No longer is Enterprise Asset Management a mere conference room buzzword; it’s a necessity of the time. Make no mistake about it, companies that adopt sound EAM practices in today’s fast-paced world enjoy a strategic advantage over their direct rivals.
By regulating maintenance records and actively tracking essential commodities, companies can prolong the life expectancy of their assets and schedule maintenance cycles at optimum times. Doing so helps companies increase their profits and can even see them through times of financial turmoil.
Unfortunately, most organizations don’t know the first thing about EAM and rely on ineffective practices that do more harm than good. To help them out, we’ve compiled a simple guide that sheds more light on the complicated topic of Enterprise Asset Management. We’re confident that this list of do(s) and don’t(s) will help you revamp your EAM practices.
DO – Define Your Critical Services:
By far the most important element of effective enterprise asset management is identifying products the products and/or services that are critical to your success in the open market. We believe that when a company is aware of its crucial assets, it can regulate its resources to enhance their life.
The ability to extend the life of crucial assets pays dividends in the long run as it allows you to accommodate the growing needs of your business. Furthermore, because you don’t have to invest heavily in new machinery, you stand to save thousands (if not millions) of dollars!
DON’T – Forget to Integrate EAM with Current Enterprise Solutions:
A common misconception about EAM is that it’s the be all and end all of asset management techniques. This simply isn’t the case because enterprise asset management doesn’t govern some critical elements like the flow of information, and workforce communication channels, etc.
Therefore, a much better practice is to integrate Enterprise Asset Management with your existing enterprise solutions. Doing so will not only result in a more comprehensive approach to asset management, but will also give you access to intelligent data in real-time!
DO – Emphasize On Process Workflows:
By far the most effective way to guarantee a high Return On Investment (ROI) from your EAM solution is by complementing it with end-user training. By training your team on process workflows, not only can you improve the productivity of your workforce, but you can also help them improve their adoption rates. So, any way you look at it, it’s a win-win!
DON’T – Forget About Mobile EAM Services:
Simply put, mobile EAM services are of the utmost importance these days. Robust applications make it easier for your managers and team leaders to view, analyze, and (if needed) change maintenance cycles. This gives your workforce the freedom to act on a real-time basis without having to go through the proper channels and is known to increase the life of assets.
If you want reliable and cost-effective mobile enterprise asset management (EAM) solutions, we at Crave InfoTech would love to help. We’ve been closely associated with SAP since 2007 and provide our clients with efficient SAP Mobile EAM and SAP mobile Inventory and Warehouse Management services.
For more information about how you stand to benefit from our amazing mobile EAM solutions, get in touch with us today!