Perhaps one of the biggest challenges for companies—especially asset-intensive organizations—is how to effectively manage all their different types of assets, without creating a huge management workload that impacts the bottom line. Every asset has a lifecycle. The key to effective asset management is knowing where a particular asset is in its lifecycle—at any given moment—and whether it is providing value to your business. If you know the current state of an asset, then you can intelligently plan and budget for updates, replacements and other changes in an asset's lifecycle.
Oracle's Asset Lifecycle Management leverages integration with Oracle E-Business Suite to deliver critical information across many departments within an organization. Improve equipment reliability and plant utilization with solutions that offer real-time collaboration and adaptive procedures. Transform your organization from fragmented and reactive to customer-centric and predictive.
Oracle's Asset Lifecycle Management enables organizations to:
Improve productivity with real-time analytics and better PM schedules
Align the value chain with demand-driven spares, MRO materials, and maintenance management that is integrated with financials and operational scheduling
Enforce compliance to better control risks, adhere to closed-loop inspection procedures, and ensure worker safety