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How IBM Maximo Asset Management Software Helps Organizations Optimize Their Assets & Infrastructure

IBM Maximo asset management software

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How IBM Maximo Asset Management Software Helps Organizations Optimize Their Assets & Infrastructure

IBM Maximo asset management software

Management teams operating asset-intensive businesses have a long list of processes to monitor and expensive equipment to maintain in order to keep their business running smoothly. A single error can result in increased costs, labor, and downtime, which is why many asset managers trust IBM’s Maximo asset management software.

The asset management features available in the IBM Maximo Application Suite present management teams with an array of effective solutions to monitor, organize, and simplify standard processes. The suite includes applications focused on workplace safety, remote monitoring, predictive maintenance, AI-aided inspections, operational data, and additional cutting-edge technologies designed to optimize asset management.

Let’s examine the organization and optimization capabilities of Maximo software in relation to asset management.

Process Efficiency

IBM’s Maximo software utilizes a system of process management tools that aid businesses in effectively meeting the requirements present in a given industry. The application suite combines a variety of features so that management teams can streamline day-to-day processes without missing any key steps or running into delays along the way.

The system improves efficiency when it comes to asset management by allowing central control of asset-related activities like scheduling, maintenance, performance, and resource optimization.  Maximo’s software makes it simple to ensure adequate inventory levels, maintenance availability, contract management, asset tracking, and much more.

Each element of asset management can be handled in one location and asset management teams can quite easily reduce wasted time and costs associated with inefficient practices.

Utilization of Analytics

IBM Asset Management Solutions allow teams to merge real-time asset data and information. The utilization of the analytical features can reduce task scheduling and complexity, streamline an array of business processes, and integrate multiple systems to where they operate in a single, highly-functional network.

The integration allows past and present collections of analytical data to generate reports that provide insight as to which processes are operating effectively and which processes could stand to see some improvement.

For example, data collection and analysis can be used to reduce downtimes, extend equipment lifecycles, increase effective business operations, focus various maintenance resources to fit needs, and unify business processes throughout a selection of sectors (automotive, electronic, IoT, manufacturing, etc.).

Real-Time Data

The collection and analysis of real-time data allows management teams to utilize user-friendly reports to support decision-making across the entirety of the business. In asset-intensive organizations, Maximo’s asset management solutions can:

  • Reduce risks by determining the importance of the assets used throughout the company (based on resource limits and availability, asset criticality, etc.)
  • Monitor assets in their physical locations and determine location hierarchies
  • Capture, organize, and analyze maintenance information, failure data, and monitoring information to develop predictive maintenance and reliability-centered maintenance plans
  • Improve maintenance practices by integrating environmental information, health and safety protocols, and operational history through Maximo’s unification of incident management reports, risk analysis, and more

Time & Cost Savings

Maximo prevents unnecessary downtime and reduces costs by allowing asset management teams to easily keep track of all the elements involved in maximizing asset returns. The system provides real-time information regarding:

  • Parts Inventories
  • Available Technicians
  • Physical Locations of Assets
  • Maintenance History and Schedules
  • Contract Management Information
  • Warranties
  • Leasing Information

With these key informational components available at the fingertips of asset managers, businesses can easily conduct preventative maintenance, avoid fees, and ensure that staff and inventories are available before maintenance is scheduled. Being certain that every element is in order reduces labor hours, lost time, and the possibility of misplacing valuable assets.

The IBM Asset Management Solutions utilized by various businesses lead to significant ROIs, as well as the following labor-related benefits:

  • Up to 20% reduction in the cost of labor
  • Up to 25% reduction of lost time and equipment failure
  • Up to 15% reduction in the cost of inventory

Customization for Industries

IBM Asset Management Solutions are not geared toward any single industry, and the tools therein can be customized to meet the functional needs of various businesses. For example, Maximo’s features can be configured to focus on inventory management, service management, contract management, and asset management procedures in any of the following industries:

  • Nuclear Science
  • Oil and Gas
  • Manufacturing
  • Aviation
  • Utilities
  • Transportation
  • and More

IBM’s solutions were designed to be customizable so that they’re capable of meeting specific business standards. The features of Maximo’s asset management software present significant value to businesses seeking to protect and optimize their high-value assets while reducing both unnecessary risks and costs.

