Prospecta Software will sponsor Mastering SAP Conference for EAM, Supply Chain and Procurement

Jewel Towers in Queensland, Australia with the beach in view | Prospecta Software

Prospecta Software has announced it will be sponsoring the Mastering SAP Conference for EAM, Supply Chain and Procurement, which takes place from 13 to 14 November at the RACV Royal Pines Resort, Gold Coast in Queensland, Australia.

The event brings together the Mastering SAP community across two days, with over 40 hours of content and networking opportunities.

The Prospecta team can be found at booth S5 where they will discuss Master Data Management for EAM and Supply Chain & Procurement and its power to unlock “full potential”.

Prospecta says its Master Data Online (MDO) solution is designed to enable organizations to achieve asset utilization rate improvement by 10%, provide a reduction in unplanned downtime by 20%, improve supplier relationships, optimize purchasing strategies and demand forecasting, leading to a reduction in procurement costs by 10% to 20%.

MDO supports traditional EAM master data management and emerging SAP Intelligent Asset Management (IAM) master data management processes within SAP Asset Central. It supports the processes of the following:

  • Master data governance processes for asset master data covering a wide range of technical SAP data models and structures.
  • Templates which control customers’ models and structures are provided for both online and mass uploads and changes.
  • Pre-defined SAP Data Models are included in the MDO Platform. All standard Asset Central business objects are included: functional locations (including linear assets), equipment, bills-of-material, task lists, maintenance plans, classification, measurement points and work centers.
  • Pre-defined model templates which support CFIHOS standards for uploading to MDO and then synchronizing with SAP using standard SAP objects and classification during operational handovers.

Prospecta’s team will be available at the booth to provide more information on its IAM system and how this is “empowering strategic management and analysis of industrial assets through the application of digital technologies”, ensuring safe operations, optimizing asset utilization and minimizing costs.