Enterprise Asset Management

Written by Nicholas Kamuda
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Critical to the success of many RCM plans is enterprise asset management skills. The art of enterprise asset management is in streamlining asset organization using a holistic approach to production. By examining the chain of production, and how different decisions may affect many different aspects of a business, management teams can craft clear management strategies and operational plans.

When designing and implementing RCM processes, physical asset management teams must examine all of the causes of every possible failure mode. For some assets, the number of failure modes can range in the thousands. By using enterprise asset management techniques, however, RCM teams can methodically examine all of the effects that failures may have, helping them produce a complete set of maintenance guidelines for a modern business.

Digital Enterprise Asset Management

Enterprise asset management is an organizational methodology that lends itself very well to software. Many companies produce EAM software, most of which uses a variation on database structure. Moreover, EAM methodology works well for organizing resource assets, personnel, and skill sets, not just physical assets.

EAM ideas can work in a variety of settings, including in business practices that are built on a digital core. By implementing EAM strategies into Internet-based businesses, management teams can insure optimization of information and workflow. By organizing the production and distribution of services based on existing assets, EAM allows businesses to fully maximize their potential.

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