When I graduated, I received my Bachelor’s degree in Accounting.  All through college I was taught that an asset was a “thing” that had value.  We put it on the books and depreciate it over its useful life so that we could eventually replace it.  Beyond asset classes to define depreciation formulas and useful life, we really did not pay much attention to the specifics of each asset.

In my personal life, those same things are not assets, but investments. As such, they get a lot of my attention.  My car, for example, gets serviced every 5k miles.  Preventive maintenance is the key to having a reliable vehicle that gets me where I need to go when I need to get there.  The house, the car, the pool, the yard – they all get routine maintenance designed to maintain or increase their value.

As I talk to more people, it is increasingly apparent how those two views are converging in the business world.  More and more, a company’s assets are being analyzed for their ROI.  And when you start down that path, the maintenance of the asset to increase the value or increase the useful life becomes that much more important.

Unfortunately, too many of today’s software solutions are not prepared to merge the two concepts.  I know your financial system can track value and depreciation of an asset, but can it track and manage preventive maintenance on that asset?  Or can your maintenance solution calculate and apply costs as part of the value of the asset?  Can your HCM solution identify skilled craftsmen in your organization who have been trained and certified on maintaining a piece of equipment, or with handling hazardous materials?   If the answers are “no”, maybe it is time to take another look at your systems because you are losing ground to your competitors.

Questions or comments, especially as they might relate to PeopleSoft ALM/Maintenance Management, an integrated system that can do all of the above?  Please contact me.

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MIPRO Consulting main website.

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About this blog.

Oracle’s Mark Rosenberg with a nice recap of Oracle’s 5th Annual Maintenance Summit, easily the premier conference for anyone interested in maintenance management and enterprise asset management (EAM):

Third, we on the Oracle team responded to participant feedback from the last Summit, and the increased attendance and survey ratings this year proved we got it right. This year, the agenda and speakers were secured and posted earlier to help participants provide business justification to their management so they could attend. We reserved time in the schedule for plenty of networking breaks to facilitate learning, and there were numerous demo stations and pavilions manned by our most knowledgeable Solution Consultants and partner company representatives.  In addition to the several general sessions on maintenance and high performance, we offered more presentations by product family. Having two full days with planned networking time, as well as a fantastic party hosted by Oracle Partner VIZIYA and a PeopleSoft customer dinner hosted by Oracle Partner MiPro Consulting, really gave customers and prospects a chance to understand how valuable and vibrant the community is for PeopleSoft Maintenance Management.

Any steady reader of this blog knows how large a footprint we have at the Oracle Maintenance Summit and how vigorously we support Oracle’s excellent PeopleSoft Maintenance Management ERP applications.  It was a fantastic show, and we’re looking forward to working with everyone we met there on their plans for a smarter asset maintenance approach.

Finally, a big thank you to Oracle’s Mike Madden, Mark Rosenberg and Loida McDearis for comprising a top-notch team, one truly infrequently found in the industry.  You’re a pleasure to work with.

Hands down, the best conference for ALM (asset lifecycle management), EAM (enterprise asset management) and MM (maintenance management) is Oracle’s Annual Maintenance Summit.  It’s a no-pitch, no-pressure meeting of the brightest minds and companies in the EAM space, and Oracle puts a tremendous amount of effort into encouraging information sharing and relationship building.

We’re less than a month away from the 5th edition of this great event.  Regular readers of this blog know that we have been publishing periodic posts about the Summit, but consider this the official reminder.

(Click the picture for the official invite page.)

This year’s event is being held at the Marriott World Center in Orlando, Florida.  Here’s a map of the venue:

Also, in case you missed it, we have an entire page dedicated to why you should attend this event.  You should give it a look.

The value of this event can’t be overstated if you or your organization is looking into implementing or enhancing its maintenance practice.  This only happens once a year, and we’d love to meet you there.

Want to ask us something about the event or its agenda? Email us and we’ll be happy to chat.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

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A: The Oracle Maintenance Summit agenda will be fact-filled, customer-based and ERP-specific, addressing topics like:

• Addressing the Increase of Operational Performance and Contribution to Margin Growth within the Maintenance Organization
• Going Beyond EAM to Drive Value with product sets recently acquired by Oracle, known as “Edge Products”
• Passion, Conviction, and Collaboration in the Field of Maintenance
• The Journey from Continuous Improvement to World Class Maintenance
• A Critical Look at What Maintenance Key Performance Indicators Really Indicate
• Driving Sustainable Improvements in Asset Performance Management
• Removing the Residue: Maintenance, Repair and Operations (MRO) Data Cleansing
• Understanding the Unique Requirements of Mobile EAM Users
• Implementing Enterprise-wide Health and Safety
• Optimizing Maintenance and MRO Stores Coordination
• Planning and Scheduling in a Complex Maintenance Environment
• Going Mobile with PeopleSoft Maintenance Management
• In-Depth Look at Fleet Preventive Maintenance
• Return on Investment: Expected and Unexpected Benefits
• Construction, Operations and Maintenance for Sustainability

A: The content can be used and incorporated to help companies drive toward maintenance excellence and better utilization of their products.

A: Tours of Orlando Utilities Commission (Generation Plant or Fleet or Facilities) to view one of Oracle’s EAM products in action to support maintenance.

That’s quite a topic lineup.  Worth going for that alone, if history is any indicator.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

More Oracle-related posts.

As Oracle Asset Lifecycle Management (ALM) continues to proliferate and the value of these modules become realized, one stands out as the last to be
adopted by the marketplace: Property Manager (PM).

