You probably know what the words enterprise, asset and management mean, but you may wonder what they mean when used together.
So what is an asset? Ask yourself: do you need to inspect it, maintain it, attribute costs to it or need to know how it’s performing? If yes, then you can probably consider it an asset.
Organisations have been managing physical assets for centuries. Today however, the modern Asset Manager has to achieve ever more challenging asset performance against a backdrop of ever-increasing regulation and financial constraint.
To achieve this, Enterprise Asset Management (EAM) can be designed and implemented to derive maximum synergies from across the enterprise. This involves challenging age-old practices and marshalling enterprise resources to harness greater efficiencies with increased operational performance and financial transparency. And of course, doing all this without breaking the bank!
Inside you will find:
- An overview of Enterprise Asset Management
- The scope, scale and objectives of EAM
- What good EAM looks like
- Useful pointers for design and implementation of EAM
- Ten facts to remember when implementing EAM