Asset Innovation is a building block of Maintenance 4.0, taking into account the entire life cycle of plants and machines. Asset Management leads the way to maximize machine capacity while at the same time minimizing overall costs. If Asset Management also addresses innovations in plant planning and plant layout, experts use the term Asset Innovation / Life Cycle Costing.
In the new White Paper “Maintenance 4.0 – Maintenance Management for the Factory of the Future”, ConMoto has calculated that by implementing Asset Innovation the life cycle costs of plants can be reduced by 15 to 30 percent. Thus Asset Innovation can result in savings that can be twice as high as the original procurement costs.
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