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Asset Operations Management
(AOM)
Asset Operations Management integrates data from maintenance, operations, and reliability to assist teams in making crucial business decisions, providing comprehensive visibility throughout the complete lifecycle of maintenance, asset management, and operations. It combines the advantages of a CMMS, EAM, and APM solution into a single platform.
90%
Reduction in technician time spent filing work orders and locating asset information
315%
Return on Investment
$638K
Savings from avoided production downtime
What is EAM?
Evolve FM is a solution for Asset Operations Management that provides Maintenance and Reliability teams with the necessary tools and data to operate efficiently and effectively.
Modern companies enhance their EAM procedures by utilizing internet-connected devices, commonly referred to as industrial internet of things (IIoT) devices. These instruments, combined with artificial intelligence and sophisticated analytics, gather data from interconnected machinery to assist in monitoring and gaining deeper insights into the condition, quality, and requirements of each asset.
Enterprise asset management (EAM) involves the integration of processes, software, and services utilized by a company to manage its physical assets. The objective of an EAM strategy is to assist maintenance teams in optimizing their assets for a more economical operation—enhancing equipment availability, minimizing avoidable downtime, streamlining maintenance activities, and prolonging the lifespan of equipment.
With or without IIoT, EAM tools emerged from the necessity to more effectively oversee and optimize the total cost of ownership for a company’s assets. Traditionally, businesses relied on other systems (such as CMMS, MRP, ERP, etc.) to tackle production and manufacturing challenges. However, these systems fell short of the comprehensive features that EAM offers, which can handle the entire lifecycle of an asset from its acquisition to its decommissioning.
Benefits of Our EAM Solution
Organizations aiming to enhance asset management and return on investment depend on modern EAM software, which provides several important benefits.
Improve efficiency and increase productivity
Increase uptime, extend your asset lifetime, and improve overall quality by automating routine maintenance activities.
Enterprise reporting
Glean high-level insights into each facility, even how facilities compare, for intelligent decision making.
Never worry about your data
Never worry about losing the data that drives your business intelligence, as it’s securely backed up daily on the cloud.
Asset Management for Equipment That You Can Count On With Customer-Proven ROI
Bring cost and revenue to the forefront under one umbrella to look past WHAT teams are doing to the impact they are making.
Increase in preventative work to avoid production downtime
It’s More Than a Traditional EAM Software — It’s an Asset Operations Management (AOM)
Traditional CMMS, EAM, and APM systems operate in isolation, resulting in challenges for maintenance, operations, and reliability teams that all require access to unified data and insights. Therefore, we created the Evolve FM Asset Operations Management platform. By deploying the appropriate EAM solution that emphasizes AOM, maintenance, reliability, and operations teams can acquire the insights and control necessary to enhance their efforts. Evolve FM’s EAM features provide a user-friendly tool that integrates everything for a more streamlined and effective operation. Focused on managing asset life cycles, optimizing utilization, revealing real-time performance data, and even automating preventive maintenance tasks, Evolve FM can assist your organization in gaining an advantage over competitors.
Drive reporting and analytics
Mine detailed data on each interaction to enhance performance.
Optimize resources
Free up technicians from manual work so they can focus on critical issues.
Reduce parts costs
Gain visibility into how many parts you actually need in inventory, and boost your free cash flow.
Decrease downtime
Companies that have implemented Asset Operations Management see a 10% to 40% reduction in unplanned downtime.
Leverage automation
Automate maintenance and asset management using workflow automation.
Streamline work management
Automatically load-balance tasks based on existing volume, without losing work orders.
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EAM Software Use Case By Industry
Manufacturing & Plants
In different manufacturing industries such as automotive, aerospace, defense, electronics, industrial goods, and consumer goods, EAM systems work smoothly with process management approaches like Lean Six Sigma, improving overall operational effectiveness and supporting product lifecycle management requirements.
Healthcare
In the healthcare sector, EAM solutions are essential for managing the complex relationships between facility and equipment preparedness, which includes tracking assets, locating vital equipment, overseeing facility conditions, meeting compliance reporting obligations, and integrating smoothly with operational health information systems.
Universities & Schools
In schools and higher education institutions, Enterprise Asset Management (EAM) can enhance facility management by effectively overseeing assets like classrooms, laboratories, equipment, maintenance timelines, and technology systems. This allows for proactive maintenance planning, better resource distribution, inventory oversight, work order monitoring, and adherence to safety standards, leading to increased operational efficiency, decreased downtime, improved learning environments, optimized resource use, and cost reductions for schools and universities.
Energy & Utilities
The effective conveyance and distribution of water, wastewater, gas, and electricity require the use of EAM systems that can oversee linear assets such as pipelines and power lines, while also tackling complex crew scheduling and integrating geospatial information from remote resources.
Facility Management
In facility management, Enterprise Asset Management (EAM) can simplify the handling of facilities by consolidating asset information, facilitating the scheduling of preventive maintenance, overseeing work requests, managing vendor agreements, tracking facility conditions, and assuring adherence to safety standards. This leads to greater operational efficiency, decreased downtime, better maintenance organization, heightened tenant satisfaction, and improved resource allocation for the facility management firm.
FAQs About Evolve FM’s EAM Software
Why Is EAM Software Important?
Organizations have hundreds (if not thousands) of assets, including manufacturing equipment, transportation fleets, pipelines, and machinery, to name a few. Maintenance teams must maintain these investments correctly to extend asset lifetime and maximize value.
This supervision involves tracking and managing numerous moving pieces throughout each asset’s life cycle. Teams that lack the proper tools and processes often struggle to maintain their efficiency, productivity, and the quality and dependability of their equipment.
EAM software improves asset reliability, increases operational efficiency, reduces downtime, optimizes maintenance planning, and increases asset lifespan.
What features should I look for when selecting an EAM software solution?
When choosing an EAM software, consider features like:
asset tracking
maintenance management
work order management
preventive maintenance scheduling
asset performance analytics
mobile accessibility
integration capabilities
reporting and analytics
As an asset operations management platform, Evolve FM’s EAM solution provides each of these features.
Is EAM software suitable for small and medium-sized businesses (SMBs), or is it mainly targeted at large enterprises?
EAM software is suitable for organizations of all sizes. Many vendors offer solutions tailored to the needs and budgets of SMBs, allowing them to effectively manage their assets, increase efficiency, and achieve better returns on investment.
How does EAM software support compliance with regulatory requirements and standards?
EAM software helps organizations comply with regulatory standards by enabling documentation and adherence to maintenance protocols, generating audit trails, providing real-time asset data, ensuring safety compliance, and supporting asset-related reporting and documentation.
Is cloud-based or on-premises EAM software better?
The choice between cloud-based and on-premises EAM software depends on factors such as budget, IT infrastructure, data security requirements, and scalability needs. Cloud-based solutions offer flexibility, accessibility, and scalability, while on-premises solutions provide more control over data and infrastructure.
How is EAM Software Different Than CMMS Software?
EAM software and CMMS software have different focuses and scopes. EAM software encompasses a broader range of asset management functions beyond maintenance management, including acquisition, operation, and disposal, while CMMS software is primarily geared towards maintenance activities.
EAM software provides comprehensive asset management capabilities, including asset tracking, performance monitoring, and strategic decision-making based on asset data and analytics, whereas CMMS software is more focused on day-to-day maintenance tasks like work order management and preventive maintenance scheduling.
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Using Evolve FM’s comprehensive Facility Management Platform, you can create the perfect workplace experience for every employee and achieve unparalleled time to value. Allow our specialists to assist you in transforming your digital workplace.