What is Enterprise Asset Management Software?
Enterprise asset management (EAM) software is a solution designed to manage a manufacturer’s physical assets throughout the asset lifecycle. EAM software supports manufacturing companies as they maximize asset utilization to reduce operational costs and production downtime. By monitoring asset health, manufacturers can ensure that all equipment is operational and maintenance can be scheduled outside of production hours.
EAM systems also expand maintenance management capabilities by offering maintenance scheduling functions, asset lifecycle management, and inventory management. When maintenance teams know what’s wrong with the asset beforehand, they can ensure they have all the tools and parts needed to complete the job. Inventory management tools allow maintenance personnel to verify they have the necessary tools to complete the job before wasting valuable time on maintenance activities.
Why is EAM Important for Large Enterprises?
Large enterprises with multiple manufacturing facilities benefit from using EAM software as it allows them to monitor assets across facilities without visiting them in person. Asset management systems allow companies to monitor asset quality, be notified when the asset isn’t functioning properly, and promptly schedule maintenance. Being able to manage assets across all facilities through a centralized software solution can save companies time and money.
How Does EAM Foster Effective Work Management?
Through an EAM software solution, maintenance management processes are streamlined, and maintenance teams can access all the necessary information in a single solution. When an asset can be worked on before it has a chance to break down, maintenance personnel can ensure they have all the necessary tools and parts beforehand. This improved maintenance strategy reduces maintenance costs and time, improving overall maintenance performance.
EAM software also improves preventive and predictive maintenance processes by monitoring maintenance data and sending notifications when maintenance should be performed. Manufacturers can reduce reactive maintenance efforts while maximizing asset life by performing maintenance before the asset is down.
How Can Enterprise Asset Management Software Enhance Asset Performance?
EAM software can optimize asset performance by monitoring asset health, asset lifecycle, and asset performance management. Before EAM software, monitoring all of these factors for physical assets was difficult. However, manufacturers can now easily manage physical assets with dashboards, notifications, and reporting capabilities.
How Does Predictive Maintenance Contribute to Improving Asset Performance?
A computerized maintenance management system supports predictive maintenance efforts by looking at historical asset data to identify when an asset will likely break down. This allows companies to schedule maintenance ahead of time to fix the asset before it can have a chance to break down and interrupt production. When maintenance managers can predict asset failures, they can manage maintenance schedules with more accuracy and avoid being short-staffed.
How Can Enterprise Asset Management Software Reduce Unplanned Downtimes?
Unplanned downtimes disrupt manufacturing operations by throwing off production and maintenance schedules. When assets unexpectedly break down, maintenance teams will switch focus to repair the asset, which impacts maintenance operations. Unplanned downtimes can also be extended if the necessary parts or tools are not readily available, causing the manufacturing company to put in a rush order.
When assets are properly maintained through predictive and preventive maintenance schedules, assets are able to perform without unexpected interruptions, improving operational efficiency. EAM systems help optimize maintenance management and ensure all assets are in good health.
How Does the EAM System Streamline Work Order Management for Manufacturing Teams?
An enterprise asset management system can help streamline work order management with clear workflows and necessary information in a centralized location. Maintenance teams can easily complete work orders without having to go between paper forms and multiple software solutions.
How Can Mobile EAM Aid in More Efficient Work Order Management?
Having a mobile enterprise asset management solution can make the work order process more efficient by allowing teams to access the information on the go. Carrying a laptop around a manufacturing facility to identify the manufacturing equipment and work order details is unrealistic for most companies. By offering a mobile EAM solution, maintenance teams can access all the necessary information through a mobile device.
Large manufacturing facilities can also benefit from a mobile solution with asset-tracking capabilities. Using the Internet of Things (IoT) technology, users can find the physical assets on an interactive map to navigate the facility. This reduces maintenance time and ensures the right asset is worked on.
How Does the EAM System Simplify Maintenance Schedules?
When managing a large number of assets, managing a maintenance schedule can be difficult. With EAM tools, teams can share maintenance schedules to ensure everyone is on the same page. Predictive and preventive maintenance can be easily scheduled outside of production operations, verifying there are no interruptions to production schedules. If an asset unexpectedly breaks down, maintenance managers can easily update the schedules and send a notification so all maintenance personnel are altered to the updates.
Why is Enterprise Asset Management Crucial for a Successful Manufacturing Process?
There are software solutions out there to help manage every aspect of the manufacturing process, from supply chain management to enterprise resource planning. What makes enterprise asset management important to the manufacturing process is its ability to keep assets functioning and production on schedule.
How Does EAM Software Contribute to Effective Supply Chain Management?
EAM systems can also keep track of supply chain management assets, helping companies manage their supply chain efficiently. While there are software solutions out there to specifically manage supply chain operations, companies can keep track of their supply chain assets through an EAM solution.
Working in asset-intensive industries can make it difficult to keep track of assets throughout the entire manufacturing process. With analytical tools and reporting capabilities, companies can update business processes and optimize asset quality based on historical and current asset data.
How Does the EAM Tool Help Manage Spare Parts in a Manufacturing Plant?
With asset inventory management functionalities, manufacturers can easily keep track of spare parts. Being able to manage inventory within the EAM solution is essential for maintenance operations. When employees can identify if the necessary parts are in stock, they are able to spend their time effectively and alert management when more parts need to be ordered.
Work With Geneca Today
Enterprise asset management software can transform your manufacturing company by reducing operating costs and increasing business value. If you’re ready to take control of your asset management, contact Geneca today! We have a team of experts ready to work together to reach your business goals.