Our resource library is available for free to professionlas and students. You’ll see it most often in asset-intensive industries like utilities, manufacturing, energy, and construction.
It is a set of processes and tools that allow companies to track and manage their physical assets (machines, equipment, buildings, and vehicles) throughout their lifecycle – from procurement to disposal.Īt its core, EAM is used to plan, optimize, execute, and track all maintenance activities with the associated priorities, skills, materials, tools, cost, and other information. What is EAM?ĮAM stands for Enterprise Asset Management. We’ll look at best practices for implementation and ways to keep everything humming along.
The purpose of this guide is to help you understand what enterprise asset management and EAM software are and how to use them to your advantage. If a large chunk of your company’s money has gone into property and equipment, you better have a great way of keeping it all in good shape.Įnter: Enterprise Asset Management (EAM).
What is EAM? Your Complete Guide to Enterprise Asset Management