Asset management is a logical approach to the governance and realization of value from tangible and intangible assets that an organization is responsible for over their entire lifecycle. Asset management software can be utilized to track asset inventories. The system also facilitates asset lifecycle management. The software can track assets at all periods right from acquisition to disposal.
Enterprise asset management (EAM) is a mixture of software, systems and services used to sustain and manage operational assets and equipment. The goal is to enhance the condition and use of assets throughout their lifecycle, increase valuable uptime and decrease operational costs. Enterprise asset management encompasses asset maintenance, planning and scheduling, work management, supply chain management and environmental, health and safety programs.
EAM enables operating models to progress with organizational assets. EAM is a blend of software, systems and services utilized to sustain and manage operational assets and equipment. EAM solutions are aimed to improve the value and use of assets throughout their lifecycle, boost productivity and decrease operational costs.
EAM is essential because it helps organizations track, assess, manage, and optimize asset quality and reliability. Organizations associated to many industries have a multitude of assets.
Assets can consist of many items, such as transportation fleets, IT equipment, software, manufacturing equipment, large HVAC units , cell towers and essentially any quantity of equipment necessary to maintain production, services, and operations. Organizations that use EAM can support maintenance teams with improved management in complicated environments to:
Increase asset usage Chronological and real-time data gathered from IoT devices and analytical and diagnostic resources help broaden accessibility, dependability, and functional life of physical assets.
Remediate issues before they occurAsset management software provides preventive abilities to maintain equipment for balanced and uninterrupted operations. It improves warranty compliance assurance and anticipates problems that could suspend production.
Strengthen operational applicationsEAM supports a single technology system to manage practically all asset classes. Processes are integrated and standardized for broad asset functions within the entire enterprise.
Manage end of lifecycle and infrastructure assetsEquipment lifecycles are lengthened through apprised maintenance schemes also by inserting risk management into business processes to increase ROI.
Improve maintenance administrationIoT, AI and analytics augment equipment maintenance methods. Asset tracking and traceability meet progressively convoluted environmental, health and safety requirements.
Intelligent asset monitoringUtilize actionable insight into existing and projected states of assets with AI-powered remote monitoring. It accumulates data across throughout the enterprise, developing fewer, more precise alarms and augmented decision-making.
Utilize extended and improved analytics frequently driven by AI, to obtain operational insights. Make use ff optimized models to automate the organizing, scheduling and work management processes established on analysis.
Support SaaS, cloud-based deployment, or hybrid cloud deployment to control costs, improve system elasticity and reduce reliance on IT.
Vividly view work orders and preventive maintenance timetables on a Gantt chart. Instinctively direct work order management to assist dispatchers manage tasks and work requirements.
Effective IoT technologies incorporation that help assimilate EAM with supply chain management systems.
Ability to reduce risk by using incident analysis, corrective action traceability and process change management to document and report environmental, health and safety concerns.
Achieve more from reading meters to capturing electronic signatures to using bar codes and RFID. Utilize smartphone capabilities such as photos and voice-to-text to capture information and deliver tools, documentation, and collaboration.
Universally manage scheduled and unscheduled work, from primary request through completion and including the recording of actuals.
Change from corrective maintenance to preventive maintenance and predictive maintenance when repairs are made since the data indicates imminent failure.
In today’s global marketplace asset management systems empower organizations in various industries to modernize their operations by retaining asset information in a centralized database to identify developments to provide clarity throughout the business landscape and augment your business and operations strategy. Asset management benefits are enormous, facilitating asset managers to obtain:
Each of these aforementioned benefits decreases costs and overall streamlines efficiency within your business.
Leader for Worldwide SaaS and Cloud-Enabled Asset-Intensive EAM Applications
Sisco offer various cloud hosted EAM SaaS that offers the agility to support data challenges. We provide utility based - pay for data resources you require. SaaS requires much less involvement and support from IT than on-premises implementations. As a result, capital expenses related to IT can be converted into operational expenses and resources.
Software upgrades are made by cloud service providers to implement the latest versions and functionality. SaaS also integrates new or recent technologies faster and with less threat to your organization.
Distribution of water, gas and electric power involves resources for linear assets such as pipelines or powerlines. These systems also need to adapt complex crew scheduling and take into account geospatial information from remote assets.
EAM systems are essential to lower costs by regulating and enhancing maintenance procedures and cultivating collaboration. In addition, it supports the importance on integrating safety, reliability, compliance and performance into workflows.
Manufacturing includes a collection of segments: automotive, aerospace, defense, electronics, industrial products, consumer products and more. In these environments, EAM systems become part of complete process management methodologies and complement product lifecycle management requirements.
These applications provide specifics about assets and inventory that enable a service or logistic function. Fuel management, driver logs, spare parts, service bay schedules and other data are critical to maintaining rail, road and air traffic operations.
EAM systems monitor, monitor and manage equipment, facilities and mobile assets. Management of standards, traceability and e-signature is critical. Documentation packages are utilized to facilitate and authenticate intricate regulatory requirements.
Healthcare EAM must oversee multifaceted relationships between facilities and equipment readiness. They track and detect key assets, examine facility environments, conform to reporting requirements and integrate with operational health information systems.
Many organizations may lack the skills, global resources, and budget to implement a multifaceted Asset Management deployment. Multiple stakeholders are involved in the acquisition, installation, deployment, support, utilization, and disposal of software. The technologies involved are complex and constantly changing. Sisco has the resources, approach, and passion to assist with your asset management consultation, development, and implementation around the world. We provide an unbiased perspective helping organizations obtain the precise information they require to optimally engage their strategic goals.
Sisco has not one, but various asset management solutions to meet your organization’s requirements.