Asset lifecycle management functionality helps users plan for updates, replacements and other changes that might cause serious setbacks if they happen by surprise. Asset lifecycle management used to be strictly an EAM feature, but as CMMS has gotten more advanced and diverse, it is now often offered by both types of systems. Another way to say this is that EAM is broader and more comprehensive than CMMS, more sophisticated in general and more robust in terms of its application.
The differences are sort of like those between BI and BA , in that one is included inside the scope of the other. Some experts suggest establishing a rule of thumb when considering purchasing or upgrading: one is that a company with over maintenance personnel should consider EAM tools. Another could be an organization that operates more than one or two facilities should consider an EAM.
A company with more diverse maintenance staff — for example, a company with mechanical maintenance teams as well as IT maintenance departments — might make more use of EAM solutions. A smaller company that may only have a dozen or so maintenance workers could be fairly happy with the limited functionality of a CMMS suite. When it comes down to it, only you can decide which system is right for your business.
For CMMS, it is typically technicians, maintenance workers and operations teams using them directly to manage their operations. EAM software is used by these same groups as well, but is additionally utilized by C-level users, accounting and compliance teams addressing overarching asset issues, budgeting, and more.
One of the most common ways companies use CMMS is as a communications process for work orders and other maintenance tasks. Before CMMS existed, employees would use punch cards to communicate what work needed to be done, had been done and would be done in the future. With the dawn of computers, that unwieldy system has been digitized, improved and expanded. As new software products have helped the business world modernize, systems that were originally designed for one thing — say, keeping track of maintenance performed on assets — evolve to become the go-to for a range of new tasks that were once the purveyance of something else entirely.
CMMS is a good example of this. The idea behind CMMS is you need a centralized space to keep track of all existing work orders and maintenance requirements. The primary use of CMMS in many companies is as a digital system for making sure that maintenance tasks get done by the correct person. It also ensures that maintenance requests are logged and that each machine or asset gets its own designated maintenance monitoring. Enterprise asset management takes a broader approach to the way assets are managed and maintained.
It encourages leaders to look at the network of assets in their organizations and make informed decisions on how to optimize their performance. Leaders who make the decision to invest in EAM recognize they need to manage more than work orders and preventive maintenance. They need a 10,foot view of all their assets, lifecycle and costs—as well as the ability to drill down to get detailed information on a single part.
By closely tracking and managing your assets, you gain key insights that can revamp your asset landscape and improve operations. For example, you may figure out that a particular type of equipment requires more maintenance than others and then choose to replace it. When a critical piece of equipment fails on the manufacturing floor, it can take weeks to receive the replacement parts.
While the cost of repair can be significant, the cost of halted production can be even greater. EAM software helps plant managers and other maintenance professionals take the pulse of their plant so they can anticipate failures before they happen. The origin of CMMS platforms is closely linked to the goal of replacing manual maintenance records with automated software.
Even as the scope of CMMS has continued to evolve, it still centers around bringing down maintenance costs through automation. EAM software recognizes the role of asset management in the big picture and uses consolidated data for root cause analysis, lifecycle cost analysis, and more. While CMMS platforms elevate asset performance by efficient handling of service requests and work orders, and tracking assets, EAM software can help answer more in-depth strategy questions, such as:.
If you are running a large-scale enterprise with multiple entities—assets across multiple geographies or a combination of assets such as manufacturing equipment, IT infrastructure, and design technologies—EAM works in your favor. However, if you are a small or medium sized business, a CMMS platform should be sufficient. EAM software is typically more expensive than a CMMS, so assess your budget and return on investment before making the call. However, if your objectives are more diverse and you want to make informed decisions by monitoring assets throughout their lifecycle, EAM is a better option.
If you are a facilities manager or a maintenance professional who is currently using spreadsheets, a simple, user-friendly CMMS might be your best bet. If you have others involved—such as procurement engineers, finance professionals and senior leaders—you may want to consider enterprise asset management software. What is a CMMS?
What is EAM software? CMMS vs. EAM—which one should you choose? The differences Which do you choose? It also helps in finding non-performing assets. What are those similarities? Here we go! Enterprise asset management systems let the user schedule preventive maintenance for the assets just like the computerized maintenance management system.
On the other hand, CMMS is more focused on maintenance. CMMS are designed to manage a single location, or offer limited multi-site support, while EAM systems come with extensive features for managing multiple sites and businesses. The contrast between them is something other than a couple of additional highlights. They are two distinct types of software that show two separate ways to deal with asset management.
If your organization has multiple locations and equipped with several assets, then Enterprise Asset Management is the best choice. EAM software is one of the tools in the market that combines powerful upkeep and asset management abilities with cutting edge highlights for life cycle cost tracking and analysis. It provides a powerful platform for helping organizations move from reactive maintenance to a more proactive mindset. EAM software is a good choice for organizations that: 1 have a large portfolio of assets, 2 operate multiple sites, and 3 want to reduce the total cost of ownership TCO of their assets.
It offers the advanced tracking and analytical tools required to manage assets at an enterprise level. Smaller organizations may find EAM software to be too overwhelming for their needs. FTMaintenance is full-featured CMMS software that provides powerful tools for managing equipment and facility assets, work orders, MRO inventory, and preventive and corrective maintenance. It is designed to help organizations gain better control of maintenance operations through the documentation, management, organization, and analysis of maintenance activities.
Schedule a demo to learn more about how FTMaintenance can improve your maintenance operations.
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