Asset management is one of the most important pillars for business success, especially for companies that depend on physical assets for production. This includes sectors such as manufacturing, energy, transportation, and infrastructure.

The ability to optimize asset utilization, ensure availability, and reduce operational costs is crucial. This helps guarantee the competitiveness and sustainability of operations. When done well, asset management can lead to significant gains in productivity, efficiency, and profitability.

However, companies face a range of challenges in asset management. Obstacles such as high maintenance costs, unexpected asset failures, and the complexity of integrating management systems and data often arise. To overcome these difficulties and ensure operational efficiency, companies need comprehensive solutions like IBM Maximo.

In this article, we will explore how asset management with IBM Maximo can not only reduce costs but also increase operational efficiency. All of this comes from an intelligent platform based on real-time data, process automation, and integration with other systems like SAP. Let’s dive in!

What Is Asset Management and Why Is It Crucial for Your Company?

Asset management involves the complete control of an asset’s lifecycle within a company. The process covers everything from acquisition, through preventive and corrective maintenance, to asset decommissioning. This management includes equipment, infrastructure, and even critical technologies essential for operations.

For industries such as manufacturing, energy, and transportation, assets are vital for continuous, uninterrupted production. Therefore, efficient asset management is not just a good practice but a strategic necessity.

Efficient asset management includes planning, continuous monitoring, preventive maintenance, and the integration of data and processes to reduce costs and increase asset availability. As mentioned earlier, many companies still face challenges such as high maintenance costs, unexpected failures, and difficulties integrating management systems.

These challenges become even more complex when dealing with companies reliant on critical and heavy assets — for example, Oil & Gas platforms, power plants, and manufacturing industries.

In these sectors, the failure of a single asset can result in severe consequences, including unexpected downtime, significant financial losses, or major impacts on production.

How IBM Maximo Solves the Main Challenges of Asset Management

IBM Maximo is an advanced and comprehensive solution for enterprise asset management (EAM). It is designed to help companies reduce operational costs, increase operational efficiency, and maximize asset lifespan through system integration, process automation, and real-time monitoring.

Integration with Existing Systems (such as ERPs)

One of the biggest challenges in asset management is integrating with existing systems. Many companies use enterprise management systems like SAP, but lack of integration between systems can lead to scattered data and manual processes, increasing the likelihood of errors and reducing efficiency.

IBM Maximo integrates seamlessly with systems such as SAP, Oracle Cloud, MXM, and Totvs, creating a centralized view of all assets, maintenance data, and operations. This provides a continuous flow of data, enabling maintenance, management, and operations teams to make informed and timely decisions. The integration not only facilitates coordination among different departments but also improves transparency and reduces the risk of operational failures.

Automation of Maintenance Processes

Process automation is one of the greatest benefits of IBM Maximo. Through automation, preventive maintenance processes, asset planning, and inventory management are carried out automatically, eliminating the need for repetitive manual tasks. The automation of service orders and maintenance management makes operations more agile, precise, and efficient.

Automation also enables more effective predictive maintenance. IBM Maximo uses real-time data from integrated sensors and monitoring systems to predict failures before they occur. This not only minimizes downtime but also significantly reduces corrective maintenance costs.

Real-Time Monitoring

Real-time monitoring is another essential feature of IBM Maximo. Using sensors and Internet of Things (IoT) technologies, IBM Maximo collects data from assets and provides a detailed view of their performance and condition. This enables predictive maintenance, where failures are detected and addressed before they impact operations.

With real-time monitoring, maintenance teams have access to critical information about the status of each asset and can intervene quickly to prevent major problems. This reduces the risk of unexpected failures and increases asset reliability.

Success Cases and Real Benefits

Companies from various sectors are reaping concrete benefits from implementing IBM Maximo. Let’s explore some real cases that highlight how the solution has transformed operations and delivered tangible results.

Riyadh Airports Company (RAC) – Saudi Arabia

Riyadh Airports Company (RAC), responsible for managing one of the largest airports in Saudi Arabia, faced challenges in asset management and maintenance of critical equipment. The company adopted IBM Maximo and Mobility to optimize processes, achieving impressive results:

Elimination of 80% of maintenance documentation, reducing operational costs associated with paperwork and simplifying internal processes.

40% increase in inspector productivity, enabling faster and more precise inspections.

The integration of IBM Maximo with existing systems, including SAP, was crucial in improving RAC’s visibility and operational efficiency, resulting in smarter and more effective asset management.

Schiphol Airport – Amsterdam

At Schiphol Airport, the implementation of IBM Maximo software reduced the time between incident reporting and service response to less than one minute. This improvement increased operational efficiency and the responsiveness to maintenance demands.

With IBM Maximo, the airport was able to minimize downtime and enhance the productivity of its maintenance teams. This demonstrates how real-time monitoring and process integration are essential to operate efficiently.

Client Testimonials

Here are some testimonials reflecting how iT.eam and IBM Maximo have helped companies improve their operations:

“We count on the support of iT.eam’s analyst team for sustaining and developing improvements in the IBM Maximo solution. Their proactive work has delivered significant results to Coamo’s internal clients.”

— COAMO Agroindustrial Cooperative

“Managing a mature field is a great challenge. To achieve this goal, a good team and excellent data management are necessary. I have observed iT.eam’s dedication in maintaining a deep understanding of the Maximo system.”

— Brava Energia

Transform Your Asset Management with IBM Maximo!

IBM Maximo is the definitive solution for companies looking to reduce operational costs, increase efficiency, and maximize asset lifespan. With its ability to integrate with SAP, automate processes, and provide real-time monitoring, IBM Maximo offers the intelligent asset management your company needs.

Learn more about how IBM Maximo can transform your asset management and schedule a free demo today!

How Asset Management with IBM Maximo Can Reduce Costs and Increase Operational Efficiency