دليل المشترين

Table of Contents

• What is Enterprise Asset Management (EAM) Software?
• Benefits of EAM Software
• Typical features of EAM Software
• Cost of EAM Software
• Considerations when purchasing EAM Software

What is Enterprise Asset Management (EAM) Software?

Enterprise Asset Management (EAM) Software allows businesses to acquire, manage, and maintain company-owned assets and equipment, such as machines, properties, and vehicles. It also monitors asset performance across multiple departments and locations and associated costs and helps optimize asset utilization.

EAM solutions are widely used across asset-intensive industries, such as energy, construction, and utilities. The software allows plant or facilities management teams to create work orders, monitor equipment components and spare parts, and track maintenance history. It helps them improve asset operations and make better decisions with respect to asset maintenance and investment.

Benefits of EAM Software

EAM tools provide businesses with vast amounts of data concerning asset usage, maintenance, and asset performance. Here are some of the primary benefits of using an EAM solution:

• Consolidates asset information in a single place: With spreadsheets and documents scattered across your operations, it is almost impossible to track data as and when required. Enterprise asset management software compiles all asset-related information, including the location, condition, criticality, and maintenance requirements, all in one place and allows asset managers to access the data. This is especially helpful to avoid hefty fines during audit times when you need to find specific reports.
• Automates repetitive tasks: An EAM solution automates repetitive manual tasks associated with asset management, such as restocking inventory, ordering asset parts, preventive maintenance scheduling, and entering data into enterprise resource planning (ERP) systems.
• Monitors assets in real time: EAM software solutions allow users to monitor assets during their entire lifecycle, including planning, procurement, development, operation, and maintenance processes. The software offers a real-time perspective of all asset changes, their location, and availability, which allows asset managers to schedule work assignments. It also helps them identify ghost assets that cannot be accounted for since they are either missing or have been rendered obsolete.
• Helps schedule and plan asset maintenance: EAM systems provide visibility into asset utilization, including uptime and unexpected breakdowns. The data provided by these tools allows asset managers to make informed decisions regarding the replacement or maintenance of these assets without disrupting the normal workflow of the business.

Typical features of EAM Software

• Asset lifecycle management: Manages the quality and usage of assets throughout their lifecycle, which includes planning, acquisition, deployment, operation, maintenance, and disposal stages.
• Asset planning: Helps in planning the purchase, maintenance, distribution, and disposal of organizational assets based on business requirements.
• Compliance management: Ensures adherence to laws, regulations, and guidelines related to the industry and ensures compliance with internal policies.
• Cost tracking: Tracks costs associated with every aspect of asset management, such as asset parts, material, downtime, and labor costs.
• Maintenance management: Builds an effective maintenance schedule to minimize emergency repairs, increase asset uptime, and reduce the downtime of important equipment and machinery.
• Preventive maintenance: Automates maintenance activities and runs periodic inspections to keep operations stable and prevent machine or equipment failures.
• Predictive maintenance: Uses real-time and historical data to anticipate asset failure and schedule maintenance accordingly.

Cost of EAM software

Most products in the market are priced on a per-user, per-month basis and can be divided into three pricing tiers based on their starting price.

Price ranges: *

• $8–$15
• $16–$63
• $63+

*The pricing included is for the entry-level/lowest-priced offering found on vendor websites on September 14, 2022. These ranges correspond to the 25th, 75th, and 100th percentiles of pricing information gathered from vendor websites of sample products.

The above list summarizes pricing for the base plans of most products. An enterprise or premium product that is priced higher may include additional features such as audit management, budgeting, issue management, and policy management.

Considerations when purchasing EAM software

It is important to factor in some important considerations when shopping for the best EAM software. As a small business owner, here is what you can look for.

• Mobile applications: Since the majority of maintenance workers spend their time working on the machinery and not in front of a computer, it is best to invest in an EAM tool that offers a mobile application for daily tasks and work order management. The mobile solution can be of great help to field service workers. Before you shortlist EAM products, make sure they have a mobile solution that can generate work orders, manage inventory, record data, and scan barcodes in the field.
• Advanced reporting and analytics: An efficient EAM tool is able to generate different types of basic and advanced reports, such as maintenance, depreciation, asset tracking, inventory, and quality-control reports. Before investing in an enterprise asset management solution, make sure that it can produce real-time reports to provide you with a bird’s-eye view of all the physical assets and insights that might be necessary to drive efficiency in operations.
• Future expansion capabilities: As a small business owner, you should always select an enterprise asset management solution that can support your expansion plans. Before you finalize the best EAM software for your business, consider the way your organization is likely to grow and your future requirements in terms of asset management. Select a tool that is able to scale with your operations, incorporate new elements, and add new integrations over time. The software should preferably be able to accommodate multiple sites, warehouses, facilities, and users as per growing business requirements.