Enterprise Asset Management

Overview

Asset-intensive companies use asset management solutions for planning, inspection, use optimization, and maintenance of their physical assets (vehicles, equipment, pipelines, etc.) throughout their life cycle. Asset management solutions encompasses hardware devices that monitors and records the assets such as cameras, bar code readers, Wireless receivers, etc. which are software solution that encompasses web, cloud and mobile applications performing roles such as ERP, maintenance, accounting, and other business systems.

Asset Management Architecture

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Application Layer

The Application layer performs the responsibility of presenting processed asset data to end users to take action on current asset performance optimization and make large structural improvements (asset management planning and optimization).

The end users can be regional, maintenance managers, production managers, technicians, etc. Performance optimization might require asset repairing or preventive maintenance activates. 

Data Storage and Analytics Layer

This layer shall be implemented to store 360-degree asset data in the raw and processed format. The layer shall also incorporate efforts on building and training ML models and running analytical queries on asset data to analyze asset utilization, define root causes of asset failures, make predictions about asset performance, plan asset investments, etc.

360 degree asset data shall include asset location, asset usage history, asset repair history, asset costs, etc.

Network Layer

This layer is implemented to receive and pre-process the asset data from the physical layer for further orchestration.

Regami shall be implementing necessary security blocks in this layer to prevent any data breach and ensure utmost security. 

Physical Layer

This is a critical layer comprising of the assets with tags/sensors/barcodes.

 

Regami has the experience with either integrating off the shelf data acquisition devices to acquire the data from the sensors/tags/barcodes or designing and developing custom devices to capture the data and stream.

 

Regami shall integrate the physical layer with the network via options such as PoE, Ethernet, WiFi, ZigBee, LoraWAN, BLE, BT, LTE, etc. 

Need consultation?

We welcome you to leverage our experience in Asset management Solutions to your benefit. Regami shall be able assist you with:

  • Identification of Sensors, devices, cameras for asset monitoring data collection. In case off the shelf option don't fit, Regami has the expertise to design and develop the hardware solution for you. 

  • Planning the software solution architecture, implementing the necessary software blocks for asset management across the architecture, such as, edge devices, cloud, web, desktop, mobile devices etc. 

  • Integrate the asset management software with 3rd party software such as ERP, CRM, etc. In some cases, custom develop the ecosystem as well.

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Asset Management Solutions we deliver

Asset tracking

  • Tracking fixed assets (buildings, machinery, equipment, etc.), linear assets (pipelines, power lines, etc.), fleet assets (cars, trucks, rail cars, etc.).

  • Acquiring and Tracking with barcodes, QR codes, RFID tags, BLE tags, UWB tags, GPS chips, etc.

  • Tracking asset throughout their entire life cycle (planning, procurement, operation, maintenance and disposal).

  • Registering, tracking, and searching for assets by type, location, contract details, serial number, etc., for a facilitated asset auditing process.

  • Using mobile devices (smartphones, tablets, etc.) as well as custom designed handhelds to track assets and access asset data for field service.

  • Locating assets with visual maps.

  • Storing asset data in a protected asset data repository to comply with regulatory requirements

Asset maintenance and work order management

  • Tracking asset maintenance history.

  • Scheduling asset inspection and asset maintenance based on asset history (date of procurement, the number of equipment running hours, etc.).

  • Real-time sensor-based monitoring of operating equipment, machinery etc. with custom dashboards.

  • ML-based identification of abnormal patterns, predicting possible breakdowns and expected time to failure.

  • Time-based and condition-based work order creation for assets requiring repairing/replacement.

  • Automated work orders prioritization (based on asset criticality, asset health assessment, resource availability, etc.).

  • Work order tracking (tracking time spent, resources involved, etc.).

MRO inventory, asset Warranty and contract management

  • Tracking MRO inventory levels.

  • Spare parts utilization tracking across single/various locations.

  • MRO inventory demand estimation and planning based on scheduled/forecasted maintenance activities.

  • Spare parts procurement based on current stock availability and the anticipated demand.

  • Alerting to order important inventory parts based on the inventory shortage situation.

  • Maintaining warranty records on all purchased assets and inventory.

