Why enterprise asset management must evolve into asset performance management

Regardless of size or industry, asset-intensive organizations are always looking to do more with less. That means finding ways to extend asset life to minimize costs, while performing the right maintenance at the right moment to avoid downtime. An EAM system enables organizations to capture the asset condition correctly and maintain a system of record so they can focus on doing the right things to maintain the asset. EAM and CMMS also manage work orders for each maintenance event to ensure proper procedures are followed.