Maximizing the value of IFS Enterprise Asset Management (EAM)
By Jerry Browning
Senior Advisor, ERP, Tsunami Tsolutions
IFS Enterprise Asset Management (EAM) software goes beyond industrial maintenance work management to tie the operations necessary to maintain and sustain an asset—from workforce to spares and repairs to contract management—in with the value the asset produces and the cost of asset maintenance and operation. McKinsey, in a July 2024 article, identified maintenance as a potential bottleneck in production capacity, with mobile technology playing a key role. Authors pointed out plant floor supervisors are spending about half the time they should supervising. The authors write:
“Early adopters show how using customized apps in manufacturing operations, for example, can help frontline employees see not only what they are doing but also the value their work is creating. The challenge for companies is to create platforms that replicate these results wherever possible, via apps for everything from monitoring equipment and planning maintenance work orders to guiding defect resolution or extracting strategic insights for production planning.”
According to Deloitte meanwhile, predictive maintenance increases productivity by 25 percent, reduces breakdowns by 70 percent and lowers maintenance costs by 25 percent. Layer on top of these and other benefits the ability to make intelligent and profitable asset management decisions and it becomes clear advanced usage of EAM software is critical not just for asset management and reliability, but productivity.
As advanced practitioners with IFS EAM software, Tsunami Tsolutions will at IFS Unleashed share deep insights into how and why to maximize return on productive assets with the software. Who are these insights for? Current or prospective users of IFS Enterprise Asset Management (EAM) software including:
- •Companies ramping up net new asset portfolios in growth industries including renewable power, outside plant fiber communications, biomedical and others
- •Companies managing a net new asset portfolio after mergers and acquisitions.
- •Companies that must support decisions to extend the life of aging asset portfolios, or in some cases digitize their operations for the first time.
- •Food and beverage, where high profile quality issues can be attributable to poor maintenance or equipment degradation
- •Aviation, which is often still on paper-based systems, with asset operators under increasing regulatory and efficiency pressures to digitize
- •Defense, which is facing multiple challenges including refit of military equipment returning from the Gulf, extended tours of duties for warships in an uncertain world and resent of equipment returned from overseas including the useable, disposition of serviceable, usable and repairable property and increasing needs to make more tactical use of asset data
- •Maritime industries and ports, where major asset expansions or reconstruction due to rising sea levels has to be balanced against current demands for throughput
- •Fossil fuel, with its need to service and operate distributed assets across a series of oilfields or mines and plant assets in refineries, offshore vessels and oil and gas rigs and compression
- •Traditional power generation, transmission and distribution for new and established plant assets and linear assets like power lines and pipelines
IFS EAM Evolution
As asset-intensive companies are forced by market conditions, regulators and competitors to evolve how they manage their assets, IFS has evolved IFS Applications and IFS Cloud to keep pace or run ahead. Who at your company is charged with keeping up with these capabilities and leveraging them in your business?
Be honest. Nobody. Even if you had a full-time technologist charged with optimizing your IFS EAM instance, will they have the necessary expertise in the product and asset maintenance?
When you work with Tsunami Tsolutions, you work with former IFS EAM product managers and experts, technical consultants to functional consultants to maintenance domain experts who can expose the most advanced product capabilities.
At our IFS Unleashed exhibit, we will share deep insights on:
- •How IFS EAM software is evolving to deliver advanced internet of things (IoT) capabilities
- •Compelling EAM capabilities that should motivate you to migrate from IFS Applications to IFS Cloud
- •The increasing role of AI in the IFS EAM product set
- •Special considerations during IFS EAM software implementation to maximize return on the investment
New partnership leverages expertise of both companies to field FireSwarm’s integrated response platform
Over decades in aviation, Tsunami Tsolutions has seen airlines, particularly smaller ones with fewer configuration engineers and mechanics, struggle to confidently verify that aircraft are configured with the right allowable parts.
Learn the the vulnerabilities A&D manufacturers face from their own aerospace and defense (ERP) software.
ERP and MRP were designed for repetitive manufacturing. How are IFS and Tsunami Tsolutions delivering shipbuilding ERP?