  • Alerting on the warranty agreement expiration.

  • Identification of warranty repairs for work order creation.

  • Tracking labor hours spent repairing/replacing items under warranty for warranty claims.

Asset management planning and optimization

  • Planning asset inspection scenarios based on asset criticality and asset degradation analysis.

  • Planning asset utilization scenarios based on asset availability analysis, asset investment scenarios and maintenance strategies.

  • Planning asset investment, including for procurement of new assets, based on the analysis of asset performance throughout life cycle and asset criticality.

  • Planning and scheduling asset modernization/replacement/disposal based on asset utilization analysis, asset health and criticality assessment, asset depreciation schedule.

  • Developing corrective and preventive maintenance strategies for different asset classes (critical, important, ordinary).

  • Asset maintenance strategy optimization based on maintenance pipeline analysis, planned maintenance scheduling accuracy, etc.

Why Regami?

Regami has the expertise and experience to provide end-to-end asset management solution encompassing the know-how of designing, developing and integrating all the components of the architecture from the physical layer to the application layer. 

With regard to asset management, Regami delivers

  • Sensing  devices for the physical layer - Regami helps with integrating Off-the-Shelf sensing devices that reads teh labels/tags/barcodes or helps with custom development of devices that suits to the specific requirement. Regami also has the experience with developing stand-alone handheld/portable devices that houses cameras, bar-code readers, RFID receivers, etc. to acquire data, Touch based display, Battery, and Wireless integration to stream data to the network.

  • Dedicated applications to track assets, manage inventory, manage asset warranty and contracts, maintain assets and optimize their usage, and so on. 

  • Regami shall also support with integration of the asset management application with solutions such as ERP, Accounting software, EHS software, GIS software, and Asset maintenance software.

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Challenges Regami's solution solves ?

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Why Custom Enterprise Asset Management Solution?

The majority of EAM hardware/software products have extensive customization capabilities. Still, there are cases when custom solution is worth considering, for example:​

  • Packaged EAM solutions are not sufficient for handling your complex interconnected workflows effectively (e.g., managing assets across various locations), which significantly lowers their ROI.

  • Your solution requires case-specific functionality (e.g., hardware interfaces, sensing accuracy or FoV, sensing technology, advanced analytics capabilities, highly customizable reporting capabilities, etc.).

  • Pricing of many packaged solutions depends on the number of assets managed/users, thus developing a custom enterprise asset management solution may be more cost-effective.

  • Your EAM solution needs to meet specific compliance and security requirements (e.g., in the defense industry, government sector).

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Choose your options

End-to-End Hardware Development for Asset Management

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We design, develop and manufacture the hardware devices that shall facilitate asset management services. The various components of the system architecture that Regami can develop are:

  • Multi-Camera System - PoE, USB, MIPI, GMSL etc.

  • Sensing Devices to read tags, RFIDs, Labels etc. 

  • Inventory Management Handheld Devices.

  • Edge AI Platform Integration.

Enterprise Asset Management Software Consulting

Regami has in-house team of Business Analysts and Solution Consultants who can help with the discussions. To enable you build a robust and scalable fleet management application, we:

  • Analyze your asset management needs.

  • Conceptualize your EAM solution. 

  • Choose a fitting EAM platform and laying out the customization scope. - for platform-based solutions.

  • Outline the optimal EAM solution architecture and tech stack. - for custom solutions

  • Plan your EAM solution implementation.

  • Arrive at Business case including cost estimation, time budget estimates.

Regami has experienced team of developers, experienced in agile culture and experts in DevOps,  who can work with you to get an application ready to bring ROI right away. We believe in delivering easily maintainable and scalable application architecture with focus on smooth integrations with enterprise software. We follow the below development process

  • Business analysis.

  • User experience design.

  • Architecture and tracking algorithms design.

  • Application development.

  • Testing and QA.

  • Support and evolution.

We work with you to identify the MVP and target delivery at the earliest to bring ROI right away. 

What determines Asset Management Solution Success?

Technologies We Use

Web Technologies

Server

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Front End

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Mobile Technologies

Native Android

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Native iOS

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Cross Platform

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Cloud Technologies

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