a lot of work in the asset maintenance space here at MIPRO (you can download our widely-read whitepaper here). What we see, especially coming off the recession, is a tremendous surge in the number of companies who are pulling their assets into an integrated solution like PeopleSoft’s ALM suite. We’re seeing a migration away from best-of-breed solutions, mainly because the ability to integrate maintenance data into broader ERP systems like FMS, Project, Supplier and SCM pay huge dividends to the organization willing to do the governance and intelligence work up-front.

If you’re in an asset-intensive industry, asset lifecycle management is something you should check out, if you haven’t already (especially if you’re already a PeopleSoft shop). If you have checked it out but still have questions, email us and we’ll be happy just to chat with you.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management), Workday and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

More PeopleSoft posts.