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Consumer Goods

Enhanced insights mean more effective decisions.

AssetLens is a digital platform that guides multiyear capital decisions through convergence of operational and financial asset data.

Built by 1898 & Co., part of Burns & McDonnell, AssetLens is powered by decades of staff knowledge and experience across building infrastructure, production and packaging equipment, utilities, warehouse assets, and automation systems.

Multiyear capital planning that is:

Efficient
  • Less time deciding on priorities
  • Focus financial analysis for higher return potential
  • Focus commercial relationships
  • Execute more planned projects
Predictable
  • Reduce unplanned expenditures
  • Increase time for procurement
  • Achieve safety, innovation and sustainability milestones sooner
  • Nothing falls off the radar
Confident
  • Quantifiable operational risk
  • Consistency amid labor turnover and knowledge loss
  • Defensible capital decisions
  • Readiness to adapt

HOW WE HELP

At 1898 & Co., we work with clients throughout the industrial asset management and technology journey. We know that each client approach and asset portfolio has unique elements. We developed AssetLens as a highly customizable asset investment planning (AIP) platform with data-driven insights to optimize investment decisions. We help:

  • Quantify asset risk through a prebuilt framework.
  • Assess multicategory investment requests.
  • Identify investment blind spots.
  • Optimize selection and timing decisions.

OUR APPROACH

Our proven three-step engagement process — discovery, use-case demonstration and scoping workshop — is designed to surface critical business factors leading to misallocated investments and equip you with a plan efficiently. We help clients succeed through:

  • A configured-to-suit program.
  • Working through change together.
  • Accelerating implementation and time-to-value.
  • Making your people feel heard, confident and inspired to make an impact.
Readiness checklist: Do these sound familiar?

Experiencing at least 60% of this list is quite common

  • You use a “big spreadsheet” for long-term planning.
  • There are inconsistencies with assessing risk across the organization.
  • There seems to be an increase in “yelling” for capital.
  • Considerable time is spent preparing and justifying capital requests.
  • Several unplanned expenditures happen each year.
  • A percentage of planned projects is not completed each year.
  • There is a backlog in modernization spending.
  • High “stay in business” spend is hindering growth initiative spending.
  • There is low confidence in your five-year spend predictions.
  • Unactioned capital requests are not retained.

Case Study

A multinational consumer goods company needed a way to better inform its capital investment decisions. The answer would combine its extensive facility/asset base and systems of record into one universal dataset, using a new software solution.

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Insights

WHITE PAPER

How AIP Software Fills a Critical Capability Gap for Manufacturers

ARTICLE

Mitigating Manufacturing Capital Risk Through Asset Investment Planning

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Interested in learning more?

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Nick Xenakis

LET'S TALK

Independent research firm Verdantix has rated AssetLens from 1898 & Co. as a market innovator in a comprehensive review of vendors providing asset investment planning (AIP) software solutions.

Because the future won't wait.

How Can We Help?

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