23 May 2021
Implementing EAM Asset Management Software: All You Need To Know
Enterprise Asset Management (EAM) refers to a suite of tools, practices and software that are used to maintain and control operational assets and equipment, usually in an asset-intensive organisation. It basically allows the organisations to execute effective management over its assets and facilities, leading to higher profits.
Usually, compared to a CMMS (computerized maintenance management system), a robust EAM system offers a wider range of features and functionalities.
How EAM works?
An EAM Asset management Software aims at optimizing the quality and utilisation of assets throughout their lifecycle, from acquisition to maintenance to disposal, leading to increased productivity and further reduction in operational costs. This also means, thanks to efficient utilisation of assets, that idle assets can be identified and put to work, improving uptime and ultimately increasing revenue and ROI.
Any Enterprise Asset Management system involves work management, asset maintenance, planning and scheduling as well as supply chain management with environmental, health and safety initiatives.
Advantages of EAM
⦁ Streamline inventory management
⦁ Maximize asset lifetime and extend asset lifecycle
⦁ Minimize Downtime, significantly enhanced Organisation Uptime
⦁ Centralise Asset data and work on it from anywhere using SaaS capabilities
⦁ Modernise maintenance operations with the power of AI
⦁ Resolve Issues
⦁ Improve maintenance management
As listed above, the benefits and advantages of implementing an EAM Asset Management Software outweigh its investment. However, it is important to note that its effective implementation plays a vital role in the system’s successful operation.
⦁ It is crucial that your business requirements and expectations from an EAM Enterprise Asset Management software are clearly defined. This will help you select the best system that suits your needs and will serve as a starting point on the path to management.
⦁ Carefully compare and analyse all the alternatives that fit within your required set of needs. Since these Enterprise Asset Management Systems offer specialist and professional services, it is worthwhile to spend extra time and effort to choose the one that best suits your organisation.
⦁ Now lest say that you have invested in and purchased a suitable EAM software for your organisation. For it to work efficiently and provide desired results, you need to carefully cumulate and prepare the data that is used by the software. This data needs to be accurate, well organised and accessible, apart from being sourced from trusted resources and needs to be prepared in advance.
⦁ Testing the software before it gets accessible company-wide gives you the chance to check for any glitches and problems that might hamper your business capabilities.
⦁ Your organisation’s staff will also be required to train to use and work with the EAM Asset Management Software and its systems in a productive and efficient manner. If you wish to utilise the system in its full capacity and extract useful deliverables, staff training and education plays an important role in the working of any EAM or Enterprise Asset Management System.
At the end of the day, the key lies in correct implementation that helps solve challenges you originally bought this solution before.