The IBM Maximo Asset Management solution provides a modularized management environment that helps you to capture and analyze your asset and work data, and to optimize maintenance and service initiatives throughout your enterprise. Built on a Java™ Platform, Enterprise Edition (Java EE) component-based Internet architecture, Maximo Asset Management fits in any modern enterprise technology infrastructure and integrates easily with your business systems.

IBM Maximo Asset Management is an integrated productivity tool and database that helps you manage all of your asset types on a single software platform. Built on a service-oriented architecture (SOA), Maximo Asset Management delivers you a comprehensive view of all asset types, their conditions and locations, and the work processes that support them, to provide you with optimal planning, control, audit, and compliance capability. The Maximo database provides critical information about asset resources, including key attributes, their configuration, and their physical and logical relationships to other resources.

By using the Maximo Asset Management user interface, you can establish key performance indicators (KPIs) to monitor asset conditions and trigger automated action based on changes. You can create, assign, monitor, notify, and report on key process components such as work orders, service desk tickets, and purchase orders, including status, from start to finish.

Maximo Asset Management lets you manage end-to-end asset operations and business processes to deliver efficient and effective services aligned with your business goals. It provides a comprehensive and modular approach to integrated asset control and visibility by providing an enterprise platform for storing standardized data on asset histories to help integrate people, processes, information, and technology. Managing assets through Maximo Asset Management gives your business a competitive advantage.

Asset management

You can achieve the control that you need to more efficiently track and manage asset and location data throughout the asset life cycle. Use Maximo Asset Management to achieve these goals:

• Track asset details including location, work, cost and other attributes and their histories, over time, to help maximize productivity and extend asset life.
• Establish location and asset hierarchies to roll up costs across systems, subsystems, departments and locations, to get a better understanding of the true cost of assets (such as the initial cost, financial value, and cost to maintain).
• Monitor asset and location conditions to enable proactive (instead of reactive) maintenance that helps reduce unplanned downtime.

Work management

You can manage planned and unplanned maintenance activities, from initial work request and work order generation through completion and recording of actuals. Work planners can match job tasks to available resources, estimate and obtain approval of costs, establish priorities, and initiate maintenance activities across the enterprise. Work management supports your business goals by providing the following benefits:

• Tracking tools enable more detailed analysis of resources, inventory and equipment use and costs, helping decrease labor and materials costs.
• Multiple assets, locations and configuration items are allowed per work order or ticket. Work management also supports work order tracking, task sequencing, attaching documents at the task level and generating work orders from asset information.
• A graphical assignment manager helps optimize maintenance schedules and labor use by assigning the right person with the right skills to the right job.
• Preventive maintenance functionality that you can use to set preventive maintenance schedules with the right job steps and resource requirements, facilitating the planning and the work, to help reduce unplanned downtime and reactive maintenance.
• Work management tools enable job plan hierarchies, automated workflow processes, enhanced status control, and support for linear assets.
• Contract correlation links Service Level Agreements to vendor contracts so that you can identify unreliable vendors and low-quality products. You can also reference Service Level Agreement performance metrics when renegotiating vendor terms.
• Automatic notifications and alerts help you meet vendor terms, avoid penalties, and get the most value out of every contract.

Materials management

You can manage your materials by recording material movements and changes, implementing real-time inventory tracking, recording material movements and adjustments, allowing for real-time inventory tracking, reporting, and auditing. This flexibility helps you to know the details at a glance regarding asset-related inventory and its usage including the asset type, quantity, date, location, and value.

• Track inventory transactions to help streamline parts and materials management.
• Decrease costs by eliminating excess or obsolete inventory.
• Optimize and plan inventory to more accurately meet maintenance demand, ensuring that the right parts are available at the location where they are needed. As a result, you can help to reduce the incidents of running out of stock or having insufficient inventory, and paying the costs of carrying too much inventory.

Procurement management

You can help to support the phases of enterprise-wide procurement, including direct purchasing and inventory replenishment. Maximo Asset Management easily integrates with enterprise business systems from vendors such as Oracle and SAP, and also connects to online marketplaces, supplier systems and exchanges.

• Vendor management and vendor performance analysis tools that can help reduce costly off-contract buying, and help verify the reliability of vendors and the quality of inventory and services.
• Automated interval-based, meter-based, or event-driven purchasing capabilities to help you order the right parts and services at the right time, which can improve purchasing efficiency.
• Global purchasing support that can enable group purchasing savings and efficiencies, and can help lower sourcing costs.
• Analysis tools and key performance indicators (KPIs), which measure procurement performance such as order processing times, invoice accuracy and order delivery times.

Service management

Your users can submit new service requests, and track and update open service requests. You CNN apply additional service management best practices by using IBM Tivoli Service Desk and further align asset management priorities with overall business objectives.

• Define service offerings to help improve organizational communication and verify that provided services are required to support the business.
• Establish service-level agreements (SLAs) to help increase communication between your organization and the business units, and help align service levels with business objectives.
• Proactively monitor service-level delivery and compare to metrics to avoid missing service-level commitments.
• Implement escalation procedures to better manage the resources that support service-level commitments.

Contract management

You can gain more control over your vendor contracts with this integrated contract management system. It provides comprehensive contract management that includes support for purchase, lease, rental, warranty, labor rate, software, master, blanket, and user-defined contracts.