Reinvent Your Business With Enterprise Asset Management
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Enterprise asset management (EAM) is evolving from a maintenance responsibility to a crucial component of operational strategy, impacting profitability and reducing unplanned downtime. The implementation of EAM systems can enhance asset lifecycle management and increase overall productivity while addressing challenges such as data accuracy and compliance. Accrete Solutions, a leader in SAP EAM implementations, offers an IoT-enabled solution to facilitate smart asset management, significantly improving performance and customer satisfaction.
Reinvent Your Business With Enterprise Asset Management
- 1. 3350 Scott Blvd, Bldg. 34 Santa Clara, CA 95054 Phone: +1 877-849-5838 www.acnsol.com
- 2. Gone are the days when enterprise asset management (EAM) was just a maintenance department responsibility. EAM is now becoming an integral part of organizations focused on the operations-centric business approach. This market is witnessing a tectonic shift in EAM's capability to serve as critical differentiators. An EAM system has a direct impact on the profit and loss (P&L) statement and balance sheet of a business by enabling less unplanned downtime and extended asset longevity—some of the critical reasons why you should consider implementing EAM within your organization. • Lack of data or inaccurate data for Asset Tracking lifecycle • Compliance with regulatory and industry standards • Absence of Data or Data and information stored in multiple information systems • Asset management operates like a cost center • Losing organizational knowledge through an ageing workforce • Increasing asset sophistication and complexity • Optimize work order scheduling based on resources, tools, parts availability etc. • Reduce maintenance costs and increase Return on Assets • Improving Asset utilization and performance • Optimize the promised services and efficiencies that can be delivered from the asset • Manual and noncompliant safety processes and work permits • Need to capture and turn the data flowing from equipment into intelligence The goal of EAM is to optimize asset life cycle to decrease the Total Cost of Ownership (TCO) and maximize Overall Asset Productivity (OAP) and Return on Asset (ROA). EAM incorporates the management of an enterprise’s assets across different facilities, departments, business units and geographical areas throughout each Asset’s lifecycle. These assets can include plants, buildings, machines, vehicles, and infrastructure. The goal of EAM is to optimize the asset life cycle to decrease the Total Cost of Ownership (TCO) and maximize Overall Asset Productivity (OAP) and Return on Asset (ROA). EAM incorporates the management of an enterprise's assets across different facilities, departments, business units, and geographical areas throughout each Asset's lifecycle. These assets can include plants, buildings, machines, vehicles, and infrastructure. An EAM system is used to plan, control, optimize, and execute the assets' needed maintenance activities with respective priorities, materials, tools, skills, and available information. It includes design, commissioning, operations, maintenance, and replacement of Assets. An EAM solution includes functionality for:
- 3. The benefits of implementing an EAM are multifold for an organization. The below graphic illustrates the benefits for the different departments.
- 4. About Accrete Accrete Solutions is a leader in SAP EAM implementations and have a long track record of success in the space, uniquely combining SAP EAM capabilities with a real-world IoT device connectivity platform. Accrete has teamed up with Efftronics to offer a complete End-To-End Smart SAP EAM IoT enabled solution to customers. Let us connect to schedule a presentation to showcase the IoT Platform's implementation, which manages 6+ million devices connected to 200+ command centers generating 22+ million records per day. Smart EAM IoT Platform can offer you measurable improvements in Asset Performance, Regulatory Compliance, Proactive Maintenance, and increased Customer Satisfaction.