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Release 12.2
Asset Lifecycle Management
Copyright © 2011, 2015, Oracle and/or its affiliates. All rights reserved.
Table of Contents
1. Disclaimer _______________________________________________________________________ 1
2. Introduction ______________________________________________________________________ 2
2.1. Purpose of Document__________________________________________________________________ 2
3. Asset Lifecycle Management Release 12.2 Value Proposition _______________________________ 3
3.1. Drive Best Practices by Supporting Better Processes _______________________________________ 3
3.2. Empower All Users ___________________________________________________________________ 3
3.3. Manage the Complete Asset Lifecycle ____________________________________________________ 4
4. What’s New in Oracle Enterprise Asset Management (eAM) _______________________________ 5
4.1. Streamlined Support for Business Flows__________________________________________________ 5
4.1.1. Enhanced Integration _________________________________________________________________________ 5
4.1.2. Flexible Workflow ___________________________________________________________________________ 5
4.2. Support for Industry Accepted Best Practices _____________________________________________ 6
4.2.1. New GIS Integration _________________________________________________________________________ 6
4.2.2. Enhanced Asset Visualization with Linear Asset Management _________________________________________ 6
4.2.3. Increased RCM Support _______________________________________________________________________ 6
4.2.4. Options for Work Order Scheduling _____________________________________________________________ 6
4.3. Improved Usability to Enable Easier Data Entry ___________________________________________ 7
4.3.1. Improved Usability of Work Execution ___________________________________________________________ 7
4.3.2. New User Interface to Manage Asset Move Process _________________________________________________ 7
4.3.3. Mobile Maintenance _________________________________________________________________________ 7
4.4. Improved User Efficiency and Productivity _______________________________________________ 8
4.4.1. Support for Asset Moves ______________________________________________________________________ 8
4.4.2. Better Employee Scheduling ___________________________________________________________________ 8
4.4.3. Support for Work Permits _____________________________________________________________________ 8
5. Introducing E-Business Suite Information Discovery for Oracle Enterprise Asset Management __ 9
5.1.1. Improved Maintenance Planning and Asset Utilization _______________________________________________ 9
5.1.2. Reduced Maintenance Costs ___________________________________________________________________ 9
5.1.3. Improve Resource Efficiency __________________________________________________________________ 10
5.1.4. Visibility Across Organizations ________________________________________________________________ 10
6. What’s New in Oracle Asset Tracking ________________________________________________ 11
6.1. Streamlined Integration ______________________________________________________________ 11
6.1.1. Enhanced Integration ________________________________________________________________________ 11
6.1.2. Additional Business Flow Support ______________________________________________________________ 11
6.2. Improved Usability to Enable Easier Data Entry __________________________________________ 11
6.2.1. New Interface and Fewer Key Strokes ___________________________________________________________ 11
7. Industry Enhancements ____________________________________________________________ 12
This document is for informational purposes only and is intended solely to assist you in
planning for the implementation and upgrade of the product features described. It is not
a commitment to deliver any material, code, or functionality, and should not be relied
upon in making purchasing decisions. The development, release, and timing of any
features or functionality described in this document remains at the sole discretion of
Oracle.
Due to the nature of the product architecture, it may not be possible to safely include all
features described in this document without risking significant destabilization of the
code.
Oracle E-Business Suite Release 12.2 Release Value Proposition Purpose of Document 1
2. Introduction
The new features and enhancements included in this document are grouped by product.
Our goal is to ensure that you leverage technology to its fullest to increase the efficiency
and effectiveness of your operations. Please note that the final release may not include
every feature discussed in this document, and a specific feature may become part of a
different application or have a different product name from that cited in this document.
Oracle E-Business Suite Release 12.2 Release Value Proposition Purpose of Document 2
3. Asset Lifecycle Management Release 12.2 Value
Proposition
The Oracle Asset Lifecycle Management (ALM) family of applications consists of
Oracle Enterprise Asset Management (eAM) and Oracle Asset Tracking (OAT). The
ALM applications provide a comprehensive set of modules to manage the entire life
cycle of an asset. The functions range from asset development (construction and/or
acquisition), installation (operations management), maintenance planning (Preventive,
Reactive and Condition-Based), capacity planning (parts and labor), work scheduling
(materials, tools and human resources), work execution (in-house as well as external
repair), cost management, capitalization, project management, billing, and asset
retirement. Keeping assets healthy through an integrated suite of products is key
especially during an economic downturn as replacing assets is costly. Knowing when to
replace versus repair an asset is critical to informed decision-making and ALM provides
the information necessary. The information is gathered in ALM from the people who
work closely with the Assets (Maintenance, Facilities Engineers, and Financial
Analysts). Providing a system that is easy to use is key to empowering these users to be
able to find and analyze the data in order to make better decisions about their Assets.
