The Business Case for Enterprise Asset Management
Enterprise Asset Management (EAM) is a system that encompasses managing the entire lifecycle of an asset, including maintenance, performance monitoring, and financial aspects, with the goal of optimizing asset utilization and minimizing operational costs.
First get smart, then get quick
In an EAM strategy, you first gather data, model it, and find patterns, so you can become preventive, proactive, and predictive instead of reactive. That’s the “smart” part. Once you have the right information, you can do “quick” EAM – apply different resources to tasks to be more efficient with maintenance and repair throughout the asset lifecycle.
Inside this eBook, you’ll find:
- Measurables outcomes to expect when implementing an EAM initiative
- EAM success stories from your peers
- Benchmarks for a world-class EAM program
- Approaches to measure the ROI of your EAM program/software, including your break-even point
- Guidance on how to get from your current state to a desired future state
- Strategies for calculating your savings, including lower costs of labor, materials, inventory, spares, and more.