Management teams operating asset-intensive businesses can depend on industry-specific solutions from IBM’s Maximo asset management software to address their unique management challenges. Maximo simplifies asset management processes by collecting, monitoring, analyzing, and organizing key pieces of information in a single user-friendly location.

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EDI Welcomes March New Hires!

Employee Spotlight: Steve Bisch, Vice President, Enterprise Solutions

Employee Spotlight: Steve Bisch, Vice President, Enterprise Solutions

As Vice President, Enterprise Solutions, Steve Bisch oversees Electronic Data, Inc. (EDI), Arora Technology Group (ATG), and Arora’s Geospatial Technologies Group, to ensure greater collaboration and innovation between these three practices within Arora Engineers, Inc. (Arora), providing more unified and cohesive solutions for current and future clients. Learn more about Steve below: 

1. How did you come to do what you do? Was this a lifelong goal?

I really just fell into what I do. Started working in the life sciences industry out of engineering school and slowly found the niche I like and was good at. I tell my kids, the easiest way to figure out what you want to do in life is just try something. You’ll quickly determine what you like and what you don’t like.

2. What do you enjoy most about working at EDI?

I enjoy working for a small company that allows us to be very dynamic and flexible in how we approach solutions with our clients.

3. What motivates you every day?

I enjoy working with clients to see how they can improve their operations and move their organizations closer to operational excellence.

4. What makes you unique and different?

I have a good understanding and perspective of the business processes required for organizations to manage their business and how Enterprise IT Systems can be used to improve those business processes. I don’t approach a project as an IT solution, but a business process re-engineering solution with an IT component.

5. What are your favorite types of projects to work on?

My favorite types of projects to work on are the ones that allow us to help organizations to change their business process and recognize real operational improvements.

6. What are your future career goals?

My goals are to continue building the Arora/EDI Asset Management organization into an industry leader.

7. Tell us what your day-to-day looks like at EDI.

Have you ever watched a fireman. That is a typical day.

8. What is the best career lesson you’ve learned so far?

Immediately out of school I took a job working on the floor of a life sciences manufacturing organization working with those running the manufacturing processes. It taught me all the lessons you don’t learn by just reading books.

9. What has been your favorite memory while working at EDI?

I love the validation by our clients that our eSAM solution has really impacted their ability to simplify their operations.

10. Outside of work, what do you like to do for fun?

My wife and I have been busy raising three daughters. Our “baby” graduates high school this spring, so we are very much looking forward to life after kids!

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EDI Employee Spotlight: Josh Mahaz, Senior Systems Architect

Josh Mahaz, Senior Systems Architect

EDI Employee Spotlight: Josh Mahaz, Senior Systems Architect

Josh Mahaz, Senior Systems Architect

1. Was this a lifelong goal? / How did you come to do what you do?
From a young age, I was fascinated by computers, the hardware that made them work, and the software they ran. I grew up working on them and writing programs for them to run. I knew I made the right choice after my first college internship. Fifteen years later, I still find myself passionate about the software engineering field.

2. What motivates you every day?
I am motivated by and enjoy learning new skills and finding creative solutions to solve problems.

3. What are your favorite types of projects to work on?
I enjoy projects that present unfamiliar problems that require me to seek out new information in the software engineering field to find solutions.

4. What are your future career goals?
My career goal is to grow into a leadership role and continue to advance my knowledge base in the software engineering field.

5. What is the best career lesson you’ve learned so far?
The best career lesson I have learned so far is don’t just hear, listen.

6. What do you like most about working at EDI?
The ability to collaborate and brainstorm with my peers to achieve objectives makes working at EDI rewarding.

7. What has been your favorite memory while working at EDI?
During my time at EDI, we’ve rolled out numerous continuous integration products to improve our delivery process. It brings me great satisfaction each time a new product goes live and we start seeing the cost savings and reliability improvements each one brings.

8. Outside of work, what do you like to do for fun?
Outside of work, I enjoy outdoor activities with my family. We’ve recently gotten into riding bikes and exploring area parks and trails.

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Happy Sustainable Holidays! We Planted Trees!

Happy Sustainable Holidays! We Planted Trees!

