Case Study: Siemens Electrical Products Business, North America enhances asset visibility and capital planning with Siemens Asset Management Software

Siemens Electrical Products Business, North America boosts asset management adoption 90% with Siemens Asset Management Software

The customer Siemens Electrical Products Business, North America, a power distribution equipment manufacturer, faced challenges with asset visibility and data-driven planning across its multiple plants. The vendor, Siemens Asset Management Software, implemented its Asset Essentials and Origin solutions to provide a unified view of assets and their associated costs, moving the company away from reliance on spreadsheets.

The solution from Siemens Asset Management Software centralized asset data and automated the capture of downtime and maintenance costs. This provided the necessary visibility to prioritize equipment replacements, simplify capital planning, and facilitate data-backed discussions between finance and operations teams. Results included a 90% adoption rate for labor hour tracking and the ability to proactively address the suppliers responsible for the majority of downtime.

Siemens Electrical Products Business, North America