Infor10 Enterprise Asset Management (EAM)

In today's tough economic climate it is far more cost effective to look after the assets that you already have rather than prematurely replacing them due to poor maintenance practise.

Underperforming assets can negatively affect the health of an organisation by increasing costs, decreasing production and productivity, exposing the business to violations of safety regulations and compliance requirements and reducing customer satisfaction - all of which can decrease profitability and inhibit growth.

Sapphire are helping companies to prolong the life of their existing assets, reduce their maintenance costs, increase their revenues and ensure that they comply to various industry regulations and legislative requirements. Through an effective enterprise management solution, Sapphire can help you to analyse and prioritise the maintenance of your assets, in order to optimise your asset portfolio in line with your strategic, operational and environmental goals.

Enterprise Asset Management, properly implemented, will enable you to make tangible improvements in the efficiency and cost-effectiveness of your asset infrastructure. The solution will enable your business to reduce costs, risk and increase revenue by gaining operational control of maintenance. From this foundation, you are supported in making informed decisions about the maintenance of each asset and its supply chain. We achieve this through:

Infor's EAM system

Optimisation of your maintenance procedures

Labour planning and scheduling

Inventory optimisation and procurement review

Infor EAM benefits

Infor EAM significantly improves your insight into the asset performance, costs and regulatory compliance. With this increased insight comes the opportunity to achieve an even greater return on your investment in property, vehicles, plant and equipment.

Research tells us that the potential impact of EAM is enormous. For example:

10% Reduction in energy consumption

Reduce emission of pollutants, helping to meet regulatory mandates and strengthening your company's green business practices

5% of capacity lost due to poorly managed maintenance practices regained

10% of capital budget is often spent on unnecessary replacement of assets due to premature failure

30% excess inventory held because of a lack of understanding of asset consumption, which can be reduced with EAM

10% additional Inventory held because of a lack of asset standards and no guidance on planned obsolescence decision-making

20% excess MRO spend because the consumables, spares and repair strategies are not implemented by asset criticality classification

5% extra labour costs per day or an average of 30 minutes per day per maintenance resource wasted because of the inability to quickly source and locate materials

Companies will continue to feel the heat from shareholders, customers, government agencies, and competitors to improve efficiency and reduce risk.

With Infor EAM, Sapphire can help customers create a financially and environmentally sustainable business with reduced risk.

Companies are taking a new approach to improve asset operating performance and improve their Green Credentials

The current lean approach of reducing waste in all its forms (e.g., inventory, downtime, and non-value-adding paperwork) has lowered costs and increased profitability, but today that's no longer enough, given the economic and environmental uncertainty of energy. As a result, evolving lean best practices now include monitoring and managing the energy consumption of assets. The classic asset management view typically ignores energy consumption, which in terms of cost represents 30% to 90% of most companies operating and maintenance expenses today, excluding personnel. In contrast, the new operational goal is to optimally manage both operational success and energy efficiency.

Using sound lean practices, companies are now focusing on four major areas of waste as they review asset performance:

Availability - is critical for the asset to serve the company as intended

Performance - how well the equipment is behaving compared to its operational specifications

Quality - how good an assets output is can have a material impact on the company's margin

Energy consumption - is increasingly costly, and has become an integral element of asset performance

Think about this, a single 100-hp motor running continuously at 95% efficiency over a five-year period will cost a company close to £350,000 in energy (10p/kwh). If the same motor consumes just 5% more energy due to suboptimal operation (e.g., energy waste), it will cost almost £17,500 more to operate and will generate significantly more CO2. By monitoring energy usage, companies can gain a view of the asset's true operating costs and take the appropriate action to reduce their operating costs and lower their green house gas emissions. Infor EAM Asset Sustainability Edition is a natural evolution of the widely used Infor EAM solution. Infor EAM Asset Sustainability Edition integrates energy management with asset management. With Infor EAM Asset Sustainability Edition, Infor has redefined enterprise asset management from a solution that helps you maintain and extend the life of your assets to a solution that also can help you lower costs and reduce CO2 emissions by reducing your energy consumption. As your business continues to respond to consumers and regulatory agencies who demand a more environmentally conscious approach, it makes good business sense to include asset management as part of your CSR and green strategy.

For more information, please contact us.