Overview: Solving Challenges in Asset Intensive Industries
Posted by Niamh Vaughan
Companies in a variety of industries need to manage capital assets effectively to ensure profitability, and those industries all have a number of common challenges.
Operating and maintaining large, expensive, or remote assets presents many challenges, from optimizing complex global supply chains to mitigating the impact of unpredictable weather events. Poor management of these operational processes can increase costs significantly and have a negative impact on profitability.
Public and legislative pressure to minimize environmental impact is also a major concern for asset-intensive organizations. In addition, companies in asset-intensive industries are under increasing pressure to maintain exemplary health and safety standards and to proactively protect employees and others engaged with the company from harm and injury.