The Oracle E-Business Suite ALM Release 12.2 (inclusive of Release 12) is focused on
the following key areas:
Oracle E-Business Suite Release 12.2 Release Value Proposition Drive Best Practices by Supporting Better Processes 3
A byproduct of this benefit is that the users are able to spend more time analyzing the
data as opposed to simply entering it; ALM becomes more of decision support system as
opposed to a computerized maintenance management system.
Oracle ALM helps these different users collaborate on the status and health of an asset
by enabling and enhancing the integration between the applications. This reduces
discrepancies and data entry associated with maintaining multiple systems and is the
foundation for a single source of asset truth.
Oracle E-Business Suite Release 12.2 Release Value Proposition Manage the Complete Asset Lifecycle 4
4. What’s New in Oracle Enterprise Asset Management
(eAM)
An enterprise may have many different types of Assets that need to be maintained and
managed. The different types of assets – such as fixed plant or mobile equipment – have
differing characteristics including Preventive Maintenance schedules, criticality, and
meters. Customers need a flexible, integrated product to address all these needs; Oracle
Enterprise Asset Management is that comprehensive solution.
In Release 12.2, Oracle Enterprise Asset Management delivers benefits in these focus
areas:
Time is of the essence in Maintenance in that availability of the right parts for the job is
critical in planning maintenance work. When trying to plan a job, Maintenance has to be
able to identify the right material on-line. Maintenance can now search Inventory based
on Manufacturer, Manufacturer Part Number or Item Cross Reference using the Make
Item Cross Reference Search Capability feature, which will expedite this process.
Another feature, Specify Source Supply Subinventory for eAM Work Orders, provides
more accurate sourcing of material, which will increase wrench time by insuring material
is available closer to the actual work.
Maintenance often gets involved in project type work to construct or re-build assets.
These costs need to be capitalized in order to update the value of the Asset in Fixed
Assets, which is often a manual exercise. Work Order Cost Capitalization automates
this process, which is key to supporting full Asset Lifecycle Management and providing
accurate cost information to make key decisions like whether to replace or rebuild an
Asset.
Oracle E-Business Suite Release 12.2 Release Value Proposition Streamlined Support for Business Flows 5
safety requirements. Generally, it will provide greater control of the overall Work Order
processing.
Oracle eAM supports Linear Asset Management to address the business needs for
industries such as Oil & Gas (pipelines), Utilities (transmission and distribution
lines), and Public Sector (roadways, rails). When creating linear assets in eAM,
users can attach a Linear Reference Method, optionally define a Linear Asset
Segment, and map the asset / segment to a GIS route or geometry. Linear asset
attributes from GIS domains such as properties and elements can be defined and
associated to the assets so that they can be used as reference details while planning
and executing maintenance work on them.
Oracle E-Business Suite Release 12.2 Release Value Proposition Support for Industry Accepted Best Practices 6
4.3. Improved Usability to Enable Easier Data Entry
Generally speaking, Maintenance people’s core competency is not computers or
software. Although these are becoming more and more ‘tools of the trade’, wrenches
and pliers are still the preferred skills used to measure the trade’s person’s value. A goal
of Oracle eAM is to improve the system’s ease of use with every release by reducing
overall number of screens, pages, and mouse clicks necessary to complete a record or
process.
Prior to this release, creating a Work Order with materials and resources required
accessing multiple pages which was time consuming. Single Page for Work Order
Creation and Planning reduces the number of clicks and pages required to complete the
same flow thus reducing the overall time to get the problem reported, responded to and
fixed.
Many Maintenance environments have mobile users who require hand-held access to the
system. By providing the Wireless Maintenance User Workbench, users can
immediately report failures and update existing work they are responsible for on a PDA-
device. This will provide for more real time updates and more accurate information.
In environments where Asset moves and transfers are common, it is crucial to have a
user interface that simplifies the transaction intensive process. The Asset Move
Workbench supports the process described in 4.4.1 below.
Oracle E-Business Suite Release 12.2 Release Value Proposition Improved Usability to Enable Easier Data Entry 7
• Create simple work orders and work requests
Determining who is available and eligible for a job is often a daunting task for
Maintenance Managers. They need to know the duration of the Work Order, how many
hours their staff has already been assigned, whether the job requires specific skill sets
and more. Employee Assignment Page, the Crew Schedule screen, improves
maintenance efficiency by helping maintenance supervisors, planners, and schedulers to
assign employees based on time availability at the individual level.
