Your physical Assets (EAM) are an important part of your business and human productivity
Not only do they help drive sales and production, but their maintenance and upkeep is critical to keeping costs under control.
Leverage real-time information for better decision-making w/predictive analytics
Increase productivity through mobile
The agility of the cloud to make real time decisions in the field
Assets have a predetermined useful life from acquisition to disposal that all have different challenges in regards to record keeping, key accounting issues, and strategies for cost reduction.
Your EAM system helps you manage every phase of the asset life cycle.
Transportation is safe, convenient, and reliably on time.
Manufactured goods are built to spec and delivered on schedule.
Patient care is timely and thorough.
Infrastructure is safe and well maintained.
Energy is delivered without interruption and in a cost effective way.
ERP and EAM: Partners for productivity
Historically, the cost and complexity of integrating EAM with ERP has proved prohibitive.
Yet it is fundamental that critical functions like asset management get the tools they require, while finance and IT get the consolidation and system simplicity they need.
Both ERP and EAM systems serve distinct, specific, and value-added purposes.
This paper explores how organizations need EAM and ERP systems to work together to fully deliver on their strategic plans.
Why EAM must evolve into asset performance management
Asset-intensive organizations are intent on increasing their maintenance maturity so they can do more with less without impacting their operations.
By evolving their EAM solution to incorporate APM capabilities, these organizations can manage and analyze the vast amounts of data and automated workflows necessary for predictive and prescriptive maintenance.
Organizations can reduce inventory and labor costs, improve safety, and create more accurate budgets.
The high cost of asset maintenance failure
No organization wants to be in the headlines because of a negative situation.
Unfortunately, that can happen if your asset management program lacks efficiency.
Organizations that don’t optimize the maintenance of their critical assets can face:
Take a look at this info-graphic to help you get started on the right path to creating your enterprise asset management strategy.
9 reasons to move asset management to the cloud
Moving an enterprise asset management (EAM) solution from on-premises to a cloud platform can allow organizations to focus on improving asset management practices, rather than on implementing and maintaining an IT infrastructure.
At the same time, organizations gain a scalable, reliable, secure, and accessible solution that enables them to take advantage of modern data analytics and maintain compliance with changing regulations—all for a predictable monthly or annual cost.
Here are nine ways a cloud EAM solution can help improve ROI for any organization to drive better decisions and human productivity
Turn asset management into a competitive advantage
Today’s asset management solutions need to go beyond their older responsibilities of simply handling work orders; they need to help organizations become predictive instead of reactive.
Choosing your EAM system wisely can turn your company’s asset management program into a competitive advantage—something you may not have considered.
The right EAM system can more easily support sustainability initiatives, ensure greater regulatory compliance, and increase the reliability of your assets through predictive maintenance—all at a reasonable cost and with the flexibility and scalability you’ll need as you grow.
Key details and questions when choosing an EAM system
With the right EAM system in place, organizations can not only keep assets operating within specifications and reduce energy usage, but vastly increase efficiency and identify problems before they shut down operations.
In short, an EAM system can be used to optimize maintenance and turn it into a competitive advantage.
Many of the existing solutions on the market are little more than frameworks that require costly and expensive customizations to create a complete EAM system.
Customizing software complicates future upgrades and makes staying current on technology updates more expensive and less likely.
If that doesn’t sound appealing, it’s time to consider what a purpose-built EAM system can deliver human productivity.
Learn more about the five primary categories to consider when looking for an EAM system