Enterprise asset management (EAM) involves the management of the maintenance of physical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information. [1] This covers the design, construction, commissioning, operations, maintenance and decommissioning or replacement of plant, equipment and facilities. The goal of EAM is to maximize the value and efficiency of these assets while minimizing associated costs and risks.
"Enterprise" refers to the scope of the assets in an Enterprise across departments, locations, facilities and, potentially, supporting business functions. Various assets are managed by the modern enterprises at present. The assets may be fixed assets like buildings, plants, machineries or moving assets like vehicles, ships, moving equipments etc. The lifecycle management of the high value physical assets require regressive planning and execution of the work.
EAM arose as an extension of the computerized maintenance management system (CMMS) which is usually defined as a system for the computerisation of the maintenance of physical assets. [2]
Enterprise asset management software is a computer software that handles every aspect of running a public works or asset-intensive organization. Enterprise asset management (EAM) software applications include features such as asset life-cycle management, preventive maintenance scheduling, warranty management, integrated mobile wireless handheld options and portal-based software interface. [3] Rapid development and availability of mobile devices also affected EAM software which now often supports mobile enterprise asset management. [4]
EAM solution applications, are used in power generation, including nuclear power plants. EAM solutions are used in the industries for managing asset portfolios and operational efficiency. They are recognized for their role in enhancing asset utilization and reducing costs, with a focus on compliance with regulatory guidelines, and meeting consumer/clients’ needs.
Features and applications for solutions include, but are not limited to:
Configuration management (CM) is a management process for establishing and maintaining consistency of a product's performance, functional, and physical attributes with its requirements, design, and operational information throughout its life. The CM process is widely used by military engineering organizations to manage changes throughout the system lifecycle of complex systems, such as weapon systems, military vehicles, and information systems. Outside the military, the CM process is also used with IT service management as defined by ITIL, and with other domain models in the civil engineering and other industrial engineering segments such as roads, bridges, canals, dams, and buildings.
Business software is any software or set of computer programs used by business users to perform various business functions. These business applications are used to increase productivity, measure productivity, and perform other business functions accurately.
A logbook is a record used to record states, events, or conditions applicable to complex machines or the personnel who operate them. Logbooks are commonly associated with the operation of aircraft, nuclear plants, particle accelerators, and ships.
Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than its individual users. Enterprise software is an integral part of a computer-based information system, handling a number of business operations, for example to enhance business and management reporting tasks, or support production operations and back office functions. Enterprise systems must process information at a relatively high speed.
Field service management (FSM) refers to the management of a company's resources employed at or en route to the property of clients, rather than on company property. Examples include locating vehicles, managing worker activity, scheduling and dispatching work, ensuring driver safety, and integrating the management of such activities with inventory, billing, accounting, and other back-office systems. FSM most commonly refers to companies that need to manage installation, service, or repairs of systems or equipment. It can also refer to software and cloud-based platforms that aid in field service management.
Oracle Applications comprise the applications software or business software of the Oracle Corporation both in the cloud and on-premises. The term refers to the non-database and non-middleware parts. The suite of applications includes enterprise resource planning, enterprise performance management, supply chain & manufacturing, human capital management, and advertising and customer experience.
Mobile asset management is managing availability and serviceability of assets used to move, store, secure, protect and control inventory within the enterprise and along the supply chain or in conjunction with service providing.
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets and to intangible assets. Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner.
SAP Solution Manager is a product developed by the software company SAP SE. It offers end-to-end application lifecycle management to streamline business processes and proactively address improvement options, increasing efficiency and decreasing risk within SAP customers' existing maintenance agreements and managing the application lifecycle.
Manufacturing operations management (MOM) is a collection of systems for managing end-to-end manufacturing processes with a view to optimizing efficiency.
Manufacturing execution systems (MES) are computerized systems used in manufacturing to track and document the transformation of raw materials to finished goods. MES provides information that helps manufacturing decision-makers understand how current conditions on the plant floor can be optimized to improve production output. MES works as real-time monitoring system to enable the control of multiple elements of the production process.
Syclo, LLC was a mobile enterprise application platform (MEAP) and software provider based in the Chicago suburb of Hoffman Estates, Illinois, offering mobile applications to extend enterprise systems, including packaged software for Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), and Customer Relationship Management (CRM), to handhelds, smartphones, and mobile computers for technicians and staff performing work away from a central office.
Infrastructure asset management is the integrated, multidisciplinary set of strategies in sustaining public infrastructure assets such as water treatment facilities, sewer lines, roads, utility grids, bridges, and railways. Generally, the process focuses on the later stages of a facility's life cycle, specifically maintenance, rehabilitation, and replacement. Asset management specifically uses software tools to organize and implement these strategies with the fundamental goal to preserve and extend the service life of long-term infrastructure assets which are vital underlying components in maintaining the quality of life in society and efficiency in the economy. In the 21st century, climate change adaptation has become an important part of infrastructure asset management competence.
OpenText ALM (Application Lifecycle Management) is a software suite designed to support application development and management. It provides tools for planning, development, testing, deployment, and maintenance.
HP Network Management Center (NMC) is a suite of integrated HP software used by network managers in information technology departments. The suite allows network operators to see, catalog and monitor the routers, switches, and other devices on their network. IT staff is alerted when a network device fails, and it predicts when a network node or connection point may go down. The suite was designed to address operational efficiency.
CS Group, initially known as Communication & Systèmes (CS), is a French information-technology service company listed on the Paris Bourse as a member of the CAC Small index. The company designs information systems, develops and integrates software, manages projects and deploys industrial applications. Apart from that, it provides science, technology, and consulting services. CS Group is the French leader in air traffic control, the third-biggest supplier of traffic-management systems in the world and provides information technology consulting services.
The Industry IoT Consortium (IIC) (previously the Industrial Internet Consortium) is an open-member organization and a program of the Object Management Group (OMG). Founded by AT&T, Cisco, General Electric, IBM, and Intel in March 2014, with the stated goal "to deliver transformative business value to industry, organizations, and society by accelerating the adoption of a trustworthy internet of things".
Operational technology (OT) is hardware and software that detects or causes a change, through the direct monitoring and/or control of industrial equipment, assets, processes and events. The term has become established to demonstrate the technological and functional differences between traditional information technology (IT) systems and industrial control systems environment, the so-called "IT in the non-carpeted areas".
GE Digital is a subsidiary of American energy conglomerate GE Vernova. Headquartered in San Ramon, California, the company provides software and industrial internet of things (IIoT) services to industrial companies.