What is EAM software?

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What is EAM software?

EAM, or enterprise asset management software, provides a holistic view of an organization’s physical assets and infrastructure throughout their entire lifecycle, from design, commission, or procurement, through to operation, maintenance, disposal, and replacement.

Enterprise asset management (EAM)

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Asset lifecycle management

Keep all asset data and documentation at your fingertips, so it’s there when you need it—regardless of where you are in the asset’s lifecycle.

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Work order management

Diagnose a problem, and quickly assign specific technicians to the job. Schedule and organize work orders for employees and contractors, and keep track of upcoming work.

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MRO materials management

Control costs with full oversight into inventory procurement and management. Understand the demand for materials at your facility and manage parts accordingly.

Labor management

Manage assessment, training, and certification for employees and contractors responsible for asset management in your organization.

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Service contract management

Control compliance and spending at every step of the contract lifecycle. Create and manage contracts and service agreements with customers, vendors, partners, and employees.

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Financial management

Gather data on work order costs, and integrate with finance software to manage accounting and project spending.

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Reporting and analytics

Analyze asset performance to spot issues before they become bigger problems. Collect key performance indicators for your entire facility to make better business decisions.

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What’s the difference between EAM and CMMS software?

At first glance, the differences between EAM and CMMS software are minimal—both help organizations move from a reactive to a preventive maintenance strategy by automating maintenance activities, inventory management, and work orders.

But as the name indicates, a computerized maintenance management system (CMMS) is used primarily to manage maintenance during the operational part of an asset’s life—the time when it’s up and running and working as a productive part of a facility.

Enterprise asset management software, on the other hand, manages the entire lifecycle of an asset, from creation or procurement through to disposal. It is often used by organizations with a larger number of users across multiple sites and includes capabilities like lifecycle planning.

Basically, EAM software lets you see a much bigger picture. It gives you an overview of priorities and lets you see what tools—including finances, skills, materials, and information—are at your disposal to meet those priorities.

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