The Case of a Double-Shot

by   |  3 min read
Published :

Isn’t it strange that while the Titanic was built by professionals, the Ark was made by amateurs?

MR. SHARMA is the best neighbor in a certain society (let’s not take names) in a certain two-tier town in India. That’s not just because he is accomplished, compassionate, intelligent, warm, cheerful and a good citizen. But more so because he gives ample reasons to his neighbours to gossip behind his back. The criticism that keeps these neighbours and their tongues pleasantly occupied is about his so-called extravagance.

Turns out that his porch has not one but two cars – one, a German marquee brand and the other a Made-in-India rugged SUV. So he is generously showered with adjectives like redundant, reckless, snobbish, spendthrift etc.

His wife used to take solace in the same set of expletives, until; Mr. Sharma sat down one day and explained his perspective. He is a corporate hi-flier but he also loves travelling. Well-tarred fast-lanes of the city and sleek parking lots of his business district accommodate his luxury sedan with open arms. But the same warmth would not be accorded to his foreign-labeled coupe when he is driving into the wild for adventure or trying to dig his heels inside the sand-draped hinterland of India on a rustic marketing campaign. Hence one car for the city roads and the other one for far-off gradients around forests.

Of late, he is trying to drill the same point of view inside the minds of his corporate spouses – the CFO and COO. The company has a well-running legacy ERP from a big vendor and there is no reason to overhaul it, but Mr. Sharma has been trying to make some room for a connected ERP ecosystem inside the next year’s budget and the company’s mindset.

His first attempt to explain the concept of a two-tier ERP was generic. “If two cars can happily co-exist in my house, why cannot two ERPs stay here? Ours is a big enterprise with legacy system and we have varied needs calling for varied IT approaches. Last quarterly meeting was full of talk about our first international operation in Bangladesh. Can our big-cheese ERP handle the difference of a nuanced market? Can it squeeze itself inside our next rural branch plan with as much ease and pace as an India-made, but very-affordable and very-localized ERP would? Would the big tank be as easy to hug for our not-so-tech-savvy dealership in the North-East village we have just started? Aren’t we thinking big things for our company in the next five years – both in terms of penetrating India deeper and in extending our arms to foreign beach-heads? It’s high time we sandwich our needs properly with two layers – one which we already have – robust, large-scale, branded, and license-constrained; and the other – which we need to supplement – lean, flexible, bespoke, fast-to-implement, friendly-enough-to-share-space-with-the-elder-sibling ERP.”

When he was met with doubts around integration, audit-issues, usability and scalability, he tried another attempt.

“Of course the second ERP would sync in well. It will be like a saucer to the cup we have already- giving it balance, poise, stability, well-rounded dimensions and protection. Think of financial regulatory fine-print in the foreign branch we would need to have soon, and how perfectly this younger kid will take care of it, hence, insulating us and the bigger ERP with possible bottlenecks. Think of that new dealership and you would instantly know that they would not be able to afford all the licensing baggage that the big ERP needs. My sedan is great but it takes a heck of maintenance and I would be outright silly to drive it around a rice farm. Think of how quickly we need to get to a village and plugged in, and you would appreciate how the India ERP layer will acclimatize itself in a matter of 15 to 20 days of a go-live time. Our new subsidiary would gain a lot from all these edges as it would soon need something that can match scale, control, sub-contracting and speed factors. This is a model that many arch-names like two -tier ERP, ERP for connected Enterprise and so on in the industry have already nailed well inside their garages, and it’s very legal, feasible, and even at times suggested by the big vendors since they cannot always reach out to finer veins. Just like my sedan-maker would never advise me to take the princess on muddy mountains.”

“But what if our neighbors (aka rivals) in the corporate district call us extravagant, reckless and snobs?” the CFO murmured.

“Isn’t that all the more reason to go for it?” Mr. Sharma smirked.

Is it?

Enterprise asset management (EAM) involves the management of mission critical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information. The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime and reduce operational costs.

Enterprise asset management (EAM) involves the management of the maintenance of physical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information.

The software helps in effective maintenance of assets through preventive, predictive, shutdown and breakdown maintenance strategies. The system also helps enterprises mitigate equipment risks by enhanced safety standards. The streamlined operations and improved asset performance helps organizations increase their investment effectiveness.

EAM is important because it helps organizations track, assess, manage and optimize asset quality and reliability. Asset intensive Organizations have hundreds, thousands, even millions of assets which needs to be maintained to maximize / optimize life of these assets to increase the return on investment.

The key features of effective EAM are:

  • Work management.
  • Maintenance Strategies (Preventive/ Predictive / Breakdown / Shutdown).
  • Planning and scheduling.
  • Supply chain management.
  • Health and safety.
  • Mobility.
  • Analytics.
  • Improved Asset Health at reduced cost through data driven maintenance Programs​
  • Complete visibilityon entire maintenance data across Equipment, across Models, across Branches to aid in analysis & decision making such as to Repair or Replace the Equipment​
  • Insightful analysis of Inspection Data to improve customer satisfaction​
  • Effective maintenance management enhanced by predictive maintenance and inbuilt analytics​
  • Increased reliability and safety, keeps complete track of all the inspections & calibration schedules​
  • Mobile Application enables users to execute work while “in the field” leading to minimized non-productive time and increased productivity and reduces duplication of work and human errors in recording information.​
  • Quick turnaround time through Actionable Notification & Alerts for every process in real time and accessible anytime and anywhere.
  • Improved Regulatory Part of asset management involves the implementation of better O&M practices, which can significantly improve compliance.

Asset Intensive companies under the following Industries :

  1. Ports
  2. Cement and Mining
  3. Utilities
  4. Fleet Maintenance
  5. Equipment Rental
  6. Other Manufacturing
  7. Real Estate & Infrastructure
  8. Power Generation

Contact us for a meeting and schedule a demo

This differs on case to case basis, based on the type of installation and unique industry specific requirements. Contact us for a meeting and schedule a demo.

This differs on case to case basis, based on the type of installation and unique industry specific requirements. Contact us for a meeting and schedule a demo.

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