Maximizing the value of IFS Enterprise Asset Management (EAM)
By Jerry Browning
Senior Advisor, ERP, Tsunami Tsolutions
IFS Enterprise Asset Management (EAM) software goes beyond industrial maintenance work management to tie the operations necessary to maintain and sustain an asset—from workforce to spares and repairs to contract management—in with the value the asset produces and the cost of asset maintenance and operation. McKinsey, in a July 2024 article, identified maintenance as a potential bottleneck in production capacity, with mobile technology playing a key role. Authors pointed out plant floor supervisors are spending about half the time they should supervising. The authors write:
“Early adopters show how using customized apps in manufacturing operations, for example, can help frontline employees see not only what they are doing but also the value their work is creating. The challenge for companies is to create platforms that replicate these results wherever possible, via apps for everything from monitoring equipment and planning maintenance work orders to guiding defect resolution or extracting strategic insights for production planning.”
According to Deloitte meanwhile, predictive maintenance increases productivity by 25 percent, reduces breakdowns by 70 percent and lowers maintenance costs by 25 percent. Layer on top of these and other benefits the ability to make intelligent and profitable asset management decisions and it becomes clear advanced usage of EAM software is critical not just for asset management and reliability, but productivity.
As advanced practitioners with IFS EAM software, Tsunami Tsolutions will at IFS Unleashed share deep insights into how and why to maximize return on productive assets with the software. Who are these insights for? Current or prospective users of IFS Enterprise Asset Management (EAM) software including:
- •Companies ramping up net new asset portfolios in growth industries including renewable power, outside plant fiber communications, biomedical and others
- •Companies managing a net new asset portfolio after mergers and acquisitions.
- •Companies that must support decisions to extend the life of aging asset portfolios, or in some cases digitize their operations for the first time.
- •Food and beverage, where high profile quality issues can be attributable to poor maintenance or equipment degradation
- •Aviation, which is often still on paper-based systems, with asset operators under increasing regulatory and efficiency pressures to digitize
- •Defense, which is facing multiple challenges including refit of military equipment returning from the Gulf, extended tours of duties for warships in an uncertain world and resent of equipment returned from overseas including the useable, disposition of serviceable, usable and repairable property and increasing needs to make more tactical use of asset data
- •Maritime industries and ports, where major asset expansions or reconstruction due to rising sea levels has to be balanced against current demands for throughput
- •Fossil fuel, with its need to service and operate distributed assets across a series of oilfields or mines and plant assets in refineries, offshore vessels and oil and gas rigs and compression
- •Traditional power generation, transmission and distribution for new and established plant assets and linear assets like power lines and pipelines
IFS EAM Evolution
As asset-intensive companies are forced by market conditions, regulators and competitors to evolve how they manage their assets, IFS has evolved IFS Applications and IFS Cloud to keep pace or run ahead. Who at your company is charged with keeping up with these capabilities and leveraging them in your business?
Be honest. Nobody. Even if you had a full-time technologist charged with optimizing your IFS EAM instance, will they have the necessary expertise in the product and asset maintenance?
When you work with Tsunami Tsolutions, you work with former IFS EAM product managers and experts, technical consultants to functional consultants to maintenance domain experts who can expose the most advanced product capabilities.
At our IFS Unleashed exhibit, we will share deep insights on:
- •How IFS EAM software is evolving to deliver advanced internet of things (IoT) capabilities
- •Compelling EAM capabilities that should motivate you to migrate from IFS Applications to IFS Cloud
- •The increasing role of AI in the IFS EAM product set
- •Special considerations during IFS EAM software implementation to maximize return on the investment
New partnership leverages expertise of both companies to field FireSwarm’s integrated response platform
Over decades in aviation, Tsunami Tsolutions has seen airlines, particularly smaller ones with fewer configuration engineers and mechanics, struggle to confidently verify that aircraft are configured with the right allowable parts.
Learn the the vulnerabilities A&D manufacturers face from their own aerospace and defense (ERP) software.
ERP and MRP were designed for repetitive manufacturing. How are IFS and Tsunami Tsolutions delivering shipbuilding ERP?
© 2021 TSUNAMI TSOLUTIONS
© 2021 TSUNAMI TSOLUTIONS