5 Benefits of a Enterprise Asset Management (EAM)
- By: Admin
- Aug 25, 2021
The advancement of the digital technology used in business operations has enabled industries to increase the efficiency and productivity of their activities. By keeping assets in optimal working order is key for any revenue-driven operation, particularly in those industries that rely on the output of their fixed assets. EAM is an effective manufacturing maintenance software tool that gives field technicians and maintenance managers greater control over the performance of their expensive and complex assets.
What is EAM (Enterprise Asset Management) software?
Enterprise asset management (EAM) is a combination of systems, software. It is also a proven and effective process that can help manage and optimize all the critical assets and equipment of the company. It is also can be used to schedule preventive maintenance. Enterprise Asset Management (EAM) software is slightly different from computerized maintenance management systems (CMMS), and companies often use them to track a large number of assets.
EAM can benefit you in a few ways:
1. Track real-time asset performance
You can maintain accurate inventory and assets when performing regular checks of key stock levels. Each of the assets or machinery will have unique barcode labels and enter the barcode into the EAM database. Therefore, it is possible to track and verify units of assets or machinery at real-time asset performance.
2. Increase operational efficiency
By using EAM software, you can schedule work orders, manage maintenance activities, and allocate resources that can be done from the EAM dashboard. This may not only save time for your staff, but it can also greatly reduce the time between work orders and eliminate delays across departments.
3. Schedule and plan maintenance proactively
This is one of the most important benefits through which you can schedule maintenance. If there is an unexpected breakdown that can lead to a very serious case for your company, EAM system can assist you to avoid it.
4. Enhanced decision making
EAM can help you to make an effective decision when you have all the crucial information on your fingers. For example, one of the machinery is not working properly and taking frequent maintenance that is required, you can make a better decision through EAM whether it needs to be changed or not.
5. Eliminate paperwork and human error
Since everything is managed cloud-based, there would be less paperwork which will lead to fewer human mistakes. The digital documents can be searched and stored easily on cloud. It will be faster to get when every document is online so there is no chance for deletion too.
EAM brings lots of benefits for your company, it can ease up the work and task for you and your workers. EAM can also provide support for more detailed tasks such as maintenance scheduling and warranty management. It also can help to standardise activity and make better connections between the organisational strategy.
At Keyway Technologies, instead of pushing you a product you cannot fully utilize, we believe in prioritizing your needs. Let us know the challenges you face in managing assets or scheduling maintenance work orders, we’ll see how we can help you.