If your assets could talk, what would you ask them?

Transcription

1 Intelligent asset management If your assets could talk, what would you ask them? Reduce downtime and extend asset life, while lowering maintenance costs and operational risk The better the question. The better the answer. The better the world works.

2 Digital enablers can make assets talk to each other and human technicians and managers Supply chains and operations are undergoing radical restructuring to balance increasing needs for agility and responsiveness against driving down costs and improving cash. Intelligent asset management offers organizations complete visibility and control of their assets throughout their life cycle and the ability to substantially cut costs. The resulting benefits solve many organizations current asset management pain points: Optimize maintenance, extend asset life and reduce costs by predicting and diagnosing asset failures with enough lead time to effectively plan maintenance before it becomes an emergency. Improve service performance, reduce labor costs and increase safety with real-time performance tracking and issue detection, automated work orders and tool dispensing, and remote guidance during repairs. Accelerate inventory, audit, receiving and asset find times with asset locations updated and alerted in real time. Organizations are aware of the potential for digitally infused assets to revolutionize asset management but, to date, full-scale implementation has been seen as risky and expensive. Only a few leading firms are investing in innovating their asset value chains. Intelligent asset service Connected assets with issue alerts Intelligent asset track and trace Real-time tracking of assets internally and externally Guided scheduled maintenance Intelligent asset maintenance

3 EY s purpose-built services help take the risk and cost out of moving to intelligent asset management. EY s Supply Chain and Operations practice provides end-to-end services for organizations requiring a technology supported approach for asset management. We blend digital offerings (Internet of Things (IoT), mobile, analytics) with leading technology to provide leading class services in: Intelligent asset maintenance: Benefits: Schedule maintenance Improved turnaround times Higher quality maintenance Machine performance indicators and metrics, such as vibrations, revolutions per minute (RPM) g-shock and humidity are transmitted to cloud Job order Certified technician Allocation Technician remote guide & SOP Fix completion Better compliance to standard operating procedure (SOP) Automated technician allocation based on availability, skills and certifications Remote guidance through mobile and AR Supervisor alerts

4 Intelligent asset service Benefits: Regular alerts of issue Technician allocation & fix is available to supervisor Real-time performance alerts Technician allocation based on availability and certifications Machine performance indicators and metrics, such as vibrations, revolutions per minute (RPM) g-shock and humidity are transmitted to cloud. Issue alert Tools aggregated based on issue type Aggregated tools delivered to technician Job-based authentication Real-time allocation of the tool kit Tool kit aggregated based on the asset issue Authentication-based asset disbursal Tools integrated with Enterprise Resource Planning (ERP) Job order creation by issue type Job allocation based authentication Intelligent asset track & trace Benefits: Operations and management can track an asset s health and position in real-time and act immediately if needed Gateway Assets can be dynamically tracked and controlled across modes and Asset loading & tracking geographies Assets communicate and interact Central monitoring and on-hand monitoring while mobile Asset pieces can be monitored and tracked via their RFID tags and smart labels Shipment X Asset 1 Asset 2 Assets can intelligently talk to each other and get work done automatically Assets health can be dynamically monitored and tracked while on the move with each other intelligently

5 Why EY? Digital is embedded in everything we do. We have been: Named a Leader according to the IDC MarketScape worldwide digital strategy consulting services for digital operations vendor assessment report 1 Named a Vanguard Leader for digital supply chain planning and design consulting 2 Named a Leader in digital logistics consulting by ALM Intelligence in its report entitled competitive landscape analysis 3 Digital Supply Chain & Operations practice Sector SMR* SSL SMR s* Design theater Animation Video Innovation research Innovation strategy Storyboard Business Design Open innovation Experience design EY competencies Mobile Advanced analytics Ideation AR Digital Robotics and artificial intelligence Cybersecurity Solution architect Microsoft Cloud IoT Social EY has a proven track record of helping organizations transform their warehouse operations using leading technology platforms, software and leveraging digital capabilities such as IoT, 3D printing, robotics, predictive analytics, machine learning and augmented reality. We can help connect your organization with an ecosystem of digital players: vendors, technology assosiates, academic institutions and start-ups. Over 20,000 entrepreneur companies A dozen strategic technology associates Over 100 digital technology platforms and products Access to global peer networks within and from other industries 1 IDC MarketScape: Worldwide Digital Strategy Consulting Services for Digital Operations 2016 Vendor Assessment January 2017, IDC #US *Sub-service line subject matter resources (SSL SMRs) 2 ALM Intelligence s Digital Supply Chain Planning and Design Consulting 2016 (September) 3 ALM Intelligence s Digital Logistics Consulting 2016 (November)

6 Is your business strategy fit for a digital world? We live in an age of innovation and digital is transforming everything we do. It is changing the possibilities, affecting every individual, organization, business and government. EY Advisory believes a better working world means helping clients solve big, complex industry issues and capitalize on opportunities to grow, optimize and protect their businesses. We believe that embracing and exploiting digital will make the difference between your organization evolving or dying. We help you see some of the practical applications and measurable benefits of doing digital better. Digital is an end-to-end business challenge. Our holistic approach to digital inspires us to ask better questions. We can help you develop and execute an agile business strategy that enables you to adapt to a constantly changing digital environment thereby seizing opportunities and managing risks at every stage of your value chain. Together, we can help you design better outcomes and realize long-lasting results, from strategy to execution. The better the question. The better the answer. The better the world works. For further insights please visit ey.com/digital Ernst & Young LLP EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. Ernst & Young LLP is one of the Indian client serving member firms of EYGM Limited. For more information about our organization, please visit Ernst & Young LLP is a Limited Liability Partnership, registered under the Limited Liability Partnership Act, 2008 in India, having its registered office at 22 Camac Street, 3rd Floor, Block C, Kolkata Ernst & Young LLP. Published in India. All Rights Reserved. ED None This publication contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. Neither Ernst & Young LLP nor any other member of the global Ernst & Young organization can accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication. On any specific matter, reference should be made to the appropriate advisor. Ashish Nanda Ernst & Young LLP Partner & Leader Supply Chain Advisory Services ashish.nanda@in.ey.com EY LinkedIn EY India EY India careers ey_indiacareers