Enterprise Asset Management, EAM Software

Asset management final

EAM software helps organizations effectively manage and maintain their physical assets, like buildings, infrastructure, vehicles, and equipment. It aims to optimize the safety, reliability, and performance of assets while also increasing efficiency and reducing costs.

Why Choose Our EAM System?

By using our EAM software, you’ll be able to:

  • Predict and schedule maintenance ahead to ensure equipment are well maintained through inbuilt analytics to increase efficiency in operations
  • Plan, schedule, and maintain assets in a structured way to promote productivity and maximize their usage.
  • Better control the operations by centralizing asset information to allow faster response based on real-time data

What Is the Relationship Between EAM, Asset Management Software and Asset Management System?

EAM is closely related to asset management software, where it is a specific software application used to support the overall process and system of managing assets.

In fact, EAM software is a type of asset management software that is particularly focused on managing and maintaining physical assets. On the other hand, an asset management system can encompass various types of assets, including financial, intellectual, and human assets.

The EAM software typically includes features such as inventory management, preventive maintenance scheduling, work order management, analytics, and reporting. It can integrate with other systems to provide a comprehensive view of an organization’s assets and their performance.

The main difference between them is that the asset management system is an overarching approach that encompasses all aspects of managing an organization’s assets, from acquisition to deployment, maintenance, and disposal. It includes guidelines, procedures, and policies to manage and track the organization’s assets. It is a comprehensive program that covers all types of assets, including intellectual, physical, and financial.

On the other hand, asset management software is a specific tool that supports the organization’s asset management system by assisting with the management, tracking, and reporting of the organization’s assets. It typically includes features such as work order management, preventive maintenance scheduling, inventory management, and analytics and reporting.

In fact, EAM incorporates software, systems, and services to optimize the quality and performance of operational assets. In the current era of the Internet of Things (IoT), it is not surprising that many organizations, including ours, are integrating artificial intelligence (AI) and advanced analytics to analyze data and provide more useful insights for business decisions.

What is the difference between EAM and CMMS?

People often relate EAM with CMMS softwares, but they are quite different, even though CMMS can be a component of an EAM. The most obvious similarity between them is that both automate work orders, inventory management, and maintenance activities to facilitate organizations’ transition from reactive to preventive maintenance strategies.

The goal of a CMMS is to centralize information so that maintenance management processes can be automated and facilitated. On the contrary, EAM oversees asset lifecycle management, where the asset’s performance is monitored from acquisition to disposal.

In short, CMMS focuses on maintenance with limited multisite support, while EAM covers an array of business functions across many businesses and sites. A more comprehensive tool with more features than CMMS, EAM is more widely used as a trusted ecosystem. 

What is the difference between ERP and EAM?

EAM is also often associated with ERP systems. EAM is focused on managing the maintenance and lifecycle of assets, while ERP is a broader system that includes a range of features, such as financial planning and asset management.

While some ERP systems have an asset management module, EAM is more specialized and detailed in this area. ERP can perform some EAM functions, but EAM is specifically for managing and maintaining assets and does not offer additional functionality beyond that.

Thus, even though their terms are relatively similar, both are different systems that serve their own specified functions.

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