In the spirit of the holiday season, Arora Engineers, Inc. and their subsidiary companies have donated money to plant 2,022 trees in an effort to help endangered Orcas. Tree planting along rivers and streams helps to conserve Chinook Salmon spawning grounds, which are Orca’s primary food source, as well as to decrease water contamination and toxicity. We are doing this with help from the nonprofit organization One Tree Planted and their Orca Project.

Since we know that trees “help clean the air we breathe”, we hope that you will all “take a breather” to watch our 45-second video greeting!

A happy, safe, sustainable holiday, and a prosperous 2022 to you all from your friends at Arora Engineers, Inc.Electronic Data, Inc. (EDI)Arora Technology Group, LLC (ATG), and Arora Systems Group, LLC (ASG)! We will provide updates on the project so we can track the impact our trees are having on Orcas and the environment.

Arora Engineers
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EDI Employee Spotlight: Jay Chauncey, Director, EAM Solutions

Jay Chauncey, Director of EAM Services

EDI Employee Spotlight: Jay Chauncey, Director, EAM Solutions

Jay Chauncey, Director of EAM Services

Jay Chauncey, Director of EAM Services, has worked for Electronic Data, Inc. (EDI) for over 20 years serving clients across multiple verticals. Jay is passionate about ensuring project success and according to his peers, works tirelessly to achieve client objectives. Learn more about Jay in our latest Employee Spotlight below:

1. Tell us about yourself.
I grew up in Zephyrhills, Florida and started working at 16 as a part-time ground’s maintenance member at a local golf course. My grandfather owned a golf course but working in the office was unappealing at the time and to avoid any favoritism, I took a job at another course across town. At 18 (graduation), I was still undecided on my future, so I enrolled in Pasco-Hernando Community College and switched from working part time to full time. I completed my AA degree and was accepted into the Florida State University College of Engineering, choosing Electrical Engineering over Pharmacy. I choose Electrical Engineering as I naturally excelled in math and enjoyed electronics and computers.

After graduating FSU with my BSc in EE, I took my first Engineering job at Northrop Grumman as an Avionics Engineer. I am extremely proud to have worked on Northrop Grumman’s JSTARS (Joint Strategic and Attack Radar System) Aircraft, providing the US Air Force with unrivaled ground surveillance radar. I worked at Northrop for two years but found the pace of the job undesirable as a recent graduate. I had doubled my responsibilities within my group over my two years, accomplished 2 special projects outside of my normal job role, and started an EE Master’s Program at the Florida Institute of Technology, but ultimately decided to take a job at Jabil Circuit in Saint Petersburg as a Test Engineer. I was able to thrive at Jabil Circuit, given the fast-paced manufacturing environment, and quickly became one of two Global Test Engineer’s for the Dell Portables manufacturing line.

I was approached by my friend in early 2000 about joining EDI full time. (I had helped them with some CAD work for the NY Port Authority Twin Tower’s as a contractor when I started at Jabil) At that time, EDI had incorporated about 1 year earlier with 5 employees and was awarded an implementation of IBM’s Maximo Enterprise Asset Management System and related CAD Services for the Naval Surface Warfare Center in Crane, Indiana. I joined EDI as the only software technology expert with little experience in EAM. I’ve been working for EDI for 20+ years and have been fortunate enough to work with our clients to understand their business and implement World Class Asset Management across numerous verticals.

2. What do you enjoy most about your job?
Solving problems, learning new technologies and seeing things other people can’t.

3. What motivates you every day?
Nothing motivates me more than to help clients and employees solve problems.

4. What makes you unique and different?
My ability to see things or correlations where others don’t and my tireless pursuit to figure it out.

5. What are your favorite types of projects to work on?
I would probably lean towards innovation related projects. Understanding new technologies and applicability in the marketplace.

6. What are your future career goals?
Continue to grow my knowledge in the ever-changing field of technology and assist companies with insight, implementations, and governance of these technologies to drive organizational change and expanded capabilities in the marketplace.

7. What is the best career lesson you’ve learned so far?
Curiosity, Motivation, and Resourcefulness. As an engineer, you must understand enough about the problem you’re solving to provide the best solution. You must be willing to ask the question, “Why?” and attempt to fully understand what the overarching goals are and how did we get to where we are now. You also must be motivated to figure it out, research gaps based on the information you’ve received and do whatever is asked or necessary, not just stay “within your lane.” It is improbable that you will know everything, and I believe an unrealistic expectation that you should, so you need to also be resourceful enough to find the relevant information for the problem at hand.

