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" An effective
enterprise asset management solution for monitoring and managing the deployment, performance, and maintenance of company assets may be the
single most important tool for preventing operational surprises and uncovering hidden profits.
Infor EAM (Enterprise Asset Management) enables manufacturers, distributors, and services organizations to save time and money by optimizing maintenance resources, improving equipment and staff
productivity, increasing inventory efficiency, and strengthening their ability to collect on warranty-related
claims."
Source : Infor
Enterprise Asset Management Strategies: Creating Social and Financial Value by Going Green
Enterprise Asset Management Strategies is also known as :
Enterprise Asset Management,
Enterprise Asset Management Strategies,
Applying Lean Management,
Asset Performance Management,
Enterprise Asset Management Software,
Strategies for Asset Performance Management,
Asset Management Strategies Creating Social,
Enterprise Asset Management System,
Asset Management for Green Manufacturing,
Asset Lifecycle Management,
Asset Utilization,
Asset Inventory Management,
RFID Asset Management,
ERP Asset Management,
Global Asset Sustainability,
Overall Asset Management Strategies,
Asset Management Maximizing Return,
Asset Management Strategies Making,
IPS Asset Management Solution,
Asset Management Strategy Resources,
30 Management Strategies,
Enterprise Asset Management Product Line,
Fixed Asset Management,
Digital Asset Management,
Latest IT Asset Management,
Report Enterprise Asset Management,
Value Chain Strategies Service,
Strategies Service Asset Management,
Improve Enterprise Asset Management,
Use Asset Management Strategie,
Role Asset Management,
Enterprise Asset Management Product,
Tags Asset Management,
Enterprise Asset Management Align,
Integrated Asset Management Strategy,
Enterprises Flunking Asset Management,
Listings for Enterprise Asset Management,
Extends Enterprise Asset Management.
Important information for those
in your organization who care
about the bottom line and the
environment:
- plant and facility managers
- financial managers
- senior executives
- others who share similar
concerns
What is Green?
Thousands of years ago, Egyptian farmers understood the
business value of optimizing their key processes and
making the most of their resources. By controlling the Nile's
loodwaters and reclaiming the fertile silt left behind, for
example, these agriculturalists were able to extend their
growing season and increase their crop production and
wealth, even in one of the most arid climates on Earth.
Business today is much the same. Enterprises use natural
resources to produce goods or deliver services. How those
goods and services are produced and delivered has an
impact on the environment. Progressive companies have
discovered that they can optimize their processes and
assets to make the best use of resources, reduce negative
impact on their surroundings, and strengthen their
business results-all at the same time. This is what InforTM
and others call "going Green."
Because of the omnipresent media coverage about
environmentalism and the ierce debate about global
warming, going Green may seem like so much hype.
However, as resources become less plentiful and more
expensive, the reality is that going Green is good business.
In Europe, for example, where energy costs are relatively
high, semiconductor maker STMicroelectronics spent $300
million to make its factories more energy eicient and
saved $1 billion from 1994 through 2006, according to an
article in The Wall Street Journal.1 Going Green can also
help organizations grow the bottom line.
Why go Green now?
While many organizations anticipate that government
regulations will soon require them to make changes in the
way they conduct business, customers, investors,
citizens, and even boards of directors are starting to apply
pressure today, further encouraging businesses and
municipalities to go Green. There is plenty of evidence to
suggest that organizations recognize the importance of
doing so sooner rather than later. Corporate and municipal
websites now often feature messages related to
"sustainability" and "corporate social responsibility." Large
enterprises are adding management positions to their
teams, such as "vice president of corporate environmental
programs" or "vice president of sustainability," and are
including environmental factors in their public reporting.
No matter what size the organization, however, no single
business or entity can solve all the issues facing society
today. So the question is, where does it make the most
sense to start? According to business thinkers Michael E.
Porter and Mark R. Kramer, "The essential test that should
guide CSR [corporate social responsibility] is not whether a
cause is worthy but whether it presents an opportunity to
create shared value-that is, a meaningful beneit for
society that is also valuable to the business." 2
Improving EAM provides that opportunity to create shared
value. When buildings, machines, vehicles, and services
operate and are maintained at peak condition, the result is
typically less waste, reduced resource (electricity, gas,
water) usage, and decreased greenhouse gas emissions.
Infor EAM: Executive Brief
When assets work as they should, results also can include a
more eicient operation overall, longer asset life, and more
satisied customers or residents and citizens.
