Building Smarter and Sustainable Factories in Southeast Asia: A Practical Guide to Life-Cycle Asset Management with IoT
As Southeast Asia rapidly industrializes and integrates digital technologies, Life-Cycle Asset Management (LCAM) has become a strategic enabler for smart, sustainable, and competitive manufacturing. LCAM is not only about extending asset lifespan; it is also about embedding lean management , reducing waste, enhancing value, and aligning with evolving environmental, social, and governance (ESG) expectations. This guide presents a practical LCAM framework for factories across Southeast Asia, powered by Internet of Things (IoT) systems and guided by lean principles. Step 1: Strategic Planning & Acquisition Successful LCAM starts with defining the long-term value of assets in line with organizational goals and national development priorities. Across Southeast Asia, manufacturers are increasingly adopting lean acquisition strategies—acquiring only what delivers maximum value with minimal waste. When considering a smart IoT system for factory automation, organizations must asse...