Smart Asset Management Strategy and Use Cases
Smart Asset Management involves collaborating and synchronizing across the asset management functions using common asset information management and business process automation
A best practice is a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark. ARC has conducted numerous best practice surveys over the past thirty years and has developed best practices for a large number of topics of interest to industry executives.
Many manufacturers are shifting away from a “take, make, and throw away” mentality to move toward a circular economy. In this economy, waste is considered a valuable resource, and companies research new and more efficient ways to extend a product’s useful life. They can design products and use materials with end-of-life and disposability and impact to the environment as a design criterion.