Enterprise Asset Management

What is Enterprise Asset Management?

Enterprise Asset Management or Plant Maintenance means "complete management of organizational assets through regular maintenance processing in order to have effective utilization of assets for better productivity and maximize the value returns".

Conventional Computerized Maintenance Management Systems (CMMS) focus on asset maintenance – record keeping, tracking, maintenance planning, work orders, scheduling and cost management

Enterprise Asset Management (EAM) systems extend this model to include resource management such as labor, subcontractors, external services procurement, materials, tools and equipment by incorporating integrated inventory & purchasing capabilities.

Since there are many different types of plants and factories, the ways to maintain these facilities often vary. For example, a steel mill will have different machinery than a food processing plant. This means that each place of business generally has its own maintenance planning procedures and criteria. 

In any Plant or a factory, regular maintenance is required for Equipment, machinery, tools, fleets, production resources, fixed assets, Current assets etc.

In general,Maintenance activity can be of following types.

1) Preventive 

2) Breakdown

3) Corrective

4) Reliability centered maintenance (Reliability Engineering)

5) Condition based maintenance

6) Predictive Maintenance

There are many tools and software products like IBM MAXIMO, Microsoft Dynamix AX, SAP EAM, IFS EAM are being utilized for plant maintenance activities and tracking the same. SAP EAM is the best application which is integrated with other application components of ERP.

SAP Plant maintenance/EAM can be integrated with asset performance management and document management utilities like Meridium/ blue celio etc.