Enterprise Asset Management (EAM)

The management of the lifecycle of physical assets to maximize their use.

What is Enterprise Asset Management (EAM)?

Enterprise Asset Management (EAM) is a systematized approach that allows organizations to manage their physical assets efficiently throughout their lifecycle. It involves tracking, monitoring, and maintaining assets to achieve optimal performance and maximize their value. EAM encompasses various processes such as asset inventory, maintenance scheduling, calibration, and procurement to ensure that assets are utilized effectively. By implementing EAM, businesses can improve operational efficiency, reduce downtime, and extend the lifespan of their assets. This proactive approach enables organizations to make informed decisions regarding asset investments, maintenance priorities, and budget allocation. Overall, EAM plays a crucial role in enhancing asset reliability, compliance, and overall productivity within an organization.