In the past, efective EAM was diicult because of the large
amounts of data that had to be collected, processed, and
managed. Asset management was seen as an expense rather
than as an opportunity for top-line growth. Today's
technology, however, makes now the perfect time to consider
how asset management can be optimized to yield healthy
inancial and Green results.
How can technology help?
How does EAM technology help create value that beneits
society and an organization? Consider the efect of
automatically receiving an alert as soon as an asset's
condition becomes unacceptable. Fixing the problem in time
to prevent extended unplanned downtime or catastrophic
failure, as well as conserving the electricity, water, or gas that
the asset uses or conveys, makes inancial sense as well as
Green sense.
Or consider having the ability to track energy consumption
and rate details at the asset level. The enterprise could use
that information to determine whether it makes business and
environmental sense to invest in more energy-eicient
equipment to lower overall costs. Further, by having better
information to understand the lifecycle of assets,
organizations can determine the ideal time to make such
changes and budget accordingly.
The following list describes some of the functionality
enterprising organizations should look for in any EAM solution
in order to support Green initiatives.
Benchmarking. To make improvements, organizations need
to understand where they are today-what they use, what
they spend, how long assets live, etc., and be able to compare
that to past and future results. An efective EAM technology
solution will make it easy to collect, store, process, analyze,
and report on the enormous quantities of information
available to the organization about asset usage, energy
usage, resource consumption, output eiciency, emissions,
and more.
Integration. To go Green, organizations will need to integrate
data from multiple sources, such as applications for energy
management, utility bills, and environmental efects
monitoring or radio frequency identiication (RFID), and they
may want to link their EAM system with, for example, a billing
system that enables them to charge for the use of resources.
The chosen technology should be lexible enough to
accommodate today's needs as well as tomorrow's.
Automation. Work smarter, not harder. For example, an EAM
system should be able to generate early warning alerts to
help organizations ix little problems before they become big
problems. It should be capable of generating work orders in a
way that maximizes eiciency (e.g., assigning a person to
perform all the maintenance needed in one building on the
same day rather than sending multiple people to the site
multiple times). An EAM system could be used to track
energy usage by assets, for example, and then if it is
discovered that an asset is using more energy than it was
designed to use, the correct maintenance actions could be
deployed, thus reducing the amount of energy, which, in turn,
will result in decreasing greenhouse gas emissions as well
as energy costs.
Scheduling. To maintain peak operational eiciency of
assets, organizations should be able to rely on rich
scheduling capabilities in their chosen EAM system. Through
continuous asset monitoring and efective preventive
maintenance, businesses and municipalities can reduce their
carbon footprint while extending the life of their critical assets,
saving money for the organization.
Visibility. Having enough data is rarely a problem, but having
too much data or the wrong data often is. EAM technology
should allow enterprises to easily generate focused
dashboards, reports, and analyses that make it easy to
understand in an instant how assets are supporting Green
goals and initiatives, as well as the overall business or
organizational performance.
In summary, efective asset management can help
organizations conserve energy and other resources, reduce
greenhouse emissions, and decrease waste, even while it
helps lengthen asset life, increase uptime, contribute to
better-informed decision-making, and add to the bottom line.
EAM, then, is truly at the intersection of social responsibility
and inancial accountability.
To learn more about how Infor is helping enterprising
organizations like yours go Green, visit
www.infor.com/goinggreen.
Infor EAM solutions
More than 10,000 organizations worldwide-both public
and private-use Infor EAM software to better manage,
maintain, and track their assets, as well as drive better
decision-making in maintenance, inventory/warranty,
uptime, risk management, environmental sustainability,
and strategic planning. Infor EAM software features a wealth
of out-of-the-box functionality to help enterprises achieve
a fast return on investment, and is based on Infor Open
SOA (Service-Oriented Architecture) to enable the eicient
movement of information between business applications.
About Infor.
Infor delivers business-speciic software to enterprising
organizations. With experience built in, Infor's solutions
enable businesses of all sizes to be more enterprising and
adapt to the rapid changes of a global marketplace. With
more than 70,000 customers, Infor is changing what
businesses expect from an enterprise software provider.
For additional information, visitwww.infor.com.
Contact your local
Infor oice regarding
availability of products
in your region.
Infor Corporate Headquarters
13560 Morris Road
Suite 4100
Alpharetta, Georgia 30004
Direct: +1(678) 319 8000
Fax: +1(678) 319 8682
1 Leila Abboud and John Biers, "Business Goes on an Energy Diet," The Wall Street Journal, August 27, 2007.
2 Michael E. Porter and Mark R. Kramer, "Strategy & Society; The Link Between Competitive Advantage and Corporate Social Responsibility," Harvard Business Review,
December 1, 2006.