Maximo is an IBM enterprise asset management for asset life-cycle and maintenance management. IBM Maximo® enterprise asset management solutions allow you to gain near real time visibility into asset usage, better govern assets, extend the useful life of capital equipment, improve return on assets and defer new purchases—while unifying processes for wide-ranging enterprising asset management functions across multiple sites.
Support enterprise asset management in key industries, including manufacturing, healthcare, life sciences, nuclear power, oil and gas, service providers, transportation and utilities.
Provide visibility and control over critical assets that affect compliance, risk and business performance.
Increase the useful life of physical assets with improved business processes for an increased return on assets and enhanced operational efficiency.
It has six major functions
Asset management – Achieve the control you need to more efficiently track and manage asset and location data throughout the asset lifecycle.
Work management – Manage both planned and unplanned work activities, from initial request through completion and recording of actuals.
Service management – Define service offerings, establish service level agreements (SLAs), more proactively monitor service level delivery and implement escalation procedures.
Contract management – Gain complete support for purchase, lease, rental, warranty, labor rate, software, master, blanket and user-defined contracts.
Inventory management – Know the details of asset-related inventory and its usage including what, when, where, how many and how valuable.
Procurement management – Support all phases of enterprise-wide procurement such as direct purchasing and inventory replenishment.