What is EAM (Enterprise Asset Management)?

It’s a bird, it’s a plane…it’s an EAM!

It seems to be a grey area for the maintenance management sector, what is the software we’re using to manage asset and maintenance operations? What are we working with and what are the differences between its specific components. Is it an EAM, a CMMS, a GIS, a ….. and the list goes on.

We’ve stripped it back to the basics to define some key industry terms that will help you in your quest to find the right asset and maintenance management software solutions for your business or organisation.

What is Enterprise Asset Management (EAM)?

EAM refers to the complete lifecycle management of the physical assets of an organisation or business to maximize value. It includes; design, construction, commissioning, operations, maintenance and decommissioning/replacement of plant, equipment, facilities, utilities and transport.

What is a Computerised Maintenance Management System (CMMS)?

A CMMS allows maintenance managers to streamline their asset and maintenance management operations. This cloud based software solution is a user-focused and simple to use set of integrated tools built specifically for maintenance management.

  • Better manage your assets
  • Reducing operational risk
  • Reducing costly down-time
  • Decreasing inventory and maintenance costs
  • Improving labour productivity
  • Automating workflow
  • Collecting real-time data
  • Gaining immediate visibility into operational metrics

What is a Geographic Information System?

A geographic information system (GIS) is an organisation of computer software, hardware, project data and personnel designed to efficiently capture, store, update, manipulate and analyse all forms of project information displaying data related to positions on Earth’s surface. GIS can show many different kinds of data on one map. This enables people to more easily see, analyze, and understand patterns and relationships.

What is Strategic Asset Management?

SAM software is proprietary to Assetic and has been developed to record, track and predict the future condition of the globe’s billions of dollars of infrastructure assets (roads, sewers, housing, pumps, water pipes, electricity poles, parks, transport, etc). Strategic Asset Management (SAM) is the intelligent use of discretionary monies to get significantly better outcomes with the same level of funding.

If you’re interested in finding out more about Enterprise Asset Management and how MC Global’s set of integrated tools can help you, we’d love to give you access to a free trial of our products and services.