Enterprise Asset Management (EAM)
What Is Enterprise Asset Management (EAM)?
Frontline organizations across industries — field services, transportation, logistics, construction, and more — manage dozens, if not hundreds or thousands, of pieces of equipment to complete their work. These assets might include machinery, vehicles, infrastructure, or IT equipment. Managing them manually can be costly and error-prone, which is why many large-scale organizations rely on enterprise asset management (EAM) platforms to automate the process.
EAM platforms allow teams to track assets in real time and receive alerts when maintenance is needed. This streamlined approach helps minimize downtime, reduce costs, and ensure issues are addressed quickly and efficiently.
In frontline environments, strong enterprise asset management practices are particularly critical. When frontline workers don’t use their EAM software correctly, one error can cost thousands — or even millions — of dollars, as well as large-scale environmental or community issues.
FAQ
Enterprise asset management (EAM) refers to the processes and technologies large businesses use to manage their frontline equipment. Because enterprise organizations tend to have multiple facilities and often span regions or states, asset management is significantly difficult. Using advanced software for enterprise asset management (EAM) can help streamline this process.
Frontline enterprise organizations must track, organize, and maintain physical equipment from work vehicles to machinery, tools, and even buildings.
An advanced asset management system centralizes inventory and asset management in one single source of truth. Teams can instantly see not only where their assets live but also what condition those assets are in. The system can notify teams of maintenance needs, thereby reducing downtime.