SAP provides integrated, end-to-end capabilities for enterprise asset management. With SAP, chemical companies can manage all phases of the asset life cycle. Asset owners, operators, and service providers can achieve real-time visibility into asset performance and maintenance. And SAP can enable the implementation of management strategies from extremely basic to highly sophisticated, all with the goal of maximizing overall equipment effectiveness (OEE).

Using SAP solutions, chemical companies can reduce operating costs, manage capital expenditures, and improve asset use and productivity. You can manage key asset management activities, including:

• Investment planning and asset specification and design – Gain control over business planning and simulation, investment management, collaborative specification and design, and collaborative project management.
• Procurement and asset construction, installation, and implementation – Optimize supplier qualification and candidate selection, bidding and contract management, collaborative project management, collaborative change management, information handover for commissioning and startup, and project and investment controlling.
• Maintenance and operations management – Handle technical asset management, maintenance planning and execution, preventive and predictive maintenance, reliability-centered maintenance, mobile asset management, MRO parts and services procurement, MRO inventory management, employee and contractor management, asset accounting and maintenance budgeting, and asset performance analysis.
• Decommissioning and disposal – Perform asset transfer and disposal, collaborative engineering and project management, waste management, regulatory compliance management, and asset remarketing.

For more information about solutions that support enterprise asset management, read about SAP for Chemicals, SAP Product Lifecycle Management, SAP Manufacturing Integration and Intelligence, and SAP Mobile Asset Management.