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Enterprise Asset Management System (EAMS)

What is Enterprise Asset Management System (EAMS)?

Enterprise asset management (EAM) is the process of managing the lifecycle of physical assets to maximize their use; save money; improve quality and efficiency; and safeguard health, safety and the environment.

Selecting the EAM tools and software that best allow you to meet your company’s goals is a must:

  • Asset lifecycle: An effective EAM solution will provide the visibility that you need to track the lifecycle of your assets throughout your organization. Your system should facilitate real-time monitoring of assets among those who are responsible for supervising them.
  • Compatibility: The EAM system that you select must be compatible with the technology and software that you use at your enterprise. Between the software format and language, you’ll need to take several factors into consideration when determining how well EAM will integrate with your existing system.
  • Predictive Maintenance (PdM): Your EAM software should monitor your assets on something called a “degradation curve,” which will alert you when you need to perform maintenance. You should ensure that your software is capable of running these analytics so that you can prevent asset failure down the line.
  • Cost: If your enterprise has a specific budget for EAM, then you will need to choose a system that accommodates these monetary needs. When comparing solutions, it’s important to beware of hidden fees that could affect your monetary goals for EAM.

What are Paperless Processes? 

Paperless Processes consists on the integration of several systems and applications that will reduce hugely the amount of paper. 

Independently of the type of business, the need to digitalize business processes is a must to remain competitive. 

The total elimination of paper may not be feasible for every business, but even tough even a small reduction may yield cost savings and increased efficiency. There are always advantages to reducing paper usage.  

With digital document management, your business will become more productive since you'll manage and find important information faster. Also, paperless processes often can integrate with your enterprise resource planning (ERP), EAMS/CMMS and so many other software’s that you may use to support overall usability.  

 

Data Driven Decision-Making needs data quality 

The success of the data-driven approach is reliant upon the quality of the data gathered and the effectiveness of its analysis and interpretation.  

Data-driven decision making (DDDM) is an approach to business governance that values decisions that can be backed up with verifiable data rather than making decisions that are intuitive or based on observation alone, supporting competitive advantage. 

Business intelligence tools are a strong resource to analyze the data and allow easy dashboards customization to display the important information in real time. The changes in how data can be mined and visualized allows business executives who have no technology backgrounds to be able to work with analytics tools and make data-driven decisions. 

The BI tools linked to EAMS/CMMS will allow your company not only to have on real time your dashboards, but also improve Planning and Scheduling as well as spare parts management. 

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