Asset Lifecycle Management

IFS Applications supports lifecycle management for all assets. Through this, companies are able to better use and adjust their resources to current and future offerings. Support throughout the entire lifecycle makes it possible to maximize the utilization of resources over time. Modern asset intensive industries are facing increasingly tougher conditions. With fewer resources, companies are expected to produce more products of higher quality and with increased knowledge content. Add to that a very volatile market with rapidly changing demands and the situation becomes very complicated.

From design to decommissioning

For organizations with high demands on uptime for production assets, like 24x7 operations, an asset lifecycle perspective is crucial for profitability. Lifecycle management of physical assets provides continuous information on assets, from design or redesign through operations and maintenance to decommissioning.

Cut design costs and streamline maintenance

Facility information is produced mainly in the design phase, which is why the need for a common database is more important in the early phase of the facility—and also the hardest to achieve. For most operations it is crucial to reduce the lead-time from design to operations, as a result of the increasingly high demands on uptime.

By running the design and redesign phases in a Web-based project collaboration environment built on a common database, lead time can be significantly reduced. The transition from design and construction to maintenance and operations becomes faster and easier. This reduces engineering and design costs, streamlines maintenance and operation, and enhances the availability of the asset.

Enhance availability

Long-term investment and long asset lifecycles lead to considerable life-time costs for maintenance, human resources and spare parts, not least for the continuous modifications that are required to optimize asset availability and operations. Our comprehensive support for maintenance management, work management, supply chain management, and asset optimization generates conditions for continuous enhancement of lifecycle profit, i.e., lower costs, greater availability, and increased workforce efficiency.