What Is EAM (Enterprise Asset Management)?

Businesses of all sizes across all industries have equipment that is critical to the daily operations and profitability of their company. Keeping track of assets in any business is challenging and companies want to have better control over their assets, processes, and expenses. Today, businesses are using Enterprise Asset Management (EAM) software to help them maintain and manage the lifecycle of their assets.

What Is EAM (Enterprise Asset Management)?

Enterprise Asset Management (EAM) software helps businesses manage, organize, and track the lifecycle of physical assets across different facilities, departments, business units and geographical areas throughout the lifecycle of each asset.

EAM Optimizes Asset Lifecycle

Decreases the Total Cost of Ownership (TCO)

Maximizes Overall Asset Productivity (OAP) and Return on Assets (ROA)

The Importance Of EAM (Enterprise Asset Management) Software

Enterprise Asset Management (EAM) can benefit businesses and help them stay safe, compliant, organized, and successful. Some of the benefits include:

Maximize Return on Assets (ROA).
Reduce costs and minimize risks.
Reduce Total Cost of Ownership (TCO).
Minimize downtime and increase predictability.
More accurate information on assets to make better business decisions.
Increase data security with all of your asset information stored in one database.

The Differences Between CMMS & EAM

Computerized Maintenance Management System (CMMS) and Enterprise Asset Management (EAM) are both Maintenance Management Software, but EAM offers a slightly different set of features.

Computerized Maintenance Management System (CMMS) software manages the maintenance during the operational part of an asset’s life when it’s up and running and working.

Enterprise Asset Management (EAM) software, manages the entire lifecycle of an asset, from creation to the removal of the asset. EAM system software is used by asset-intensive organizations that need to manage large portfolios of physical assets across multiple locations. However, the popularity of these systems is increasing across small and mid-size organizations that need to manage system performance while adding the ability to plan and control budgets.

Highlights Of eWorkOrders EAM

A few highlights of how eWorkOrders EAM software solution can help simplify the management of assets include:

Extend asset life span.
Improve performance.
Enhance safety.
Streamline processes.
Analyze maintenance costs for repairs and replacement.
Implement a check-in and checkout process for tracking all assets.
Add photos to document the tools/equipment/facility condition.
Works with handheld computers barcode scanners and smartphones with barcode scanner apps.

All of these benefits and more result in increased efficiency, improved productivity, safety, compliance, and reduced costs.

Our EAM software is designed for any size organization and is packed with features to help organizations maximize asset availability and reliability by minimizing equipment failures and reducing costs.