The main goal of maintenance is to increase equipment availability and minimize failure. The most common types of maintenance are Preventive Maintenance, Corrective Maintenance, and Emergency maintenance. Every maintenance includes a cost to it. i.e., price of the part/item replaces or repair, cost of the labor, service cost, etc.
Maintenance efficiency indicates the upkeep effort required to deliver required performance from the equipment. Keeping track of asset life cycle and maintenance history is extremely difficult without a dedicated system. Enterprise Asset Management, popularly known as EAM, is software system that helps manage the complete life cycle of assets/equipment.
With EAM, technology has given a better way of managing, monitoring, and maintaining assets throughout their lifecycle to extend asset lifespan, decrease costs and optimize the standard, efficiency and safety.
With an efficient EAM system in place, all the aforesaid activities can be easily managed and automated to a such an extent that a it reduces manual intervention at critical times.
Do you want to learn more about Asset performance optimization and implement an efficient EAM system? Talk to one of our asset management experts today!