To control assets and equipment, Enterprise Asset Management (EAM) combines systems, services, and software. The goal is to maximized asset usage for improved production and cost control. The term "enterprise" refers to assets across departments that support the bottom line for operations such as procurement, inventory, and human resources.EAM, in theory, optimizes asset management across the asset lifecycle, manages productivity, and lowers the operational bottom line. The idea is to gain a more complete picture of goals and objectives by taking into consideration worker skills, HR activities, and asset information. Asset management, supply chain management, and work management are all common components of EAM. While EAM and computerized maintenance management systems (CMMS) are frequently used interchangeably, they differ in their centralized approach to the maintenance management process. EAM maintains assets and provides assistance. Their performance from beginning to end, including work orders, inventory, associated documentation, and possible maintenance.
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