Enterprise Asset Management system (EAM)

An Enterprise Asset Management system is designed to provide integrated automation of business processes of operation, maintenance and repair of capital assets.

The system provides the following core functions:

• Building a single equipment and equipment maintenance reference data base;
• Scheduling equipment and plant maintenance and repairs (PM), PM quota agreement, generating the PM budget.
• Carrying out the application campaign;
• Monitoring of equipment and plant maintenance and repairs processes;
• Actual cost accounting by sites and actions;
• Registration of core equipment events (breakdowns, idle time);
• Determining required maintenance actions based on automatic process control system data;
• Arranging transmission of the required information to the ERP system;
• Enabling analysis of PM data and generation of corporate reports.

Global experience of using EAM systems shows that EAM systems yield extremely high returns. Typical benefits of using EAM systems are:

• Less labor-intensive asset management processes;
• Increased availability of equipment, extended service life;
• Coordinated scheduling of equipment repairs and decreased repair periods;
• Increased productivity of maintenance staff;
• Optimized application campaign costs, reduced warehouse inventory;
• Cost analysis and analysis of equipment operability assurance efficiency at enterprise units.