What is enterprise asset management?
Enterprise asset management (EAM) is the process of managing the maintenance and lifecycle of physical assets to plan and optimize their use, track maintenance activities, schedule replacement and even manage disposal. The process is essential to improving operational efficiency, minimizing risk, and reducing costs of equipment ownership.
EAM can technically be handled on paper, but most organizations with fleets of equipment and machinery, utilize specialized EAM software for efficient and effective EAM operations.
What does enterprise asset management software do?
Enterprise Asset Management software executes a variety of business functions:
Lifecycle Management:
- Design
- Purchase
- Construction
- Maintenance
- De-commission
Supply Chain Management
- Inventory management
- Forecasting demand
- Materials budget
- Purchasing & procurement
Pure EAM
- Reliability centered maintenance analysis
- Asset management
- Support compliance with industry standards
- Supportability optimization
- Information and reporting management
Monitoring
- IoT integrations
- Real-time virtual status
- Inventory tracking
- QR codes/ RFID Sensors
Maintenance Planning & Scheduling
- Preventative maintenance scheduling
- Predictive maintenance scheduling
- Human resource management
- Task & work order cycles & tracking
Newest on the Blog
Strengthening Global Collaboration with Japanese Industry Leaders Visit
Andromeda Systems Incorporated was honored to welcome a distinguished delegation of Japanese industry leaders to our U.S. headquarters. The visit marked an important milestone in strengthening international collaboration in defense, maintenance, and sustainment...
OptiAM Asset Management Interactive Webinar
October 15, 2025
Join us as we walk through real-world examples of how everyday users, plant managers, engineers, and maintenance crews, are using OptiAM® to make their jobs easier, safer, and more reliable.
EAM Software vs CMMS: What’s the Difference and Which is Right for You?
Choosing the right tools is essential for enhancing operational efficiency and prolonging the lifespan of your assets. Enterprise Asset Management (EAM) software and Computerized Maintenance Management Systems (CMMS) are widely used in asset-intensive industries....