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What is Enterprise Asset Management (EAM)?
Enterprise Asset Management or EAM is a combination of tools, sensors, software, and services teams use to maintain assets, control the cost of repairs, and optimize machine performance. The objective of EAM is to ensure machine performance and longevity meets operational standards.
Why is Enterprise Asset Management important?
EAM strategizing allows organizations to ensure reliability by tracking machine health, performance, and efficiency across its lifespan. EAM strategies and best practices allow maintenance and reliability teams to control their complex environments.
What are the top five benefits of an EAM?
1. Digitization of machine performance – By combining your EAM strategy with a CMMS, you can centralize information and monitor machines through a single screen. The best solutions offer condition monitoring, automation of work orders, and mobile-friendly software to keep your workers on the go.
2. Maximize machine life – When combined with IIoT-enhanced EAM software, historical and real-time asset data can be used in decision making. Not only does this improve efficiency, but it allows teams to include aging machines in IIoT programs.
3. Align maintenance and operations – Maintenance teams use data to determine when actions are performed, while operations and reliability engineers can gain meaningful insights from metrics. A properly set-up EAM strategy considers other departmental needs that support MRO and business goals.
4. Predictive Maintenance and IIoT – An EAM strategy is in line with the expansion of IIoT technologies. More teams see the value in connected condition monitoring technologies to gain real-time insights.
5. Maintenance as a business value driver – Leveraging an EAM strategy in your operations will ensure that you’re ready for anything that comes your way. When maintenance is planned and controlled, operations run more smoothly and efficiently.
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Key moments in the video:
0:00 Intro - What is EAM?
0:11 EAM definition
0:52 Strategies included within EAM
1:35 Top 5 benefits of EAM
2:13 Key features of succesful EAM
2:53 eMaint 35th anniversary
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