Enterprise Asset Management (EAM) Evaluation Center

What Is Enterprise Asset Management?

Enterprise asset management (EAM) and computerized maintenance management systems (CMMS) enable the planning, controlling, and monitoring of physical asset events and maintenance tasks as they pertain to plants, equipment, and facilities. EAM/CMMS systems span all phases of the asset life cycle across all services, including investment planning, specification, design, operations and maintenance, and disposal. EAM/CMMS systems help managers better allocate equipment and resources, and ensure that proper and timely maintenance is carried out.

Enterprise Asset Management Business Drivers and Benefits

• Optimize equipment use with real-time tracking tools.
• Maximize availability of plants, equipment, and other facilities.
• Centralize accurate maintenance records and documentation.
• Define and enforce organizational quality and safety standards.
• Organize the process of asset decommission and disposal at end of life cycle.
• Improve management of inventory, parts, and services with maintenance, repair, and operations (MRO) functionality.

Enterprise Asset Management Risks

• The inability to conduct EAM what-if analyses can hinder your capacity to forecast and make appropriate decisions about future events that could negatively impact the organization.
• If you’re not using an EAM/CMMS system to document transactions related to fixed asset procurement, use, and disposal, you may unintentionally neglect regulatory compliance.
• Without an EAM/CMMS system to help manage human resources (HR) tasks, inappropriate hiring of contractors may result in poorly repaired or badly maintained assets.
• Asset tracking information may not be accurate if radio frequency identification (RFID) functionality is not implemented as part of EAM/CMMS.

Why Use the Enterprise Asset Management (EAM/CMMS) System Evaluation Center?

• Evaluate the full spectrum of EAM/CMMS functionality, including vehicle maintenance, preventative maintenance, purchasing management, equipment history tracking, and risk management.
• Compare systems that provide a range of back-office functionalities, including HR and financial management.
• Shortlist vendors by analyzing products that provide EAM/CMMS solutions for the computing platforms and architecture currently existing in your organization.
• Find out which solutions provide the best features for planning, scheduling, and billing contract labor.
• Find out which vendors offer the regulatory compliance features that specifically cater to your industry’s requirements.
• Drill down for information about software applications that offer e-procurement functionalities and online tracking and reporting features.

Most Requested Research Related to Enterprise Asset Management (EAM)

• EAM Versus CMMS: What's Right for Your Company?
   
• How to Avoid Becoming Another CMMS Implementation Failure Statistic
   
• How to Negotiate Successful Contracts with CMMS Vendors
   
• Did You Know...Continuous Improvement Offers CMMS Maintenance Benefits
   
• How do I Plan Ahead to Maximize CMMS
   
• EAM/CMMS Research Article Archive
   

Vendor White Papers Related to Enterprise Asset Management (EAM)
(on whitepapers.technologyevaluation.com)

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