Enterprise Asset Management Incorporates The Management And Maintenance Of Physical Assets Owned By A Company Throughout The Entire Lifecycle Of An Asset

 

                                                                                 Enterprise Asset Management

Enterprise asset management (EAM) is the management of an enterprise's physical assets throughout their lifecycle in order to increase their utilisation, improve quality and efficiency, save money, and safeguard health and the environment. EAM is commonly used in businesses that rely on complex and expensive assets such as plants, cars, heavy equipment, and so on. Energy, law, oil and gas, mining, utility, shipbuilding, defense, and aerospace are some of the major businesses that use EAM. A customised programme that manages every facet of running a public works or asset-intensive organisation is frequently employed. Enterprise Asset Management (EAM) is the administration of an organization's physical assets throughout their existence. EAM is used to plan, optimise, execute, and track maintenance tasks, as well as the associated priorities, skills, materials, tools, and information. This includes plant, equipment, and facility design, construction, commissioning, operations, maintenance, and decommissioning or replacement. The term "Enterprise" refers to the span of an Enterprise's assets across departments, locations, facilities, and perhaps supporting business processes. Modern businesses currently manage a variety of assets. Fixed assets such as buildings, plants, and machinery, as well as moving assets such as vehicles, ships, and moving equipment, are examples of assets. The lifecycle management of high-value physical assets necessitates regressive work planning and execution.

Enterprise Asset Management is a piece of computer software that manages all aspects of running a public works or asset-intensive firm. Asset life-cycle management, preventative maintenance scheduling, warranty management, integrated mobile wireless handheld alternatives, and a portal-based software interface are all elements of Enterprise Asset Management (EAM) software systems. The rapid development and availability of mobile devices has an impact on EAM software, which now frequently offers mobile corporate asset management.

Organizations in asset-intensive industries employ EAM software systems to solve physical asset support requirements (industrial infrastructure, plant, and equipment). EAM is essentially a transactional workflow system designed to manage capital asset maintenance through the management of asset data and labor activities. Asset maintenance history data and a linear, or hierarchical, asset registry are included. The programme can perform planned maintenance chores based on previous data or OEM vendor recommendations. "Computerized maintenance management system" is another term for EAM (CMMS). These systems are often small-scale, single-site solutions with limited capability for parts management and resource scheduling. However, no clear definition is maintained, and nomenclature and definitions differ from vendor to vendor.


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