enterprise asset management (EAM)

Enterprise asset management ( EAM) is an enterprise management system for assets, i.e. for plant and machinery.

Enterprise asset management is used to systematically plan and monitor enterprise resources and is intended to improve utilization and reduce downtime and emergency response. In addition, asset management aims to improve return on investment( ROI).

Especially in industries where expensive plant, equipment and machinery need to be maintained, such as process-controlled manufacturing, telecommunications, power supply, etc., the benefits of asset management come into play. Prevention goes hand in hand with cost reduction of downtime, repair frequency and emergency situations.

EAM approaches often take into account other management and control areas such as enterprise resource planning( ERP) or supply chain management( SCM).