Industries

Navigate the challenges of increasing project and operational complexity with Capital Asset Lifecycle Management

March 31, 2022 • < 1 MIN READ
By Lorraine Abazeri

The Consumer Products and Goods (CPG) industry is highly competitive, and agility and resilience are critical. When your company’s critical project information is disconnected and unmanaged, this becomes difficult. CPG companies must work faster, smarter, and more predictably to stay ahead of the competition, embrace new opportunities, and deliver sustainable and profitable growth as commercial pressure mounts to operate existing assets more efficiently and bring new assets online without project delays and cost overruns.

Capital assets are an organization’s productive base, and organizations invest a significant portion of their funds in the facilities, plants, factories, and critical infrastructure that serve as the foundation of their operations. Many capital asset stakeholders today want, but are unable, to digitalize and increase efficiencies through the use of new technologies.

Watch this video demo to learn how Siemens’ Capital Asset Lifecycle Management solution can help you navigate the challenges of increasing project and operational complexity by establishing a comprehensive digital twin of your plant, facility, or other capital assets, with a digital thread that connects people, processes, and data across the asset lifecycle to accelerate project delivery, reduce costs, and improve safety, quality, and operational performance.

Teamcenter for Capital Asset Lifecycle Management

Read more about Teamcenter for Capital Asset Lifecycle Management, which helps companies digitalize their capital assets as early in the lifecycle as possible by establishing the enterprise data management and collaboration foundation for the capital asset lifecycle; from concept to operations.

Try Teamcenter X
Learn more
Lorraine Abazeri

As a passionate advocate for sustainable innovation in the consumer products and consumer packaged goods industry, I am excited about the incredible strides we're witnessing at Siemens and the remarkable work being done by Blendhub. The concept of transforming everyday access to nutritious food on a global scale is a cause that deeply resonates with me. The way Blendhub is redefining food production, bringing it closer to those who need it the most, is not just inspiring; it's a blueprint for the future. Being part of a team at Siemens that supports these transformative initiatives gives me a sense of pride and optimism. Every day, we're not just talking about change; we're actively participating in making it happen. I am excited to see how technology is leveraged to forge a more sustainable, accessible, and healthier world for for everyone, everywhere.

More from this author

What to read next:

Leave a Reply

This article first appeared on the Siemens Digital Industries Software blog at https://blogs.stage.sw.siemens.com/consumer-products-retail/2022/03/31/navigate-the-challenges-of-increasing-project-and-operational-complexity-with-capital-asset-lifecycle-management/