Enterprise Asset Management
Enterprise Asset Management, or EAM, is the coordinated management of physical assets, maintenance, costs, risk, contracts, inventory, and lifecycle decisions across an organization.
What this term means in maintenance
Enterprise Asset Management, or EAM, is the coordinated management of physical assets, maintenance, costs, risk, contracts, inventory, and lifecycle decisions across an organization.
What EAM covers
EAM commonly includes:
- Asset master data
- Work management
- Preventive maintenance
- Inventory
- Procurement links
- Contracts
- Labor
- Cost
- Risk
- Lifecycle planning
Practical example
A multi-site manufacturer uses one EAM system to manage plant assets, utilities, facilities, contractors, spares, maintenance history, and replacement planning.
EAM versus CMMS
A CMMS focuses strongly on maintenance execution. EAM normally extends further into financial, procurement, contract, and lifecycle management.
Data requirements
EAM depends on controlled asset hierarchy, location, classification, ownership, cost, and work history.
Common mistake
Implementing EAM without cleaning asset and spare-parts data creates a larger system with the same unreliable information.
Related concepts
Related maintenance terms
Keep exploring connected CMMS, reliability, and maintenance planning terms.
Computerized Maintenance Management System
A computerized maintenance management system, or CMMS, is software used to plan, assign, record, and review maintenance work across assets, locations, teams, spare parts, and compliance records.
Asset Lifecycle Management
Asset lifecycle management is the coordinated management of an asset from need and acquisition through operation, maintenance, improvement, renewal, and disposal.
Asset Performance Management
Asset Performance Management, or APM, is the coordinated use of data, maintenance, reliability, condition, and risk information to improve asset outcomes.
Glossary FAQs
- What does EAM stand for?
EAM stands for Enterprise Asset Management.
- How is EAM different from CMMS?
CMMS focuses strongly on maintenance execution, while EAM normally includes broader lifecycle, financial, procurement, contract, and risk controls.
- What data does EAM require?
Reliable asset hierarchy, classification, location, work history, cost, inventory, contract, and lifecycle information.