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What Is Enterprise Asset Management Software?

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You've heard of EAM software, but you're not sure what it is and how it's useful. This presentation will tell you the basics of EAM software and why thousands of organizations use it.

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What Is Enterprise Asset Management Software?

  1. 1. What is Enterprise Asset Management software? And why should I use it?
  2. 2. So, you’ve heard of Enterprise Asset Management (EAM) software, but you’re not sure what it is and how it’s useful.
  3. 3. If that’s the case, why did you click on this? Do yourself a favor and go watch some cat videos. Or maybe you’ve never heard of EAM software…
  4. 4. Okay, that weirdo is probably gone. Now let’s get into some definitions.
  5. 5. What is Enterprise Asset Management?
  6. 6. Enterprise asset management is the business processes and enabling information systems that support management of an organization’s assets
  7. 7. This includes:
  8. 8. This includes: •Physical asset management •Fixed assets management •IT asset management •Digital asset management
  9. 9. “…the management of the assets of an enterprise across departments, facilities, business units, and geographical locations… Techopedia defines Enterprise Asset Management as:
  10. 10. “… EAM integrates techniques for holistic control and optimization throughout asset life cycles, including design, commissioning, operations, and replacement.” Techopedia defines Enterprise Asset Management as:
  11. 11. Enterprise Asset Management is important in reducing costs and improving efficiency for many businesses
  12. 12. •Maximized return on assets (ROA) •Reduced costs and risks •Improved asset decision making •Compliance with required regulations •Increase asset service responses and enhanced efficiency •Lowered total cost of ownership (TCO) Techopedia states that Enterprise Asset Management has several goals, such as:
  13. 13. Let’s explore what EAM software does and its benefits.
  14. 14. Functions of EAM software
  15. 15. EAM software is able to monitor and track physical assets.
  16. 16. It tracks physical location, and may also track asset life-cycle stage, maintenance needs, current custodian, and any additional information that helps with asset management.
  17. 17. Most EAM software can automate certain aspects of asset management, such as automatically ordering more parts as supplies are depleted.
  18. 18. This is a key function of EAM software, as it decreases overhead and increases overall efficiency.
  19. 19. Usage of EAM software
  20. 20. Enterprise Asset Management software is most often used by organizations with many physical assets.
  21. 21. These assets can be equipment such as a bulldozer or scientific measurement tool, manufacturing parts, or furniture such as desks in a school.
  22. 22. EAM software may also track inventory, such as clothes for a major online retailer.
  23. 23. Benefits of EAM software
  24. 24. EAM software allows your organization to have as much information as possible to improve operations.
  25. 25. It often comes with automatic tracking tools that ensure your system is quickly updated. This means you always have up-to-date information with which to make management decisions.
  26. 26. To learn more about the benefits of EAM software, see this page on eQuip! Enterprise Asset Management software.

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