Permits are often a statutory requirement related to safety in the work place which
are hazardous in nature and are mandated by the regulatory authorities. As such,
there are often significant fines imposed when permits are not properly used in
such environments. The introduction of Work Permits as phase one of our Safety
Management will help users reduce the administrative lead time required to create
and manage this aspect of safety management.
Oracle E-Business Suite Release 12.2 Release Value Proposition Improved User Efficiency and Productivity 8
5. Introducing E-Business Suite Information Discovery for
Oracle Enterprise Asset Management
Oracle E-Business Suite Information Discovery for Oracle Enterprise Asset Management
provides a solution that allows users to quickly find the information they need to respond
to real-time issues and opportunities. Leveraging Oracle Endeca technology commonly
used in internet shopping sites, these unique business applications allow users to “shop”
for issues and opportunities in current operational data, and then drill to the relevant
application pages to take action. With Oracle E-Business Suite Information Discovery
for Oracle Enterprise Asset Management, users can focus on transactions that require
their immediate attention and have a measurable impact on the business, driving revenue
and reducing costs.
Oracle E-Business Suite Information Discovery for Oracle Enterprise Asset Management
leverages the cutting edge Oracle Endeca technologies, such as in-memory data
discovery, type ahead Google like search for enterprise work order information,
interactive summary charts and tag clouds, guided navigation for data exploration and
refinements, results presented in a rich modern user interface with mobility that can
significantly improve the user productivity and efficiency.
Oracle Enterprise Asset Management Information Discovery for Oracle Enterprise Asset
Management provides simple intuitive data review and analysis capabilities of complex
maintenance data. It provides unique, easy to use powerful search capability for the
maintenance managers and supervisors to instantly find answers for ad hoc questions that
are otherwise hard to find answers in real time.
Oracle E-Business Suite Release 12.2 Release Value Proposition Improved User Efficiency and Productivity 9
- Make sourcing decisions that prevent excess inventory.
- Utilizing warranty benefits for assets eligible for warranty claims.
Oracle E-Business Suite Release 12.2 Release Value Proposition Improved User Efficiency and Productivity 10
6. What’s New in Oracle Asset Tracking
Oracle Asset Tracking is the foundation for Asset Lifecycle Management. Asset Tracking
captures all the transactions associated with an Asset from ‘cradle to grave’ and provides a
centralized repository of the Asset information.
In Release 12.2, Oracle Asset Tracking delivers benefits in these focus areas:
Streamlined integration
Prior to Grouping of Serialized Items, creating assets was labor intensive and prone to
data inaccuracies. Users now have a choice of grouping serialized items into one fixed
asset received in the same financial year.
Users find it difficult to comprehend the complexity associated with many Asset
relationships. Graphical Display of Network Relationship enhances the usability of
Asset Configuration relationships by providing graphical representation of instance
relationships. (This feature is also available from Oracle eAM’s Asset Hierarchy page.)
With the introduction of Oracle Asset Tracking (Install Base) Mass Update capability,
updates are now less time consuming and more accurate.
Oracle E-Business Suite Release 12.2 Release Value Proposition Streamlined Integration 11
7. Industry Enhancements
ALM Release 12.2 provides industry-specific functionality in the following areas:
Life Sciences
Utilities
For many pharmaceutical companies and the like, support for 21 CFR Part 11 is required
in their maintenance system. With the introduction of Electronic Signature and
Electronic Record, Oracle eAM can now support key life sciences/pharmaceutical
regulatory requirements. Support for 21 CFR Part 11 Requirements is provided during
Work Order completion
7.2. Utilities
7.2.1. Oracle Enterprise Asset Management
Often Transmission & Distribution (T&D) Utility environments are tasked with
repetitive-type construction work. Oracle eAM now supports Construction Estimating
via the introduction of the Construction Units (often referred to as Compatible Units).
Construction Units are standardized, repetitive units of work, which involve labor,
material, and equipment and are used to plan different types of jobs. Through this
feature users can create templates to be used for estimation and generating Work Orders,
with modifications that a particular project might require. Although this feature appeals
mostly to Utility customers in T&D, similar functionality can be used in other industries
such as Gas, Water, and/or Construction and can also be modeled to perform shutdown
planning.
Oracle E-Business Suite Release 12.2 Release Value Proposition Life Sciences 12