CMMS(Computerized Maintenance Management System)
Enterprise asset management (EAM) is a combination of software, systems and services used to maintain and control operational assets and equipment. The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive up time and reduce operational costs.
Enterprise asset management involves: work management, asset maintenance, planning and scheduling, supply chain management and environmental, health and safety (EHS) initiatives.
EAM is often associated with a CMMS or computerized maintenance management system, but it’s different. A CMMS can be one aspect of EAM. It focuses on centralizing information to facilitate and automate maintenance management processes. EAM is an asset lifecycle management approach that supports asset performance from acquisition to disposal.
In the Internet of Things (IoT) era — with everything from valves to vehicles connected by sensors and systems — practitioners are incorporating advanced analytics and artificial intelligence (AI) into EAM. Data gathered from instrumented assets is analyzed using AI techniques. The resulting insights help maintenance teams make better decisions, enhance efficiency, perform preventive maintenance and maximize investments in their physical assets.
Centralize asset information
A CMMS, as part of EAM, tells maintenance managers where an asset is, what it needs, who should work on it and when. It automates critical asset management workflows and makes them accessible and auditable.
Resolve issues before they happen
Asset management software supports preventive capabilities to maintain equipment for stable, continuous operations. It helps ensure warranty compliance and preempt issues that disrupt production.
Monitor assets smarter
AI-powered remote monitoring delivers actionable insight into current and expected states of assets. It aggregates data across departments and information silos, allowing for fewer, more accurate alerts and enhanced decision-making.
Maximize asset utilization
Historical and real-time data collected from IoT devices and analytical and diagnostic tools help extend the availability, reliability and usable life of physical assets.
Manage aging assets and infrastructure
Equipment life cycles are extended through more informed maintenance strategies and by embedding risk management into business processes to improve return on investment.
Elevate maintenance management
IoT, AI and analytics enhance equipment maintenance practices. Asset tracking and traceability meet increasingly complex environmental, health and safety requirements.
Consolidate operational applications
EAM helps establish a single technology system to manage virtually all asset types. Processes are unified and standardized for wide-ranging asset functions across an enterprise.