Ramco Asset Management component including Fixed Asset Management and Maintenance Managemen t provides comprehensive capabilities to help companies plan, acquire, manage, maintain and dispose their entire assets effectively. From the operational perspective, it helps companies achieve maximum asset availability by reducing unplanned breakdowns, streamlining work practices, enhancing equipment life, minimizing equipment lifecycle costs, and increasing labor productivity.
Ramco Asset Management’s Maintenance Management
This module provides you with advanced features to effectively execute your Asset Induction and Work Management processes. You can set up and manage an efficient maintenance organization including an unlimited hierarchy of geographical, functional, or planning attributes. Tools are tracked in a flexible inventory system that includes serial numbers and hourly rates among others. An asset induction process includes equipment definitions along with cost center details. Failure groups can be established to aid in failure analysis and for the formulation of troubleshooting steps.
At the same time, the ERP offers comprehensive provisions for work management with tasks and procedures along with defined work elements. Work logs facilitate log book reporting of incidents and observations. Work requests feature automatic routing based on rules with completion status tracking. A complete work order system ensures tracking and control of assets and labor costs while a planning and scheduling system prioritizes work orders based on parts availability and resource loads.
Maintenance scheduling can be both preventative and predictive based. Schedules can be defined based on time or usage along with consumption parameters such as operating hours or fuel consumed. Rules can be applied to link maintenance to other equipment, availability, seasonal considerations, as well as inspections and observations. The outage management facility aids the definition of large projects when, for instance, a plant is shut down.
The permit facility ensures safety and clearance permits are managed to prevent damage or injury. A calibration capability specifies parameters for adjustments to equipment. A planning capability for maintenance budgeting is available along with a complete history of maintenance for all equipment. Asset Management includes real time integration (RTI) capabilities with standard SCADA/DCS/PLCs/Industrial controls.
Ramco Asset Management’s Fixed Asset Management
Our Fixed Asset management module comes with a whole host of features and automated tasks that make dealing with your physical assets almost effortless. It can monitor the organization's capital purchases through budgets - right from the proposal stage, through purchase request and ordering until it is ultimately received, constructed and capitalized. Be it simple equipment or a complex plant and machinery, our solution will enable you to keep track of through main asset numbers and tags within main numbers.
You can handle all activities in asset management, through multiple depreciation books, ranging from:
- Acquisition of assets
- Expense capitalization
- Insurance premium payments and claims tracking
- Calculation of depreciation
- Revaluation of assets
- Tracking of asset transfers
- Sale / retirement of assets.
'What if' scenarios for projecting depreciation help you evaluate capital investment decisions.