Manufacturing Today Issue - 239 August 2025 | Page 21

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Asset Management

Manufacturers today face increasing pressure to do more with less, while operating in a world where efficiency, adaptability and sustainability are more connected than ever before. One innovative solution gaining traction is Product as a Service( PaaS), a model offering a different path: pay for what you need, when you need it, and let specialists handle the rest. However, its real value lies in understanding where and how it can be applied for maximum impact.

Rethinking capital expenses and asset utilization
Owning assets outright once meant control and security. Today, however, it often means capital is locked away in equipment that sits idle or becomes obsolete faster than anticipated. Maintenance, upgrades and eventual disposal add layers of cost and complexity. This is especially problematic nowadays, as we navigate a market where flexibility and speed can determine competitiveness.
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