What is an EAM System?
An EAM system encompasses a series of activities to extract the maximum value from an organization's assets. Let's see how EAM systems coordinate and control these activities.
As we saw in the previous post, an enterprise asset management system (an EAM system for its acronym in English) allows organizations to direct, coordinate, and control internal activities and processes in order to extract the greatest value from their different types of assets. In this article, we will delve deeper into these systems.
Asset Management System (EAM): Understanding the Concept
An asset management system is a software solution designed to help organizations optimize the management of their physical assets throughout their entire life cycle. These assets may include machinery, vehicles, equipment, and the infrastructure necessary for a company’s production and operations.
The main objective of EAM systems is to maximize the utility of assets, ensuring their availability, reliability, and efficient maintenance, while minimizing costs and complying with applicable regulations and standards.
While these systems primarily handle all activities related to physical assets, they can also manage information assets and offer functionalities related to aspects of human assets.
What Does the Asset Life Cycle Include?
The life cycle of an asset encompasses from its acquisition or creation, through its use, maintenance, and improvement, to its eventual disposal or renewal. Throughout this cycle, the focus is on maximizing the utility and efficiency of the asset, minimizing the costs associated with its entire useful life.
How Does an EAM System Differ from a CMMS System?
A CMMS (Computerized Maintenance Management System), as its name indicates, is used to manage, coordinate, and direct the maintenance activities of physical assets. It generally consists of three main modules: maintenance, inventory, and purchasing.
In contrast, as we mentioned previously, an EAM system encompasses all activities related to assets throughout their complete life cycle, with a comprehensive 360º approach. In addition, it can manage assets beyond the purely physical, including those related to production and general services. Therefore, an EAM system has many more functionalities than a CMMS, including the following:
IFS Ultimo: EAM System in the Cloud
IFS Ultimo is an EAM system prepared for the optimal comprehensive management of the asset life cycle. Easy to deploy and use, it offers significant value to companies: being in the Microsoft Azure cloud, it reduces investment costs and guarantees availability above 99.7%. In addition, it has been cataloged as a leader in the market according to Verdantiz, among other reasons, for taking care of the safety and well-being of the workers who use it.
An EAM Solution for Every Case and Designed for Everyone
The fact that they do not focus on mere maintenance tasks makes EAM systems intelligent investments for the profitability and competitiveness of companies in the short and long term. In the case of IFS Ultimo, the software includes specific functionalities that address the particularities of each sector, even if they do not coincide with those of others, thanks to:
- Specific modules designed to address different types of assets.
- Adaptability to the requirements and processes of each company: they control their experience.
- Complete asset management, without staying in the expected basics.
Compañías líderes en sectores como el de alimentación, farmacéutico, químico, infraestructuras o logística ya han aprovechado las ventajas de IFS Ultimo.
