Enterprise Asset Management (EAM)
Enterprise asset management (EAM) refers to the systems and processes used to maintain and manage a business's physical assets throughout their lifecycle. It centralizes the collection and storage of asset data to monitor current performance and conduct regular maintenance. This helps improve productivity and lower operational costs.
What Small and Midsize Businesses Need to Know About Enterprise Asset Management (EAM)
SMBs with extensive facility or equipment needs can benefit from EAM. EAM data can help identify asset performance issues, point to equipment that need maintenance, and suggest efficiencies that can be obtained by changing the way a piece of equipment operates.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)
