Overview
Enterprise Asset Management (EAM) is a comprehensive approach to managing the entire lifecycle of physical assets, from acquisition to disposal, within an organization. It encompasses a wide range of processes and technologies designed to optimize asset performance, minimize costs, extend asset lifespan, and improve overall operational efficiency. EAM systems typically integrate various functions such as maintenance management (preventive, predictive, and corrective), inventory management, procurement, work order management, and financial tracking, providing a holistic view of an organization's assets and enabling data-driven decision-making to maximize their value.
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