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What on Earth Are Taxonomies in Management of Spares and Assets: Do We Need It? What If We Don’t Have Them?
Ok, before we go into Taxonomies, let’s define Spares, shall we? Spares or MROs (short for Maintenance, Repair, and Operations items) comprise components and consumables that contribute to the production of finished goods. The nature of these items (e.g., lubricants, … Read More
In this highly volatile economic climate, companies can’t afford to stand on the sidelines while their competitors jump on the digital business bandwagon. It’s the only way to stay relevant and withstand future challenges in this Digital Era. One crucial … Read More
Digitalization of enterprise platforms has been a hot topic for years now in keeping with the advent of Industry 4.0 and emerging technologies like Internet of Things (IoT), machine learning (ML), artificial intelligence (AI), and blockchain. S/4HANA is SAP’s answer … Read More
Establishing a data-driven culture isn’t just about having confidence and trust in data. It’s also about taking steps to ensure data is continually usable and relevant. While data governance is an important component to address this, there’s another crucial data … Read More
50% of organizations use a computerized maintenance management system. The remaining 50% rely on manufacturing scheduling systems, computerized calendars or even just a paper schedule … Read More