CMMS Insight Blog

The Importance of an Enterprise Asset Management (EAM) System

Sep 16, 2019 12:19:40 PM / by CMMS Insight Staff

Tracking assets is a challenge for any business. Figuring out how to use those assets in the most effective way is another challenge entirely. But bringing it all together? Well, you’re going to need the right tools if you want to stay ahead.

Enterprise asset management (EAM) systems are designed for managers who need effective solutions for large asset fleets and the teams needed to maintain those assets and deliver high-quality service to customers.

Here’s why an EAM system is so important for your business at all levels of asset management.

Enterprise Asset Management: A Responsible Asset Life Cycle

When you’re using an EAM software properly, it’s not just about asset management on a day-to-day level.

It’s about improving the entire life cycle of your assets.

A system like this gives you the tools to see the big picture – to see the cost of constructing or purchasing an asset, the environmental impact of the asset, and the use you’ll get out of that asset during its lifetime.

That way, you can make smarter decisions throughout the entire life cycle. You can conserve resources and cut costs while making more responsible decisions about the impact of your assets.

Improving Operational Efficiency

Your assets are crucial to the success of your company. Without them, your company wouldn’t be able to do your job and provide services to your clients.

But in order to provide the best possible service to your clients, you have to be able to streamline your processes and make the best possible use of your available assets.

An EAM system (and CMMS software) enables you to take charge of your assets and use them to your best advantage. Picture what you could do if you could monitor every detail of your company’s physical assets all in one place.

That’s what you can do with an EAM system.

And since you can always see the details of your assets, it’s much easier to take a bird’s eye view of your company’s performance and find ways to be even stronger. You can allocate assets more effectively, maintain them regularly, and stay on top of performance.

Ensuring Compliance

As an employer, you have several responsibilities with regards to your employees and customers.

You owe it to your employees, morally and legally, to provide a safe working environment. You owe it to your customers to provide the most effective services for their money while maintaining compliance with regulatory standards. The trouble is, regulations are changing all the time.

Here, again, an EAM system can make all the difference. It allows you to stay on top of your regulatory responsibilities, ensuring that you know exactly what has to happen to maintain compliance and how to fix it if you spot a problem.

You can maintain a regular audit schedule, track routine maintenance of your assets, and check up on performance standards for individual tasks.

Better still, you can do all of it in one place, with one system that allows you to stay agile in your management.

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Topics: CMMS, Asset Management

Written by CMMS Insight Staff