What is Enterprise Asset Management (EAM)?
48 citationsBased on TrustRadius reviews of IBM Maximo Application Suite, Enterprise Asset Management (EAM) software is a system used to manage the complete lifecycle of a company's physical assets and the work associated with them. Reviewers use it for core functions like work order management, which involves planning, tracking, and completing maintenance activities. It is also used for tracking asset maintenance history, material purchases, and project costs. More advanced capabilities mentioned by users include predictive maintenance and condition monitoring. Ultimately, reviewers report that using an EAM system helps with data management for large data sets and provides time savings by automating manual processes.
Prompt Questions
what industries benefit the most from using enterprise asset management systems?
what resources are available for someone just starting to research enterprise asset management solutions?
what is enterprise asset management software and why do companies use it?
what's the difference between asset management software and simple maintenance tracking spreadsheets?
what are good options for a company just starting to formalize its asset management practices?