Asset Suite: Design Engineering
"Ventyx will allow our design engineers to work within their design environment and send compatible unit designs into the work management and supply chain solution. We anticipate that this integration strategy will save between 10 and 20 percent in labor costs and improve customer service significantly."
-Michael Lamb, Xcel Energy
With one system that unites all processes for design, specification, procurement, construction and maintenance execution together with your asset base, utilities can now achieve breakthroughs in cost reduction and operational excellence. That's critical as you seek to expand and modernize your infrastructure.
A seamless workflow between engineering design and asset management greatly enhances the productivity of design engineers. With the addition of Graphical Information System (GIS) data, design engineers benefit even more from a streamlined design and engineering process. By integrating Ventyx solutions with GIS systems, designers can easily turn "as-is" conditions into "to be" construction designs. With Asset Suite, utility design engineers can create accurate plans and budgets in a fraction of the time. It's finally possible to quickly respond to service requests with a cost-effective, mobile-enabled design solution that meets standards and guidelines.
Ventyx Asset Suite's deep supply chain capabilities encompass the entire procurement process, also of critical importance. With access to all information about component costs, inventory, availability, and purchasing, you can provide immediate designs with complete procurement information. By facilitating the design process, even while in the field, workflow is optimized and designer productivity is exponentially increased.
Ventyx Asset Suite also facilitates the design process by ensuring compliance with applicable standards, developing estimates for various design alternatives, tracking billing requirements and updating property and asset records.
Key features:
- Establishes a library of Compatible Units comprising labor, material, contract services and FERC Accounting
- Creates assemblies by grouping Compatible Units to facilitate standards compliance
- Defines Property Units in the Master Materials Catalog and/or the Compatible Unit library and supports assembly into property unit groups
- Provides for the generation of multiple design alternatives to facilitate the selection of the design alternative most responsive to client requirements
- Integrates with the work order life cycle process to ensure accurate and timely update of asset management systems
- Generates estimates with various billing rates applied to reflect current client contract agreements
- Provides Financial Integration with financial systems to third-party products from Oracle, PeopleSoft and SAP for full asset management life cycle control
- Integrates with Document Management, Contract Management, Project Management, and Financial Infrastructure
- Supports integration with Invoicing and Accounts Receivable functions
- Tracks Cost of Work in Progress