8. What do you like most about working at EDI?
The employees. I’ve developed friendships with several different current and former employees at EDI and appreciate the family environment it has fostered over the years.

9. What has been your favorite memory while working at EDI?
When you have worked for a company for 20+ years, it is difficult to identify one specific memory. Over the years, I had always enjoyed the Christmas Parties and the opportunity to see employees and their significant others outside of the work environment and the various memories that were created from that event each year.

10. Outside of work, what do you like to do for fun?
I like spending time with my family up in the mountains, being my dog’s toy, and attempting any DIY out of necessity. I would certainly love the opportunity to get back into hunting, fish more than two times a year and of course, play more golf

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EDI Employee Spotlight: Jenna Riffer, Director, Customer Care

Jenna Riffer, Director, Customer Care

EDI Employee Spotlight: Jenna Riffer, Director, Customer Care

Jenna Riffer, Director, Customer Care

Jenna Riffer joined EDI in May 2017. As Director of Customer Care, Jenna enjoys working with technical and functional resources to deliver solutions to customers and resolve customer issues. Jenna is organized and strives to overcommunicate, working to balance customer satisfaction with keeping projects on budget and driving revenue.

1. How did you come to do what you do?

My degree in journalism led me to start out working with technology for the media industry, which led me to software services, which led me to EDI. I started at EDI managing support customers and renewals and in the past 18 months have added the services team and project delivery to my role.

2. Was this a lifelong goal?

Not specifically, but creating and executing plans is a part of who I am, so I think an operations management job has always been the path for me.

3. What do you enjoy most about your job?

I am involved in many aspects of the business, including support, services, managing a team, and can be heard and influence decisions and processes.

4. What motivates you every day?

Whether it be at home or work, I am motivated by maintaining order, checking things off the list, and moving everyone and everything forward.

5. What are your favorite types of projects to work on?

I did not come to EDI with a background in Maximo, so I enjoy working on eSAM projects that bring the best practices of our solution to the table and allow us to deliver a consistent product. Having a customer with engaged project stakeholders also makes the entire process more enjoyable.

6. What are your future career goals?

I always want to work in an organization that I believe I can make better with my contributions. I look forward to growing the team as our business grows, especially having the opportunity to develop leaders within the team and expanding my own skill set from a business management perspective.

7. What is the best career lesson you’ve learned so far?

Focus on the challenges within your control or ‘sphere of influence’. Don’t get bogged down in things that don’t immediately affect you or that you can’t change. It only builds frustration.

8. What do you like most about working at EDI?

Starting a job in a new field is a huge change, but four years in it’s the people that have helped me get a better understanding of our customers and the solutions we provide, make the stressful days manageable and bring their best to ensure that we meet our goals.

9. What has been your favorite memory while working at EDI?

I am admittedly a homebody, but I really enjoy the occasional work trip where you are able to interact with the customer team face-to-face and spend some time in a more social setting with colleagues. The best memories are quite possibly made over dinner or crammed into a rental car with your entire project team, trying not to spill your coffee on each other.

10. Outside of work, what do you like to do for fun?

There is nothing better than a pool day with my daughters, a good book and a nap.

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EDI Featured on Reliability Web Podcast

EDI featured in podcast

EDI Featured on Reliability Web Podcast

EDI featured in podcast

Electronic Data, Inc. (EDI) was featured on the ReliabilityWeb.com podcast “Reliability Radio: Episode 247” featuring EDI’s  Scott Yates, Chief Operating Officer, and Eddie Clayson, Director Airport Maintenance at Salt Lake City International Airport (SLC). EDI and SLC worked together to provide Maximo Enterprise Asset Management System (EAM) software, consulting, implementation, and hosting services for the SLC South Valley Regional Airport and Tooele Valley Airport.

The project kicked off in late July of 2020 and by September 2020, the Maximo system was live and being used to support work requests and work order management in SLC’s new $4.1 B Terminal that opened the same month. That’s a go-live in less than 90 days. For their work on this project, EDI and SLC were recognized at MaximoWorld 2021 and awarded Best Maximo Enterprise Asset Management Implementation Program.

In the podcast, Yates and Clayson discuss the award and their secret to success: give good, talented people big challenges and they rise to the occasion and do great things.

