Enterprise Asset Management (EAM)
Definition - What does Enterprise Asset Management (EAM) mean?
Enterprise Asset Management (EAM) is the management of the assets of an enterprise across departments, facilities, business units and geographical locations. EAM integrates techniques for holistic control and optimization throughout asset life cycles, including design, commissioning, operations and replacement.
Techopedia explains Enterprise Asset Management (EAM)
EAM is categorized as follows:
In summary, EAM is geared toward the following results:
- Physical asset and infrastructure management
- IT service management
- Digital asset (electronic media and content) management
- Fixed asset management and accounting
- Emerging asset management
In summary, EAM is geared toward the following results:
- Maximized ROA
- Reduced costs and risks
- Improved asset decision making
- Compliance with required regulations
- Increased asset service responses and enhanced efficiency
- Lowered TCO
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