Why Manufacturers Can’t Afford To Ignore Enterprise Asset Management
Globalization is a fact that every manufacturer no matter the product or vertical must contend with in their daily operations.
Whether you are a single plant feeling the pressures brought on by overseas competitors or a multinational organization moving operations to emerging markets, you deal with globalization pressures. Globalization pressures are driving the need for manufacturers to lower operating costs, causing increased scrutiny from regulatory bodies. In order to deal with these pressures, manufacturers are searching for a way to maximize Asset Performance.
ASSETS MUST BE TRACKED!
From fleet vehicles to production facilities assets must always be tracked, managed, and serviced in order to deliver full optimal value in support of critical business functions.
Enterprise Asset Management (EAM) provides a key opportunity for improving operational efficiency. Proactive asset management allows organizations to benefit in a number of areas:
Reduced operating expenses
Greater productivity
Higher service levels
Deferred asset expenditures
An effective Enterprise Asset Management (EAM) solution will understand that assets are often distributed across many locations and/or mobile in nature. This often means that multiple management silos of assets exist with redundant functions resulting in real costs, both in terms of business productivity and actual service cost. The consequences of under-management and reactive management can be even more severe, with unpredictable productivity and safety issues.
Managing critical assets has become continually more complex. In order to meet increasing requirements, you must manage risk and compliance, have full visibility of all asset and asset based service management activities, and standardize business process and operations across the entire organization. Critical assets such as tools, tests, measurement equipment, diagnostic equipment, robots and facilities all require a high level of uptime.
What should manufacturers demand from their Enterprise Asset Management (EAM) solution at a minimum?
Track and manage asset deployment, specifications, conditions, calibration, and costing from a single system
Manage maintenance with comprehensive work orders for planned and unplanned activities
Support for preventive, reactive and condition based maintenance
Advanced planning, scheduling, resource optimization and KPI’s
Comprehensive inventory management including vendor management
Fully functional mobile solution both on or offline
What should manufacturers demand from their Enterprise Asset Management (EAM) solution at a minimum?
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EAM
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