FX EAM (Enterprise Asset Management)
What is Enterprise Asset Management?
Field service companies are asset-intensive, and they rely on these assets to stay operational, which is why enterprise asset management (EAM) is critical to their success. Providing process and intelligence for physical assets allows for increased equipment reliability, systematic preventive and predictive maintenance, and efficient inventory management.
Enterprise asset management allows field service companies to move from costly reactive maintenance to preventive maintenance, allowing these organizations to decrease equipment downtime, save money, and ensure longer asset life. Some of the additional benefits of a strategic asset management system are:
- Maximum equipment utilization
- Improved reliability
- Lower asset maintenance costs
- Better inventory management
- Ability to measure asset KPIs
- Transparent cost forecasting
- Increased equipment safety