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
Higher service levels
Deferred asset expenditures
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.