Login



For PLUS+ subscription assistance, contact customer service.

Not a PLUS+ Subscriber?

Become a PLUS+ Subscriber today and you'll get access to all Supply Chain Management Review premium content including:

  • Full Web Access
  • 7 Magazine Issues per Year
  • Companion Digital Editions
  • Digital Edition Archives
  • Bonus Email Newsletters

Subscribe Today!

Premium access to exclusive online content, companion digital editions, magazine issues and email newsletters.

Subscribe Now.


Become a PLUS+ subscriber and you'll get access to all Supply Chain Management Review premium content including:

  • Full Web Access. All feature articles, bonus reports and industry research through scmr.com.

  • 7 Magazine Issues per year of Supply Chain Management Review magazine.

  • Companion Digital Editions. Searchable replicas of each magazine issue. Read them in any web browser. Delivered by email faster than printed issues.

  • Digital Editions Archives. Every article, every chart and every table as it appeared in the magazine for all archive issues back to 2009.

  • Bonus email newsletters. Add convenient weekly and monthly email newsletters to your subscription to keep your finger on the pulse of the industry.

PLUS+ subscriptions start as low as $109/year*. Begin yours now.
That's less than $0.36 per day for access to information that you can use year-round to better manage your entire global supply chain.

For assistance with your PLUS+ subscription, contact customer service.

* Prices higher for subscriptions outside the USA.

PLUS+ Customer Service Support


Customer service for all PLUS+ subscribers is available Mon-Fri, 9am-5pm Eastern time.

Email: [email protected]
Phone: 1-800-598-6067 (1-508-663-1500 x294 outside USA)
Mail: PO Box 1496, Framingham MA 01701-1496, USA



You have been logged out of PLUS+


For PLUS+ subscription assistance, contact customer service.

Need to access our premium PLUS+ Content?
Upgrade your subscription now.


Our records show that you are currently receiving a free subscription to Supply Chain Management Review magazine, or your subscription has expired. To access our premium content, you need to upgrade your subscription to our PLUS+ status.

To upgrade your subscription account, please contact customer service at:

Email: [email protected] Phone: 1-800-598-6067 (1-508-663-1500 x294 outside USA)

Become a PLUS+ subscriber and you'll get access to all Supply Chain Management Review premium content including:

  • Full Web Access. All feature articles, bonus reports and industry research through scmr.com.

  • 7 Magazine Issues per year of Supply Chain Management Review magazine.

  • Companion Digital Editions. Searchable replicas of each magazine issue. Read them in any web browser. Delivered by email faster than printed issues.

  • Digital Editions Archives. Every article, every chart and every table as it appeared in the magazine for all archive issues back to 2010.

  • Bonus email newsletters. Add convenient weekly and monthly email newsletters to your subscription to keep your finger on the pulse of the industry.

PLUS+ subscriptions start as low as $129/year*. Start yours now.
That's less than $0.36 per day for access to information that you can use year-round to better manage your entire global supply chain.

This content is available for PLUS+ subscribers.


Already a PLUS+ subscriber?


To begin or upgrade your subscription, Become a PLUS+ subscriber now.

For assistance with your PLUS+ subscription, contact customer service.

Sorry, but your login to PLUS+ has failed.


Please recheck your login information and resubmit below.



For PLUS+ subscription assistance, contact customer service.

Enterprise Asset Management: Top 5 predictions for 2018

The current uptick in the economy creates an opportunity for companies to catch up with the investments they should have been making, to return productivity growth to its full potential.

By ·

Latest News

Third Party Risk: Too Close for Comfort
The State of the DC Voice Market
DHL launches Global Trade Barometer
Get the lay of the land with Modex 2018 show map
Breaking Through On Yard Visibility
More News

Latest Resource

Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
All Resources
By ·

Editor’s Note: Kevin Price is Infor’s Technical Product Strategist, specializing in enterprise asset management.

