EAM vs. CMMS: Which Is Ideal for Your Business?

EAM vs. CMMS: Which Is Ideal for Your Business?

asset management

asset managementEnterprise Asset Management (EAM) and Computerised Maintenance Management Systems (CMMS) are both beneficial for businesses in the industrial, mining, and manufacturing industry. These help improve your operations, so everybody can work to their full capacity.

Every EAM is applicable as a CMMS, but not all CMMS has the functionality of an EAM, according to a white paper shared by IFS. It’s ideal to know which application to use, so you can bring your business a step further to success.

What Is EAM?

EAM applications see maintenance operations as a business unit not a cost-friendly liability. These don’t only help you reduce costs, but also help improve business procedures in terms of competitiveness and productivity. It’s responsible for the overall growth of your business.

Mainpac.com.au noted that this asset management organises the physical and fiscal information of your business into a single platform. It supports management procedures, such as assigning, receiving, and organizing assets. It monitors where the assets are and who has them on at a certain point. This provides detailed information on how your business doing, if it’s meeting expectations or not.

What Is CMMS?

CMMS is a part of an EAM system. It’s responsible for automating schedules, controlling work inventories, and creating and developing asset-tracking databases that can deliver maintenance expenses and management reports. It promotes workplace efficiency, so you can reduce costs.

This system monitors the expenses and maintenance activities of every tool you have. It includes general information about the equipment, the type of malfunctions that took place, how technicians solved such malfunctions, and the number of times malfunctions occurred. It focuses primarily on the well-being of everything that your business uses to continue its operations.

The choice between an EAM and CMMS depends on the performance you want for your business. Decide what part of your operations need help the most, so you can improve and satisfy your clients better.