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Enterprise Asset Management Business Drivers and Benefits

  • Optimize equipment use with real-time tracking tools.
  • Maximize availability of plants, equipment, and other facilities.
  • Centralize accurate maintenance records and documentation.
  • Define and enforce organizational quality and safety standards.
  • Organize the process of asset decommission and disposal at end of life cycle.
  • Improve management of inventory, parts, and services with maintenance, repair, and operations (MRO) functionality.

Enterprise Asset Management Risks

  • The inability to conduct EAM what-if analyses can hinder your capacity to forecast and make appropriate decisions about future events that could negatively impact the organization.
  • If you’re not using an EAM/CMMS system to document transactions related to fixed asset procurement, use, and disposal, you may unintentionally neglect regulatory compliance.
  • Without an EAM/CMMS system to help manage human resources (HR) tasks, inappropriate hiring of contractors may result in poorly repaired or badly maintained assets.
  • Asset tracking information may not be accurate if radio frequency identification (RFID) functionality is not implemented as part of EAM/CMMS.

Research Articles

Most Requested Research Related to Enterprise Asset Management (EAM)www.tecwhitepapers.com)

Asset Life Cycle Management
Mincom
CMMS/EAM Implementation Planning Tips
Tero Software
Impact the Bottom Line, a Business Case For Reliability-Driven Maintenance
Ivara Corporation
Executive Decisions for Using IT Outsourcing, Hosted Systems, and Enterprise System Management
ITIQ Solutions
Enterprise Asset Management Strategies: Creating Social and Financial Value by Going Green
Infor
Why SMBs Should Adopt ADC
Epicor
Collaborative Asset Maintenance Strategies—Redefining the Roles of Product Manufacturers and Operators in the Service Chain
Infor
How RFID Technology Can Enhance Your Asset Management Program
Infor
The Asset Management Benchmark Report: Moving Toward Zero Downtime
Infor
Asset Performance Management: The Secret to Uncovering Hidden Profits and Ending Operating Surprises
Infor

More vendor white papers…

Vendor White Papers Related to Enterprise Asset Management (EAM)
(on


[2007.1.30]
Zooming into an Inventory Free Flow
P.J. Jakovljevic
[2007.1.26]
Let the (Excess) Inventory Flow!
P.J. Jakovljevic

More news…

What Is Enterprise Asset Management?

Enterprise asset management (EAM) and computerized maintenance management systems (CMMS) enable the planning, controlling, and monitoring of physical asset events and maintenance tasks as they pertain to plants, equipment, and facilities. EAM/CMMS systems span all phases of the asset life cycle across all services, including investment planning, specification, design, operations and maintenance, and disposal. EAM/CMMS systems help managers better allocate equipment and resources, and ensure that proper and timely maintenance is carried out.


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Top Compared Solutions*
CMMS - EAM
1. IFS - IFS Applications
2. CHAMPS Inc. - CHAMPS
3. Oracle - Oracle Enterprise Asset Management
4. Infor - Infor EAM Enterprise Edition
5. Eagle Technology - ProTeus

View all CMMS - EAM vendors


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RFP Templates
Enterprise Asset Management (EAM/CMMS English Version)
 
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