A properly implemented EAM system provides who, what, where, when, why and even how of your assets:
- Who is using the asset, or last used it?
- What is the assets description, specifications and value?
- Where is the asset now and where has it been?
- When is the next scheduled maintenance and when was the last maintenance performed?
- Why should we keep this asset? Is it contributing to profit-making efforts?
- How do we fix or maintain the asset?
For an EAM system to provide the best value to your company, it should be integrated into other enterprise platforms. EAM systems are carefully designed to manage resources so integrating EAM data with your ERP/MES systems can automate scheduling of downtime and prevent scheduling inaccuracies. Similarly, EAM systems have well crafted fixed asset accounting and depreciation functions which, when integrated into enterprise accounting systems can save considerable rekeying and recalculating of data.
Technologies such as GPS, WiFi and RFID have many uses in EAM systems. These technologies enable assets to communicate directly with the EAM system and provide always up-to-date details about the asset. Even in remote locations vehicle mounted computers can process RFID and WiFi data and synchronize to the master EAM database when the vehicle returns home. If you have assets that travel frequently or if it would reduce productivity for assets to be manually signed out at every use, these wireless technologies can automate the tracking process and give you highly accurate visibility without burdening staff. ConnectingBlox sells and supports a variety of wireless EAM components and can help determine if they are a wise investment for your business.