In an economy where costs can be the killer of just about any size business, the astronomical prices involved in the management, maintenance and running of an enterprise level business need to be kept in check in order for these large companies to weather any economic storm. From payroll and equipment, to building maintenance, shipping and receiving costs, taxes, and depreciation, each cost needs to be tracked and monitored to ensure improved profitability. EAM, Enterprise Asset Management systems exist to help enterprise level businesses manage and monitor these costs. This system allows for the business to plan around potential problems as well as create processes to ensure future profitability.

Why EAM and Not CMMS?

Any CMMS, Computerized Maintenance Monitoring Software, system is going to have a positive effect on the profitability of any business. The ability to closely monitor equipment, inventory and stock will benefit any business by decreasing the possibility of any unknown costs for maintenance or repairs.

However, in the case of an enterprise level business, both the size of the company and the costs become much larger and therefore harder to track and manage. Using an EAM, Enterprise Asset Management, allows for a comprehensive view of all assets within any company from staff, to equipment and inventory, to the physical building itself. Not only can the equipment be monitored, but all accounting procedures, purchasing, shipping and quality control can be tracked on an ongoing basis.

The ability to integrate all of the asset management systems within the company provides the Manufacturing or Facilities Manager a constant view of all of the aspects of the business. They have the ability to see where costs can be cut, where potential problems lie and where changes need to be made to improve production and profitability.

Reports can be run based on specific search criteria for any and all systems and can specify any number of results based on the report requirements. These results will be the basis of future work regarding the company as a whole. EAM services ensure the future of any enterprise business.