Learn how to implement EAM for corporate asset management and improve your company’s efficiency. Read the full text!

Enterprise Asset Management (EAM) is a system that assists companies in managing assets, from acquisition to maintenance and disposal. It is an effective tool for ensuring the efficiency and productivity of business processes.

In this text, we will address how to implement EAM in corporate asset management, its main characteristics, and benefits.

What is EAM?

EAM (Enterprise Asset Management) is a software platform that aims to manage corporate assets, both physical and virtual.

It integrates all areas of the company, from acquisition and installation to the end of the asset life cycle, including maintenance, repairs, and disposal. It offers a complete view of assets, with maintenance history, location, and usage.

This strategic approach promotes a series of practices and technologies for collecting and analyzing data on asset performance. It also involves the implementation of business processes to ensure that assets are maintained and used efficiently and effectively.

How to implement EAM?

By definition, it is clear that EAM is a fundamental practice for any company that wants to keep its operations active, productive, and competitive. But where to start?

First, it is worth noting that EAM implementation requires a cultural change in the company since it involves all departments and areas. It is important to identify your needs and goals before implementing the system so that EAM can be customized to meet your specific needs.

Also, select an experienced and dedicated implementation team that can ensure that the system is successfully implemented within the deadline.

What does the company gain from EAM?

EAM offers several benefits to companies, including:

  • Greater operational efficiency: With EAM, companies can monitor and manage their assets more efficiently, reducing downtime and increasing productivity.
  • Cost reduction: Problems can be identified before they occur, reducing maintenance and repair costs.
  • Extension of asset life cycle: by receiving regular preventive maintenance, teams ensure that equipment durability is much longer.
  • Improved decision-making: With EAM, companies can make more informed and data-driven decisions, with accurate information on their asset performance.
  • Regulatory compliance: complying with government and environmental regulations becomes easier with EAM. It ensures that assets will be maintained properly and according to standards.

Investing in EAM is a valuable strategy for companies seeking to improve efficiency and effectiveness in managing their corporate assets. With advanced asset management, maintenance, purchasing, and inventory resources, the system can help reduce costs, increase asset life, and improve decision-making regarding asset management.

Do you want to start increasing asset management efficiency in your company now? Try Manusis4! Request a demo now and find out how it works in practice!