Enterprise asset management (EAM) systems are needed because they help assess, track, manage, and optimise an asset’s quality, purpose, and reliability. It is crucial to have the best EAM system to make the most of physical assets throughout their life cycles. Asset-intensive organisations can also go for maximo mobile for eam by eSolutions or any other reputed software. 

An enterprise asset management system combines systems, software, and services to control, maintain, and optimize the quality of assets that are operational throughout their life cycles. EAM software helps manage physical assets such as:

1. Industrial ovens and conveyor systems, which are manufacturing assets

2. Cars and trucks also known as fleet assets

3. Elevators and security systems and other facility assets

4. Construction assets like cranes and specific tools

There are many mobile-based EAM platforms available for firms like Maximo by eSolutions that provide advanced analytics tools and IoT data to extend asset life cycles, improve operational availability, and optimize performance. The benefits of using such enterprise asset management platforms include: 

1. Focussed Execution & Role-Based Dashboards

Focussed execution aims to concentrate teams on fixed tasks while role-based dashboards help them to automate approvals and reduce repetitive tasks.

2. Reduced Downtime 

EAM aids in optimising and automating asset management. As a result, overall operational performance improves and downtime is reduced significantly. 

3. Unified Asset Management Processes 

The collaboration between different asset management processes helps to customise work plans and workspaces among other things to guide teams during critical tasks.

Additional Advantages of Enterprise Asset Management

Besides improving asset life cycles, internal processes, and downtime, mentioned below are some advantages that companies can enjoy with EAM. 

1. Minimal Maintenance Costs 

EAM systems have a predictive maintenance feature that involves relying on real-time data analysis and IoT sensors, which assists companies in being aware of machine failures ahead of time. Predictive maintenance is specific to equipment analytics in which historical data is recorded to determine the time of breakdown of a piece of equipment. Considering the implications of an equipment breakdown, it is imperative to have a proactive approach in maintenance management to predict failures before they occur. 

2. Scheduled & Planned Maintenance 

EAM systems help schedule and plan maintenance proactively and effectively. Since asset utilisation gets more visibility, organisations can stay one step ahead and repair or replace these assets as and when required. EAM is beneficial for business as there can be no disruptions if everything is scheduled and planned accordingly.

3. Offers Overall Equipment Effectiveness

EAM helps in the overall equipment effectiveness (OEE) of assets. It means that these computerised maintenance management systems enable you to store and track information on asset vendors. This includes the ability to track payments, which gives them an understanding of the money they are spending externally. Moreover, you can figure out through the historical data of assets whether their quality is satisfactory or not. EAM will keep recording the continual malfunctioning of the assets and keep a check. This will help you decide whether you should buy physical/virtual assets from the same vendors or not. 

EAM helps a company to run successfully since it promises quality and leads to customer satisfaction. It maximises the performance of every asset and leads to more profits for a company that uses it.