From utilities to transportation and facilities management, Oracle Work and Asset Management (WAM) offers a comprehensive suite of tools to streamline asset management processes and optimize performance throughout the end-to-end asset lifecycle.
In this article, we explore the transformative capabilities of the Oracle WAM solution, diving into its key features, benefits, and the critical role it plays in enabling organizations to enhance asset reliability, reduce downtime, and maximize operational efficiency.
What is Oracle WAM?
Oracle Utilities Work and Asset Management is an enterprise asset management solution designed to help companies efficiently manage their physical assets, such as equipment, infrastructure, and facilities, throughout their lifecycle.
It enables organizations to improve asset reliability, reduce downtime, and extend asset lifespan by implementing proactive maintenance strategies and supporting asset performance monitoring activities. By leveraging intuitive analytics and reporting tools and industry best practices, organizations can make data-driven decisions, optimize asset utilization, and extend asset life.
Key Benefits
- Ensure mission-critical goals are met through effective work and asset management
- Increase asset reliability and availability
- Improve asset and equipment effectiveness
- Reduce the overall cost of work
- Minimize the impact of equipment failure and work for customers
- Maintain regulatory compliance through effective asset and work management
What Can You Do with Oracle WAM?
Understand asset effectivity and performance
The effective utilization of critical enterprise assets often determines which companies can handle tough market conditions or evolving regulatory standards over time. Oracle’s Utilities Work and Asset Management solution enables organizations to continually improve asset performance by providing comprehensive support for all fixed assets, linear assets, and mobile devices.
Improve planning and risk management
Oracle WAM provides a real-time view of asset data, giving customers the critical knowledge needed to drive effective infrastructure investment decisions and promote growth. By consolidating asset data, asset management work history, and condition ratings in a single solution, Oracle WAM provides more reliable insights into asset health and performance.
Ensure comprehensive asset lifecycle management
Oracle Utilities WAM enables organizations to know exactly what they need, what to do, when to do it, and what to expect in return by providing comprehensive asset management capabilities. With this, customers can streamline the asset lifecycle and ensure maintenance work is requested, planned, completed, and recorded correctly.
Utilize smart device capability for reduced work
The Oracle Utilities Work and Asset Management solution ensures cost-effective inventory, asset, and work management by providing anytime access to each device’s location, characteristics, compatibility, health, and performance. By leveraging Oracle’s Utilities Operational Device Management solution, companies can accelerate asset-related tasks and enable significant cost savings across the board.
Boost business performance through best practices
Oracle’s WAM solution enables companies to utilize industry standards like ISO 55000 and PAS 55 to instill best practices into their existing operations, create actionable insight from data, and improve overall business performance.
Increase time-to-value for critical innovations
With pre-built integrations between Oracle Primavera P6 Enterprise Project Portfolio Manager and WAM, organizations can improve permission-based visibility and control throughout the entire asset lifecycle, reducing barriers to innovation and increasing time-to-value for asset-related tasks.
How Can We Help?
Whether you need help outlining implementation plans for new Oracle applications, understanding the complexities of your existing technical environment, or navigating integrations with non-Oracle solutions, Surety Systems has you covered.
Our team of senior-level Oracle consultants has the knowledge and experience to handle your critical project needs and ensure you’re prepared for success long after they’ve rolled off the project.
Contact Us
For more information about our Oracle consulting services or to get started on a project with our team of expert consultants, contact us today.
