IMPORTANCE OF ENTERPRISE ASSET MANAGEMENT
EAM software handles the full asset lifetime. This involves procurement, continuing maintenance, and disposal. Physical assets having a high cost, such as a high-rise structure or components of a manufacturing line, require complete management and maintenance capabilities. Planning for new capital assets, risk management, and asset performance analysis are all significant EAM features.?
Enterprise Asset Management (EAM) is a set of software, systems, and services for managing and controlling operational assets and equipment. The goal is to improve asset quality and utilisation over time, increase productive uptime, and lower operating expenses.??
The goal is to improve asset quality and utilisation throughout their lives, increase productive uptime, and lower operating expenses.?
Enterprise asset management involves work management, asset maintenance, planning and scheduling, supply chain management, and Environmental, Health, and Safety (EHS) efforts.?
EAM can be used by multiple groups within an organisation, including executives, finance, legal, operations, and maintenance, to ensure that the value of a given asset is fully utilised until it is decommissioned. Organisations can also utilise EAM to automate activities within the system, such as work order approval, budgeting aid utilising maintenance history, and anticipating future repair requirements. The technology can also maximise the uptime of manufacturing assets such as production line equipment. There are also options for ensuring compliance and avoiding costly legal concerns, audit deficiencies, and fines.?
In the Internet of Things (IoT) era, with sensors and systems connecting everything from valves to vehicles, practitioners are implementing advanced analytics and Artificial Intelligence (AI) into EAM. AI approaches are used to analyse data collected from instrumented assets. The resulting insights assist maintenance teams in making better decisions, increasing productivity, performing preventative maintenance, and maximising physical asset investments.?
EAM is significant because it allows organisations to measure, analyse, manage, and optimise the quality and reliability of their assets. Hundreds, thousands, and even millions of assets are held by organisations of all sizes. They have a lot of assets.?
Railroads, pipelines, manufacturing equipment, transportation fleets, and windmills are examples of assets, as is nearly any piece of equipment required to sustain production, services, and operations.?
1. Centralise asset data?
A CMMS, as part of EAM, tells maintenance managers where an asset is, what it requires, who should work on it, and when. It automates important asset management operations and makes them accessible and auditable.?
2. Resolve difficulties before they occur
Asset management software facilitates preventive maintenance capabilities to keep equipment running smoothly and continuously. It aids in warranty compliance and prevents difficulties that hinder production.?
3. Smarter asset monitoring?
Ai-powered remote monitoring provides actionable insight into the existing and predicted statuses of assets. It integrates data across departments and information silos, resulting in fewer, more accurate warnings and better decision-making.?
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4. Increase asset utilisation.?
Data collected from IoT devices, as well as analytical and diagnostic tools, helps to increase the availability, dependability, and useable life of physical assets.?
5. Improve maintenance management?
IoT, artificial intelligence, and analytics improve equipment maintenance practices. Asset monitoring and traceability help companies meet increasingly complicated environmental, health, and safety regulations.?
6. Combine operational applications
EAM aids in the establishment of a unified technological framework for managing almost all assets kinds. Processes for a wide range of asset functions are harmonised and standardised across a company.?
Saas and EAM?
The cloud may be the future of EAM. Saas EAM, which is hosted in the cloud, provides the flexibility to expand and shrink in response to data demands. Users just pay for the data resources they require. Saas requires significantly less IT intervention and support than on-premises deployments. As a result, IT capital expenses can be turned into operating expenses and resources.?
Cloud service providers perform upgrades to ensure that the most recent versions and functionalities are constantly used. Saas also allows new technologies to be integrated more quickly and with less risk.?
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For information contact?
Email:? [email protected]?
Website:?https://ieng.tech/carl-cmms-eam/?