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Enterprise Asset Management
is the combination of software, systems, and processes to maintain and control a company’s operational assets and equipment. It helps to reduce cost for emergency repairs, increase asset lifecycles and maximize uptime through preventative maintenance. With enterprise asset management, organizations can be proactively prepared for audits and inspections, save money on fines, and avoid negative publicity.
Enterprise Asset Management
is the combination of software, systems, and processes to maintain and control a company’s operational assets and equipment. It helps to reduce cost for emergency repairs, increase asset lifecycles and maximize uptime through preventative maintenance. With enterprise asset management, organizations can be proactively prepared for audits and inspections, save money on fines, and avoid negative publicity.
SAP EAM is a software solution to help maximize an organization’s asset health and performance. It supports the maintenance and service of physical assets with real-time insights, loT, machine learning, mobility, and advanced predictive analytics. The solution allows companies to plan, schedule and maintenance operations better by the integration of intelligent technologies to deliver new value and optimize processes. Real-time insights help maintenance teams make better decisions, enhance efficiency, perform preventative maintenance, and maximize investments in physical assets.
Key Capabilities of SAP Enterprise Asset Management are:
- Asset Performance. Risk estimation and evaluation, reliability methodologies, and AI predictive maintenance.
- Field Service. Workforce scheduling and dispatching, analytics reports and dashboards, mobile field service.
- Mobile EAM. Work order management, compatibility with multiple devices, and mobile asset management.
- Asset Tracking. Collaborative EAM, centralized asset data hub, and automated equipment tracking.
- Maintenance Operations. Asset operations and planning, maintenance scheduling, and maintenance execution.
- Geographic enablement. Standalone geometry explorer and editor, geospatial enabled solutions, and GIS data.
- Crowd service. Collaborative service ecosystem, skill and qualification management, and AI-enabled technician empowerment.
Benefits of Enterprise Asset Management are:
- Reduce overall maintenance costs by preventative maintenance
- Schedule and plan maintenance proactively
- Understand the overall equipment effectiveness (OEE)
- Automate equipment alerts and communication
- Ensure regulatory compliance
Key considerations for SAPinsiders are:
- Take Asset Management Planning to the Next Level. In this article discover how to bring an advanced and strategic approach to asset management. Including balancing cost, risk, and performance in your company’s objectives.
- Discover SAP’s Approach to Intelligent Asset Management: The Convergence of EAM and APM. This event presentation talks about how the processes and systems have grown with managing enterprise asset management. Capabilities now include managing the entire life cycle covering both enterprise asset management (EAM) and asset performance management (APM).
17 results
Neptune Empowers Enterprise Mobility with Seamless Data Synchronization OfflineFeb 14, 2025 — In asset-intensive industries, implementing enterprise asset management systems with offline capabilities is crucial for field workers to efficiently log data, report issues, and execute tasks despite unreliable connectivity, leading to improved operational efficiency and significant cost savings, as demonstrated by TC Energy's successful use of Neptune Software.
3 minute read
6 Ways to Leverage Technology for Retaining Industrial Maintenance TalentJan 21, 2025 — Industries facing labor shortages, particularly in industrial maintenance, can enhance productivity and retain talent by leveraging technology through automation, improved communication, real-time data access, on-the-job learning, better decision-making, and mobile solutions to attract younger workers.
3 minute read
Innovation in Enterprise Asset Management: Transformation in ActionNov 16, 2023 — World-class maintenance is not created overnight but many asset-intensive companies have yet to take much more than the first step. If they have, they are still climbing uphill. Through 21 years of working with large asset-intensive organizations Sigga Technologies has addressed these challenges first-hand. In developing the Sigga Maintenance Maturity Curve, Sigga shows how mature, market-leading enterprises have strong maintenance foundations.
1 minute read
Managing Assets Intelligently with RizingNov 13, 2023 — Companies in asset-intensive industries are always looking to improve the performance of their assets and workers to reduce downtime and unscheduled maintenance while aligning their asset management best practices with broader organizational and financial goals. Yet there is no one-size-fits-all solution.
When pursuing EAM process, strategy, and system improvements, companies should consider partners like Rizing that offer real-world experience along with the technological expertise to maximize value within SAP systems. These partners can help companies lay out a roadmap, while garnering buy-in from essential stakeholders from all parts of the business. When enterprises fuse long-term vision with expert process management strategies, they are able to solve mission critical asset management problems and ultimately help their organizations run more efficiently and profitably.
5 minute read
Webinar: Elevating Enterprise Asset Management (EAM) in the Digital AgeOct 31, 2023 — For asset-intensive industries such as utilities, oil and gas, transportation, and discrete and process manufacturing, Enterprise Asset Management (EAM) has been a crucial necessity. It includes the management, support, and maintenance of a company’s physical assets throughout their complete lifecycle. This lifecycle encompasses capital planning, procurement, installation, performance, maintenance, repair, regulatory compliance, risk management, and asset decommissioning and disposal.
1 minute read
Elevating Enterprise Asset Management (EAM) in the Digital AgeAug 31, 2023 — For asset-intensive industries such as utilities, oil and gas, transportation, and discrete and process manufacturing, Enterprise Asset Management (EAM) has been a crucial necessity. It includes the management, support, and maintenance of a company’s physical assets throughout their complete lifecycle. This lifecycle encompasses capital planning, procurement, installation, performance, maintenance, repair, regulatory compliance, risk management, and asset decommissioning and disposal.
1 minute read
Optimize Asset Management with ECM for SAP LandscapesJun 1, 2016 — During this live Q&A session, industry experts Nicholas Mauldin (AMER) and Claudia Traving (EMEA) of OpenText gave an international look at how leading organizations are leveraging Enterprise Content Management (ECM) in their SAP landscapes to digitize key assets and processes, thereby providing fast access to documentation. If you missed the chat or need a refresher, […]
23 minute read