Micromation | Top 10 Enterprise Asset Management Services Company In Canada - 2023
Micromation: Efficient Product and Asset Management Solutions for Your Business
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CIOREVIEW >> EAM >> Micromation

Micromation has been recognized by CIOReview Magazine as the recipient of “Top 10 Enterprise Asset Management Services Companies In Canada - 2023,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with David Smith, President.

Micromation
Efficient Product and Asset Management Solutions for Your Business

Micromation

David Smith, President
Micromation is a leading management consulting company that specializes in IT and professional services, providing specific and measurable performance improvement strategies for businesses of all sizes. With an emphasis on maximizing economic gains through streamlined processes, improved transparency, and minimized costs, Micromation can help businesses achieve their goals by managing their products and assets throughout their lifetimes.

At Micromation, the goal is to identify and address a company's most critical issues, providing customized strategies to reduce risks and enhance product and asset performance. By breaking down products and assets by value chain stages such as production, manufacturing, packaging, and distribution, Micromation can help businesses achieve a competitive advantage in the market.

President David Smith explains, "Our goal is to determine how to leverage or improve existing people, processes, and tools to help an organization achieve its vision." The Micromation team accomplishes this by starting with a gap assessment, which allows them to create a roadmap that suggests the right sequence of activities for potential process improvement, skill upgrading, and technology enhancements.

Throughout the lifecycle management process, Micromation provides expert guidance, including discovery, audits, reconciliation, and governance, to accelerate digital transformation processes. With a comprehensive educational program that includes self-improvement services and DIY products, Micromation can help clients adopt new practices and processes seamlessly.

Collaborating with VeChain, Micromation has launched TrueStoryteller, an innovative product and asset management solution that uses blockchain technology and encrypted IoT chips to track and trace various assets, products, and items. TrueStoryteller provides full visibility and control over assets throughout their lifecycle with a digital passport containing detailed information about each asset, including its origin, history, and ownership. The joint marketing of the solution emphasizes the value of blockchain and IoT technologies in addressing the demand for transparency and traceability in supply chains. By optimizing asset management practices and improving operations and sustainability practices, True Storyteller is a game-changer for businesses.

As a pilot program for TrueStoryteller, Micromation worked with GS1 to further explore the capabilities of the service. The pilot aimed to provide a transparent history of the product's journey from seed to sale, including origin, sourcing, certification, testing, and other key supply chain information. Micromation used GS1 identification keys, such as the global trade item number (GTIN) and global location number (GLN), to consistently track data as the product transfers between trading partners. All the product data was stored in a QR code on the product label for consumers and trading partners to access. Traceability solutions that use standardized, persistent identification, like GS1 standards, enable businesses to build trust with consumers by providing complete supply chain transparency.

Our goal is to determine how to leverage or improve existing people, processes, and tools to help an organization achieve its vision

Micromation's extensive knowledge in blockchain solution implementation, IT service management, continual service improvement, Lean methodology, and financial management has helped them excel in digital transformation projects over the years. Through continual improvement of processes and services, Micromation assists organizations in increasing customer value, minimizing waste, and enhancing yield 'easier, better, faster, cheaper.'

Micromation's unique proactive approach towards leveraging technological advancements and acquiring domain expertise reinforces its position as a trusted partner for businesses seeking efficient product and asset management solutions. For enterprises grappling with challenges pertaining to product or asset management, Micromation stands poised to provide proficient counsel and bespoke tactics to drive the attainment of their objectives.

Top 10 Enterprise Asset Management Services Companies In Canada - 2023

Company
Micromation

Headquarters
Ontario, Canada

Management
David Smith, President

Description
Micromation, an information technology (IT) and professional services company, provides specific and measurable performance improvement strategies for small to large businesses and government entities to enhance their products/assets value.

Top 10 Enterprise Asset Management Services Companies In Canada - 2023

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