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Asset Operations Management (AOM)
Asset Operations Management unites maintenance, operations, and reliability data to help teams make important business decisions, with full visibility across the entire life cycle of maintenance, asset management, and operations. It’s the best of a CMMS, EAM, and APM solution all-in-one.
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 an Asset Operations Management solution that gives every Maintenance and Reliability team the tools and information they need to run Operations efficiently and effectively.
Modern companies make EAM processes more effective by using devices connected to the internet—or industrial internet of things (IIoT) devices. These tools, paired with AI and advanced analytics, collect data from connected equipment to help track and better understand each asset’s health, quality, and needs.
Enterprise asset management (EAM) is the combination of processes, software, and services a company uses to maintain its physical equipment. The goal of an EAM practice is to help maintenance teams maximize their assets for a more cost-effective operation—increasing equipment uptime, reducing unnecessary downtime, optimizing maintenance operations, and extending equipment lifetime.
With or without IIoT, EAM tools were born out of a need to manage and maximize the total cost of ownership of a company’s assets more efficiently. Businesses traditionally used other systems (e.g., CMMS, MRP, ERP, etc.) to address production and manufacturing issues. But these tools lacked the holistic capabilities of an EAM, which can manage an entire asset lifecycle from acquisition to decommissioning.
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Benefits of Our EAM Solution
Teams looking to optimize asset management and ROI rely on modern EAM software, which offers a variety of key advantages.
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 solutions are siloed, creating issues for maintenance, operations, and reliability teams that all need access to integrated data and insights. That’s why we developed the Evolve FM Asset Operations Management platform. By implementing the right EAM solution that focuses on AOM, maintenance, reliability, and operations teams can gain the insights and control they need to maximize their work. Evolve FM’s EAM capabilities offer an easy-to-use tool that ties everything together for a more efficient and effective operation. Grounded in managing asset life cycles, optimizing utilization, uncovering real-time performance data, and even automating preventive maintenance tasks, Evolve FM can help your business get a leg up against 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 various manufacturing sectors like automotive, aerospace, defense, electronics, industrial products, and consumer products, EAM systems seamlessly integrate with process management methodologies like Lean Six Sigma, enhancing overall operational efficiency and complementing product lifecycle management needs.
Healthcare
In healthcare, EAM solutions play a crucial role in handling the intricate interplay between facility and equipment readiness, encompassing asset tracking, locating critical assets, monitoring facility conditions, ensuring compliance with reporting requirements, and seamless integration with operational health information systems.
Universities & Schools
In schools and higher education institutions, EAM can streamline facility management by efficiently managing assets such as classrooms, laboratories, equipment, maintenance schedules, and technology infrastructure, enabling proactive maintenance planning, resource allocation, inventory management, work order tracking, and compliance with safety regulations, resulting in improved operational efficiency, reduced downtime, enhanced learning environments, optimized resource utilization, and cost savings for educational institutions.
Energy & Utilities
Efficient transmission and distribution of water, wastewater, gas, and electric power necessitates the utilization of EAM systems capable of managing linear assets like pipelines or powerlines, while also addressing intricate crew scheduling and incorporating geospatial data from remote assets.
Facility Management
In facility management, EAM can streamline the management of facilities by centralizing asset data, enabling preventive maintenance planning, tracking work orders, managing vendor contracts, monitoring facility conditions, and ensuring compliance with safety regulations, resulting in improved operational efficiency, reduced downtime, enhanced maintenance planning, increased tenant satisfaction, and optimized resource utilization for the facility management company.
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.