SAP SE (NYSE: SAP) announced the release of SAP Asset Strategy and Performance Management to enhance asset intelligence across the digital supply chain.
The new application helps customers define, plan and monitor optimal maintenance strategies for physical assets and monitor performance data across a network of connected assets in real time.
Using SAP Leonardo Internet of Things (IoT) technology, SAP Asset Strategy and Performance Management connects assets and ties asset management into core business functions, such as maintenance management, manufacturing, finance and human resources. It enables criticality assessments and segmentation of assets to help organizations choose a decision framework, such as failure modes and effects analysis (FMEA), for the optimal maintenance strategy for an asset or assets.
Read the full announcement.