Supply chain professionals may visually recall that in 2009, at the height of the financial driven crisis and global recession, production and transportation volumes were dramatically impacted. Significant value-chain activities became idle in a matter of weeks. In that same year, 28 percent of rail fleets were parked in storage, and one estimate noted that there were $43 billion in idle railroad assets parked in any available storage location. As noted in our pictorial, some railroads such as the Burlington Northern Santa Fe (BNSF) had idle railcars placed on unused track stretching for up to 30 miles.
As these and other assets are being re-activated, there are some important reminders on the changing scope and requirements for enterprise asset management.
In a current guest posting on the Infosys Supply Chain Management blog, I outline the important considerations that teams in asset-intensive industries should consider in their business process and supporting information technology strategies related to this topic.
I encourage readers to add their perspectives on this important topic.