To listen to the episode, click here.

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What Is The Benefit Of Using An EAM Software System?

Benefits of using EAM software system

What Is The Benefit Of Using An EAM Software System?

Benefits of using EAM software system

Large organizations typically house a diverse portfolio of asset systems, each contributing to the overall goals of the organization but presenting widely different investments, performance challenges, and risks. The properly configured asset management system is the bridge which allows facility managers to coordinate and optimize work management activities, manage planned and unplanned activities, and evaluate capital expenditures versus operating the existing assets. When a facility employs the right EAM software system, they can establish maintenance best practices to maximize return on investment for all of their critical assets.

EAM systems allow facilities to transform from relying on planned maintenance for their assets to world class maintenance best practices that are part of a Reliability Centered Maintenance (RCM) program. A RCM program relies on the historical data housed in the EAM maintenance software system to identify and predict equipment failures and recommend pro-active activities that will reduce the number of failures and also extend the life of equipment.

Benefits of Implementing Right EAM for Your Facility Can Include

  • Implementation of effective equipment-based maintenance schedules to reduce downtime.
  • Improved uptime of equipment and systems.
  • Lifecycle costings of equipment and systems.
  • Management of work order processes.
  • Improvements to overall warehouse and inventory management.
  • Enhanced customer satisfaction from improved performance and control of systems.
  • Improved health, safety, and environmental performance through properly maintained assets.
  • Long-term planning, confidence, and performance sustainability of capital investments.
  • Ability to demonstrate best value-for money within a constrained funding regime.
  • Evidence, in the form of controlled and systematic processes, to demonstrate legal and regulatory compliance.
  • Improved corporate reputation, the benefits of which may include enhanced shareholder value, improved marketability of product/service, greater staff satisfaction, and more efficient and effective procurement from the supply chain.

To learn more about how you can implement an EAM system and establish maintenance best practices to save time, conserve resources, and get the most of our all of your smart systems, click here.

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What is an Enterprise Asset Management (EAM) System?

What is an enterprise asset management system

What is an Enterprise Asset Management (EAM) System?

What is an enterprise asset management system

Asset Management is the process of maintaining the physical assets of an organization throughout each asset’s lifecycle. Enterprise Asset Management (EAM) Systems arose as an expansion of Computerized Maintenance Management Systems (CMMS), which were IT systems created to track maintenance activities and essentially functioned as work order systems. However, maintenance management is only one aspect of a facility, system, or asset’s lifecycle, and only one component of an asset’s total cost of ownership and its reliability profile. As the assets and systems that organizations rely on became smarter and more complex, facility managers needed technologies which compiled and synthesized all of the disparate smart data they are collecting to optimize and innovate their operations.

EAM is a program, which is typically supported by a software system, that encompasses the entire lifecycle of physical assets from planning, design, build, operate, and decommissioning, as well as all contexts for that asset—including configuration, function, operational context, failure modes, maintenance programs, inspection programs and condition monitoring, safety and environmental profiles and impacts, and much more.

There are numerous EAM software manufacturers with an array of capabilities configured to manage assets for a variety of industries, such as manufacturing, life sciences, airports, transportation and public utilities. Enterprise Asset Management solutions often exist in the cloud and organizations combine the systems, software, and services used to maintain the physical assets of an organization throughout each asset’s lifecycle. Subsequently, the many teams which make up the facility’s organizational structure access the system via their computers or through a mobile application on their smart device, such as a cell phone or tablet, and record and access asset data stored in the EAM.

The purpose of an EAM system is to allow an organization to plan, optimize, execute, and track any needed maintenance activities with the associated priorities, skills, materials, tools, and information. The goal is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime and reduce operational costs.

Organizations can further maximize the efficiency of their EAM system by investing in a Mobile Work Order solution to help their disparate groups adopt the EAM system as a regular part of their day-to-day operations. Implementing a Mobile Work Order solution allows operators, office administrators, inspectors, engineers, and supervisors to access important asset information no matter where they are. The right Mobile Work Order solution seamlessly integrates with the organization’s EAM system to provide real-time and actionable information.

At EDI, we partner with organizations to select the best enterprise asset management (EAM systems) and ensure their business processes meet best practices and align with the system selected. To request more information, click here.

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