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What is an EAM system?Enterprise asset management (EAM) involves the management of mission critical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information. The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime and reduce operational costs.
Enterprise asset management (EAM) involves the management of the maintenance of physical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information.
The software helps in effective maintenance of assets through preventive, predictive, shutdown and breakdown maintenance strategies. The system also helps enterprises mitigate equipment risks by enhanced safety standards. The streamlined operations and improved asset performance helps organizations increase their investment effectiveness.
EAM is important because it helps organizations track, assess, manage and optimize asset quality and reliability. Asset intensive Organizations have hundreds, thousands, even millions of assets which needs to be maintained to maximize / optimize life of these assets to increase the return on investment.
The key features of effective EAM are:
- Work management.
- Maintenance Strategies (Preventive/ Predictive / Breakdown / Shutdown).
- Planning and scheduling.
- Supply chain management.
- Health and safety.
- Mobility.
- Analytics.
- Improved Asset Health at reduced cost through data driven maintenance Programs
- Complete visibilityon entire maintenance data across Equipment, across Models, across Branches to aid in analysis & decision making such as to Repair or Replace the Equipment
- Insightful analysis of Inspection Data to improve customer satisfaction
- Effective maintenance management enhanced by predictive maintenance and inbuilt analytics
- Increased reliability and safety, keeps complete track of all the inspections & calibration schedules
- Mobile Application enables users to execute work while “in the field” leading to minimized non-productive time and increased productivity and reduces duplication of work and human errors in recording information.
- Quick turnaround time through Actionable Notification & Alerts for every process in real time and accessible anytime and anywhere.
- Improved Regulatory Part of asset management involves the implementation of better O&M practices, which can significantly improve compliance.
Asset Intensive companies under the following Industries :
- Ports
- Cement and Mining
- Utilities
- Fleet Maintenance
- Equipment Rental
- Other Manufacturing
- Real Estate & Infrastructure
- Power Generation
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This differs on case to case basis, based on the type of installation and unique industry specific requirements. Contact us for a meeting and schedule a demo.
This differs on case to case basis, based on the type of installation and unique industry specific requirements. Contact us for a meeting and schedule a demo.
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