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Asset
Management of visibility can undermine the effectiveness of service models. However, when done right, PaaS models can transform asset management and performance through advanced digital technologies and a focus on circularity, including:
■ IoT integration: Sensors and connected devices embedded in assets provide realtime data on usage, condition and location. This continuous stream of information enables proactive maintenance, optimized utilization and rapid response to issues
■ Digital twins: Virtual representations of physical assets allow for simulation and analysis, helping providers enhance
performance, predict failures and plan maintenance more effectively
■ Circularity: Service providers are incentivized to design products for durability, reuse and recyclability, supporting a more sustainable lifecycle and minimizing waste Using the previous example of pallet pooling, providers may track assets using serialization, RFID or GPS technology. This enables real-time monitoring of product movement, optimization of delivery routes and a reduction in losses. This not only improves operational efficiency but also ensures better asset utilization.
The benefits of these advancements include greater transparency, made possible by access to detailed usage and performance data, improved decision-making and enhanced trust between customers and providers. In this way, both parties can track asset health, usage patterns and service history, enabling more informed choices and proactive management. At the same time, aligning incentives for sustainability and lifecycle management ensures that products are reused or recycled more effectively, supporting the principles of a circular economy. In essence, the success of PaaS depends on breaking down data barriers and embracing digital tools, paving the way for a more efficient, transparent and sustainable future. ■
Sandy Leyva www. chep. com / us / en / services-solutions
Sandy Leyva is Head of Sustainability at CHEP Americas. CHEP is a global leader in supply chain solutions. Together with producers, manufacturers, retailers and logistics partners, CHEP advances the smart and sustainable movement of goods across more than 60 countries. Powered by its share, repair and reuse network of pallets, crates and containers, CHEP helps businesses optimize their supply chains to reduce costs and minimize the environmental impact of their operations.
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