Asset Life Cycle with Maximo for Transportation

This post originally was posted on the  IBM Asset & Facilities Management blog and was written by Vito DeMalteris.

 Asset Life Cycle with Maximo for Transportation

The Asset Life Cycle is an important process to monitor for any industry. All asset owners make some attempt at monitoring this cycle in order to develop enlightened, informed decisions regarding maintenance strategies, spare parts requirements, operational procedures and repair/replace options. The key requirement in making these decisions is knowledge and information. Some of this will come from the manufacturer, some from user experience but the most significant source is from the operating and maintenance history of the specific asset. As you read this document, review the features in theTransportation page.
Maximo for Transportation provides significant detail related to the asset history. The asset application contains information related to that specific asset so that it is made readily available for the user, and in one location in Maximo. Information about warranty coverage, a significant process in the transportation industry, is displayed so that the user will always know what the warranty status is for each asset without having to look for it in the warranty applications.
Advanced Metering capabilities enhance the usage and Preventive Maintenance processes to further the maintenance strategy for your assets. Each asset record has a history option which provides a view into the asset including Work, Preventive and Predictive schedules and history, meter readings history, status change history, condition status history, move history, usage history for motor pool assets, Telematics reading history, activity history, axle position reading history and a chronological history of activities. All of this information is made easily accessible.
Utilizing the Depreciation Schedule provided in the Asset application allows the user to track the monetary value of this asset up to the current date. This information, used in conjunction with the maintenance and meter history of the asset, can be used to help make the repair/replace decision that is inevitable in the transportation environment. 
To help the organization prevent unnecessary work, Maximo for Transportation will display any recent or repeat repairs on the asset whenever a work order against that asset is created. This feature not only helps eliminate duplicate work orders but also helps identify recurring problems which may be an indication of other issues related to the asset, its environment or perhaps training for the technicians performing the work. All of this helps extend the asset service life by pushing valuable information to the user. In summary, Maximo for Transportation provides detailed information concerning the asset to enable the user to extend the asset life cycle and provide the data needed when the time to replace that asset is near. Hear this information for yourself from one of our Transportation clients (Royal Boskalis Westminster). Link to video.