BY Atonix Digital Team

Shifting from a Linear to Circular Model

As a continuation of our blog series dissecting the Frost & Sullivan report, Optimize Asset and Infrastructure Life Cycle, we’re taking a closer look at how to execute a more enlightened and sustainable asset management strategy.

Traditionally, plants often utilize a linear value chain, one that begins with procurement and ends with decommissioning end-of-life assets. Because this model lacks foresight, production gets stalled at the end of the line. To keep the supply chain in motion, many forward-thinking organizations are adopting a circular model.


Six Benefits to a Circular Asset Management Model

The key is adopting a value chain that focuses on outcomes, rather than reactive solutions. The ability to integrate insights and align them to business goals will ultimately achieve the following…

  1. Drive unchallenged visibility across assets and facilities.
  2. Help assess remaining useful life of assets, provide risk advisory services and what-if scenario analysis.
  3. Balance risk and investments effectively.
  4. Extract insights and recommendations from data.
  5. Avoid an overload of asset-specific applications.
  6. Gain better foresight in operations.

If you’re interested in learning more about how to achieve a holistic, integrative supply chain, or how to achieve the benefits of increased efficiency and reduced costs, download Frost & Sullivan’s full report here.

Stay tuned for the last entry into our series recapping the Optimize Asset and Infrastructure Life Cycle report!

Atonix Digital Team

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