Enterprise Asset Management a full name for EAM as it is clear from the name is the system for company’s physical asset management and maintenance. EAM systems are used in organizations with complex and expensive equipment operation. The system itself aims to improve asset’s operation, maximize its use and increase their profit.
EAM system is an extension to CMMS system (Computerized Maintenance Management Software).
- Oil & Gas
The core EAM functions are:
- Asset condition monitoring
- Planning and scheduling
- Work orders management
- Safety management
- Materials Management.
Enterprise Resource Planning a full name for ERP, is a system that helps to integrate main company’s business areas in a single system. Thus, all the data is stored in a single database and is easily accessible by different departments.
The system consists of modules, which correspond the primarily business areas or department. Their number may vary, however, the basic ERP modules usually are:
- Supply chain management
EAM and ERP comparison
To better understand the core distinctive feature of EAM and ERP systems, let’s try to figure out what for they were made.
|EAM in its turn was made to manage and maintain assets condition and prolong its operation. The system will support physical asset’s and their component at every step, tracking their real time status, scheduling their repairs and work orders.|
ERP system was initially created to manage and support financial, HR, sales sectors of organization. They also can cover processes connected with assets costs. However, in comparison with EAM system, ERP doesn’t have such functions as assets maintenance and condition monitoring. Thus, their focus lies on company’s internal operation
EAM vs ERP
While these two types of business software may seem similar, they offer very different capabilities. Here is a brief breakdown of the differences:
Let’s users monitor individual parts or asset condition in order to perform predictive maintenance
Manufacturing and Distribution
It all comes down to one simple conclusion: The core difference between ERP and EAM systems is that they manage different organization’s areas.
So Partners or Competitors