Business software major SAP has started a project at BASF’s Ludwigshafen site to evaluate digital collaboration among business partners in the domain of engineering and maintenance.
SAP Asset Intelligence Network, a cloud-based collaborative network, will provide BASF with a digital data connection to multiple original equipment manufacturers (OEMs) and service providers and their respective asset data.
BASF, as part of BASF 4.0 project to drive the digital transformation of BASF, aims to establish an integrated and centrally managed asset information repository, helping ensure data consistency and availability by starting the digital project.
This apart, BASF aims to improve the efficiency of its engineering and maintenance processes throughout the asset lifecycle by establishing a single source for asset information.
“An integrated digital approach with our business partners would allow us to easily access the latest and current information when and where needed, leading to quicker and better decision making and in consequence higher asset effectiveness,” said Andreas Wernsdörfer, senior vice president, Technical Site Services Ludwigshafen, BASF.
“SAP Asset Intelligence Network enables customers to collaborate in a digital ecosystem to manage intelligent devices in the Internet of Things (IoT) and achieve their goals for operational excellence,” said Tanja Rueckert, president, IoT and Digital Supply Chain, SAP.