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enterprise asset management (EAM)

Enterprise asset

management

(EAM) is an enterprise management of assets, i.e., plant and machinery.Enterprise asset management is used to systematically plan and monitor enterprise resources to improve utilization and reduce downtime and emergency response

. Inaddition, asset management aims to improve

the 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).

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Englisch: enterprise asset management - EAM
Updated at: 17.10.2013
#Words: 154
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