Enterprise asset management (EAM)means the complete life cycle of optimal management of the physical assets of an organization to maximum value. It covers such as design, construction, commissioning, operations, maintenance and decommissioning/replacement of plant, equipment and facilities. "Enterprise" refers to the management of the assets across departments, locations, facilities and, in some cases, business units. By managing assets across by this enterprise asset management, organizations can improve utilization and performance, reduce capital cost, reduce asset-related operating cost, extend asset life and subsequently improve return on assets The functions of asset management are taking a fundamental life planning, life cycle costing, planned and proactive maintenance and other industry best practices. Some companies still regard physical asset management as just a more business-focused term for maintenance management - until they begin to realize the organization-wide impact and interdependency's with operations, design, asset performance, personnel productivity and life cycle costs. This topic focus the progression from maintenance management to Enterprise Asset Management By providing a platform for connecting people, processes, assets, industry-based knowledge and decision support capabilities based on quality information,EAM provides a holistic view of an organization's asset base, enabling managers to control and optimize their operations for quality and efficiency. This EAM works by computerised maintenance management system A CMMS software package is computer maintenance management system contains information about an organization’s maintenance operations.
Good article about asset management, one of most usefull cmms that I know is Mobility Work
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