The enterprise asset management (EAM) industry is moving to the cloud—but not everyone has bought into the idea that digitizing their maintenance operation will improve performance and profitability.

According to McKinsey, many asset-intensive industries such as oil and gas, chemicals, mining, and construction are lagging behind other sectors in the digitization of asset management. This trend has been especially pronounced since 2009 when these industries began underinvesting in asset management because of the market crash and correlates strongly to reduced productivity growth today.

For asset-intensive industries, profitability and growth depend on how efficiently assets are employed—including minimizing downtime, maximizing availability, and managing changeovers. The current uptick in the economy creates an opportunity for companies to catch up with the investments they should have been making, to return productivity growth to its full potential.

Here are the top five predictions of trends that will impact EAM in 2018.

Internet of Things (IoT)

Obviously, the IoT is already here, but it is going to become more prevalent as the cost of devices like GPS trackers, digital cameras, and smart sensors continues to decrease. IoT and EAM are foundational elements of Smart Cities, which monitor the conditions of all critical infrastructure, guided by eight principles: smart energy, buildings, mobility, healthcare, infrastructure, technology, governance, and education/citizens.

Artificial intelligence (AI)

Smart Cities create mass amounts of complex data requiring intelligent analysis. Big Data and analytics unquestionably contribute, but AI can help improve data handling. AI—already present in systems like Amazon’s Echo—is expanding to EAM systems. We can communicate with these systems using natural language; for example, by asking “How many PM work orders do we have on track 17?” The system will extract the data so managers can spend time making critical decisions, rather than running reports.

Automated condition assessment

The reliability of equipment and infrastructure previously depended on the quality of visual inspection and an accurate estimation of condition rating. However, visual inspection has limitations: it is time-consuming, provides incomplete information, and varies by inspector. Automating condition rating, based on digital image analysis, is the solution—and can be accomplished via mobile devices, drones, and other methods.

Industry specialization

It is essential that an EAM solution is purpose-built and relevant to industry needs. In the industrial manufacturing sector, companies need the ability to predict future capital allocations and their impact. In the chemical industry, asset management helps meet regulatory and compliance mandates efficiently. In food and beverage, EAM empowers the business to respond to changing customer demands while optimizing recipes and formulas and minimizing waste due to shelf-life issues.

Scalability

Software systems, to be applicable in the modern world, must be capable of scaling to accommodate the demands of unprecedented growth. The platform must offer high uptime, with the ability to handle elastic demand. Modern architecture and innovative solutions scale to add computing power as needed.

Companies looking to return EAM productivity to its full growth should watch and leverage these five trends in 2018.

 


Subscribe to Supply Chain Management Review Magazine!

Subscribe today. Don't Miss Out!
Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!

Latest Whitepaper
Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
Download Today!
From the December 2017
This is a comprehensive guide to services, products and educational opportunities targeted specifically to supply chain professionals. As with years past, we’re also featuring several articles we trust will offer food for thought in your supply chain throughout the coming year.
Transportation Trends: The last mile, history repeating
Economic Outlook: A Complex and Uneven Scenario for Global Supply Chains
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!


Latest Webcast
The Perfect Formula for Determining the Right Amount of Inventory
This webcast explains how the science of theoretical minimums, a new approach to inventory optimization, provides a simple and elegant way to reduce cost and increase customer service levels by monetizing time delays across the extended supply chain.
Register Today!
EDITORS' PICKS
Atradius Issues New Report on Supply Chain Risk in North America
The U.S. shows strong economic performance, but the looming risk that leadership in Washington will...
2018: The year we make meaningful progress on digital transformation
Perhaps it would have been better to describe it as a digital evolution – more of an ongoing...

Industrial and Supply Chain Real Estate Expected to Soar in 2018
Strong economy and insatiable demand for online shopping behind industrial real estate resurgence
Ongoing Supply Chain “Disruptions” Indicated in Latest Ti Survey
According to Logistics Surveys 2017, the express industry has already undergone transformation, not...