CATS Asset Lifecycle Management for Utilities
Against the backdrop of scrutiny from regulators, flat revenue growth, natural disasters, and pandemics, it has never been a more important time for Utilities & Power companies to maximize the value of their valuable assets, equipment, and infrastructure. Capital expenditures are increasing YoY as aging infrastructure needs to be updated or replaced. To complicate issues, customers still demand that utilities keep costs down while supporting the latest technology. CapEx is at the root of many of challenges - even if a company is profitable it can be hard to find the money needed for important infrastructure projects. A disciplined, holistic approach to asset management is increasingly important in controlling OpEx.
To have the right approach requires that Utilities get visibility into the entire spectrum of valuable components across the field, warehouses, power stations, and offices. This is done by collecting and integrating large volumes of asset data from all possible sources and reconciling that data against purchase information held by any connected enterprise systems. This reconciled information is then redistributed to the ERP, BI, OSS, WMS, GIS, and 3PL that leverage it for actionable insights into equipment health risks, TCO, CapEx, OpEx, and potential process improvements.
Fulcrum Technologies can help you every step of the way. Please email us at firstname.lastname@example.org to get a free consultation today.