What is Enterprise Asset Management (EAM)?
Enterprise asset management (EAM) (also known as “Equipment management” is the optimal lifecycle management of the physical assets of an organization. It covers subjects including the design, construction, commissioning, operations, maintenance and decommissioning or replacement of plant, equipment and facilities. Equipment owners and operators are obligated to meet many legislative requirements. Bastion helps drop overall equipment management costs through our innovative asset management system (EAM). Identify problem equipment, address nuisance breakdowns and which department or personnel are routinely associated with each other. You can do all this from your phone, tablet or desktop. Fully track and manage your equipment lifecycle from commissioning to retirement.
Do you need an asset management system (EAM)? If you are asking the question, it’s likely you need one. Whether you own, or service a fleet of mobile equipment or commercial properties, it’s near impossible to address maintenance & repair requests, service windows, predictive & preventative maintenance while balancing multiple demands. An EAM automates maintenance schedules, provides instant access to equipment records & manuals, convenience to technicians, and transparency to equipment managers.
Whatever you choose to call it the benefits of an EAM are undeniable. They include standardized processes, financial stability, equipment reliability, operator history, equipment transparency, and budget traceability. These are only a fraction of the benefits associated with asset management. A well-designed asset management system will overlap into and improve operations, finance, HR and HSE processes, paying dividends in the short, and long-term.