Asset forecasting in asset intensive enterprises

A computer program product embodied in a non-transitory computer readable medium, the computer readable medium having stored thereon a sequence of instructions which, when executed by a processor causes the processor to execute a process, the process comprising:

• receiving a database record corresponding to an individually identified asset to be individually tracked through a corresponding asset lifecycle;
• receiving an asset-specific scheduled maintenance plan for the individually identified asset;
• recording events pertaining to the individually identified asset over at least a portion of the asset-specific scheduled maintenance plan;
• storing a series of recorded events pertaining to performance of the asset-specific scheduled maintenance plan of the individually identified asset into a learning model;
• and
• using the learning model to predict a future demand, wherein the predicted future demand comprises a forecast for items in quantities that are not given in the asset-specific scheduled maintenance plan for the individually identified asset.

A system comprising:

• a supply chain planning module to receive a database record corresponding to an individually identified asset to be individually tracked through a corresponding asset lifecycle;
• a maintenance operations module to receive an asset-specific scheduled maintenance plan for the individually identified asset;
• a demand management module to record events pertaining to the individually identified asset over at least a portion of the asset-specific scheduled maintenance plan, and to store a series of recorded events pertaining to performance of the asset-specific scheduled maintenance plan of the individually identified asset into a learning model;
• and
• a predictor to predict a future demand, wherein the predicted future demand comprises a forecast for items in quantities that are not given in the asset-specific scheduled maintenance plan for the individually identified asset.