SAP Service and Asset Management provides integrated, end-to-end capabilities for enterprise asset management. The solution enables organizations in capital-intensive industries such as aerospace and defense, automotive, chemicals, oil and gas, mining, and utilities to manage all phases of the asset life cycle.

With the SAP solution for enterprise asset management, asset owners and operators, asset service providers, and all parties in the asset service network have real-time visibility into asset performance and maintenance. So you can reduce operating costs, manage capital expenditures, and improve asset use and productivity.

The SAP solution for enterprise asset management allows you to 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.