As a customer-facing member of an organization that implements ALM, I am seeing more interest in PM as an integrated solution addition to new and existing ALM platforms.  Perhaps this is a function of the continuing evolution of the ALM platform, or, more likely it’s the realization that PM is a critical component to the ALM suite of products whose value is on the rise.

Property Manager, also referred to as Real Estate, streamlines and automates lease administration and space management, enabling business to more intelligently manage real estate portfolios.  I submit that PM spans its  breadth of functionality far beyond the traditional real estate “portfolio.” Consider the benefits for other business verticals that manage large real estate portfolios.  For example, large dispersed organizations healthcare,  state and local government, K-12 and higher education are a few that come to mind.

Lots of opportunities there.  More organizations can use PM that might be apparent at first glance.

The challenge remains: because there are few PM implementations in existence, there are few software and consulting professionals with experience in the marketplace.  We happen to be one of them.

If you’re interested in PM, or just want to know more about how its integration could enhance your current PeopleSoft ALM applications, drop me an email and I’ll be glad to chat.  No pitch, no pressure.  PM, for most folks, is compelling once they begin to understand what it can do, and we’re happy to help fill in any blanks you might have.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

More Oracle-related posts.

A: Oracle, as the event organizer, will ensure the focus remains on delivering a reliable Asset Lifecycle Management program through people, process and technology.

A: Simply stated, there is no event anywhere where you can meet as many customers and people in the Oracle EAM community.

A: Aligning with the theme of the 5^th Annual Maintenance Summit, ‘Drive Reliability and Sustainability with Teamwork and Technology,’ attendees will be able to interact and learn from speakers such as:

• Greg Rodeghier, CIO/VP of Information Technology, Orlando Utilities Commission
• Sean D. Tucker, Worlds Leading Civilian Air Show Pilot from Team Oracle
• Chuck Armbruster, Corporate Reliability Engineer Manager, The J.M. Smucker Company
• Bradley Robertson, Continuous Improvement Leader, ESCO Corporation
• Lonnie Elwood, Corporate Sustainability Director, Orlando Utility Commission
• Birgit Walker, Director, Facilities Operations and Finance, Stanford University School of Medicine
• Oracle Strategists on Oracle’s maintenance product direction

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

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Not one, but three good reasons for you on this fine Monday:

A: The Oracle Maintenance Summit is NOT an event for which we are asking people to invest in travel and hotel to hear Oracle and partners sell their products and services.  It’s not a sales pitch in any way whatsoever.  It’s a collection of like-minded folks who are looking to create the best maintenance practice available, one that creates business value instead of being a cost center in the eyes of accountants.

A: The Oracle Maintenance Summit is only open to EAM/CMMS professionals directly involved in EAM/CMMS software management, implementation or usage.

A: The Oracle Maintenance Summit provides a content-rich event that can help Oracle EAM customers take their maintenance operation to the next level.  Wherever you are now, you’re sure to learn something useful.  That’s a promise.

More to follow!

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management) and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

More Oracle-related posts.

A: The Oracle Maintenance Summit is an exclusive invitation-only event for leading maintenance practitioners. Maintenance software, or EAM (Enterprise Asset Management)/CMMS (Computerized Maintenance Management System), is key to improving productivity, which directly affects the bottom line and contributes to an organization’s ability to compete in the global market.

We here at MIPRO have been a sponsor of this excellent event for years, and if you’re at all interested in or beginning to research asset lifecycle management solutions, trust us when we say this is the nation’s premier event for such things.  The quality of material presented and people in attendance are fantastic.

Many more to follow. Stay tuned!

A: The boy scouts taught me to plan ahead and be prepared.  My mother reminded me often that “an ounce of prevention is worth a pound of cure.”  Your organization’s assets are no different, and a maintenance management solution such as Oracle’s is the perfect starting point for a proactive approach to maximizing the value you receive from each and every asset.  If you don’t understand the cost of an ounce of prevention, or the economics of a pound of cure, we can help you identify an ROI for your organization, and the Maintenance Management Summit is a great place to start asking pertinent questions.

Many more to follow. Stay with us!

Tomorrow, our PeopleSoft Practice Director David Brunet (@mipro_dave on Twitter) will be speaking at the Houston Regional Users Group at the Oracle Houston Office.  Nationally known as a PeopleSoft ALM/EAM guru, he’ll spend an hour giving an overview of PeopleSoft Asset Lifecycle Management (especially Maintenance Management) and why it’s becoming so popular.

Specifically, this session will focus on the value of an integrated ALM solution.  David will have a chance to talk about the business value he’s achieved by implementing a integrated maintenance solution (particularly vs. best-of-breed products).  He’ll also provide an overview of the broader PeopleSoft ALM solution as well as reflect on the experiences of his many implementations.

If you’re in the Houston area and considering PeopleSoft ALM, don’t miss this.

Where?

Houston Oracle office

Two Allen Center, 1200 Smith Street, Suite 1500, Houston, TX 77002

When?

11:05 AM —12:00 PM

Contact

Bobby Hoeflich (bhoeflich@oyogeospace.com) or Ken Botyos (ken.botyos@insightsoftwaresouth.com) if interested.

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MIPRO Consulting is a nationally-recognized consulting firm specializing in PeopleSoft Enterprise (particularly Enterprise Asset Management), Workday and Business Intelligence. You’re reading MIPRO Unfiltered, its blog. If you’d like to contact MIPRO, email is a great place to start, or you can easily jump over to its main website. If you’d like to see what MIPRO offers via Twitter or Facebook, we’d love to have you.

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