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7645introduction.fm Draft Document for Review May 23, 2008 10:14 am
6 Maximo Essentials V7.1 - Implementer’s Guide
Materials Management
Know the details—what, when, where, how many, how valuable—about
asset-related inventory and its usage. Materials management functionality
records material movements and adjustments, allowing for real-time inventory
tracking, reporting and auditing. This module also allows embedded images of
an asset to be displayed in the catalog search. You can also use it to:
Track inventory transactions to help streamline parts and materials
management.
Help decrease costs by eliminating excess or obsolete inventory.
Help optimize and plan inventory to more accurately meet maintenance
demand, making the right parts available at the right location when needed.
As a result, you can help reduce stock-outs, inventory shrinkage and carrying
costs, as well as help foster economies of scale through shared resources.
Procurement Management
Support the phases of enterprise-wide procurement, including direct purchasing
and inventory replenishment. You can provide buyers with more extensive
requisition, quotation, vendor, purchase order and contract capabilities, thereby
allowing them to plan work more proactively. Maximo Asset Management
Essentials easily integrates with enterprise business systems from vendors such
as Oracle® and SAP, and also connects to online marketplaces, supplier
systems and exchanges. This module provides:
Vendor management and vendor performance analysis tools that can help
reduce costly off-contract buying, and help verify the reliability of vendors and
the quality of inventory and services.
Automated interval-based, meter-based or event-driven purchasing
capabilities to help you order the right parts and services at the right time,
which can improve purchasing efficiency.
Global purchasing support that can enable group purchasing savings and
efficiencies, and can help lower sourcing costs.
Analysis tools and key performance indicators (KPIs) which measure
procurement performance such as order processing times, invoice accuracy
and order delivery times.
Service Management
Allow end users to submit new service requests, as well as to track and update
open service requests. Though service management is provided as part of the
enterprise version of maximo Asset Management, the Maximo Asset
Management Essentials product does not provide all of this capability.