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© ABBSlide 1May 3, 2023
Enterprise Asset Management (EAM)
shifting from
© ABBSlide 2
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
COSOL
Asset Intensive Industry systems and strategy specialists.
Improve business processes to achieve business outcomes.
Pragmatic approach to exploiting emerging technologies.
ABB Services Partner
Global Presence
EAM Specialists
© ABBSlide 3
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
John SearlsConsultant, associate of COSOL
•24 years with Rio Tinto•Maintenance and asset management a common thread•Worked across business units, corporate functions•Various transformational programs, including Ellipse and global SAP rollouts
Asset Intensive Industry Focus
Shared views on the role technology can play in Asset
Management
30+ ERP/EAM go-lives between usBrad Skeggs
Managing Director – COSOL
•27 years delivering EAM solutions.•PM/ Sponsor for implementations in South America , Australia , United States, Mongolia. •Passionate about delivering customer productivity improvements via empowered teams of professionals
© ABBSlide 4
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
The last decade was clearly an investment phase
The last decade was clearly an investment phase
Source: Craig Sainsbury – Goldman Sachs
© ABBSlide 5
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
Productivity declined during that time
© ABBSlide 6
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
The next decade will be different
© ABBSlide 7
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
What happened with Productivity?
40h
60h
2000 2010
50%
70%
2000 2010
40%
2000 2010
60%
80%
© ABBSlide 8
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
What Asset Management Strategies need to shift?
from Schedule Capacity to Schedule for Margin
from Reliability to Predictability
from Schedule Compliance to Maintain on Need Alone
We are running the most expensive assets flat out
Our production schedule is optimised for margin
We need to maintain this equipment to be maintenance schedule compliant
We need to maintain this equipment to have schedule ready assets
We need to spend whatever it takes to have this asset reliable
We need to be able to predict the performance of this asset
© ABBSlide 9
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
What Asset Inbound Supply Chain Strategies need to shift?
from Cost Only to Cost and Cash Flow
from “Just in Case” to Cost of Capital
from Warehouse Capacity to Vendor Capacity
An Inventory purchase was only a balance sheet hit not an EBIT hit!
That ROP reduction means less short term PO’s and less payments
A recurring theme is customers provisioning for all eventualities
Better utilise your vibrant vendor community. Be creative!
Those Insurance may not be all that you are expecting them to be!
Dealing with POTOBS improves cash flow saves costs and improves
asset predictability
© ABBSlide 10
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
The next 5 years for the CIO
The Challenge is to be relevant at
the C Level Table by bringing
innovation and technology
© ABBSlide 11
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
Some Possible Themes
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Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
Is this the new Golden Age for EAM Systems?
© ABBSlide 13
Enterprise Asset Management – Shifting from Investment to Exploitation
May 3, 2023
Questions?
@COSOL_int
COSOL
www.cosol.com.au
+617 3129 3341
