Enterprise Asset Management

Elevate Efficiency, Maximize Value: Master Your Assets with Merino EAM Consulting

Our Expertise

Enterprise Asset Management Consulting & Implementation

Managing an asset’s lifecycle is no less than an art. Now you have a great possibility to optimize the asset's life to the maximum, and it may be beyond your expectation.

Enterprise Asset Management (EAM) is much more than preventive maintenance. More precisely, it refers to the complete Lifecycle Management of an organization's physical assets. Modern Enterprise Asset Management software, such as EAM, enables maximum benefits by providing unparalleled capability for cost-effective, asset-intensive, and performance-oriented maintenance operations.

It enhances productivity with workflows, alerts, role-based dashboards, and fully-integrated collaboration tools. EAM makes use of advanced analytic tools and IoT data to enhance operational availability and diminish risk. Information technology leaders may use EAM to leverage high-value physical assets with complete visibility to control and optimize performance.

The system helps businesses digitize and optimize maintenance operations and attain a new level of efficiency. In fact, modern EAM is designed to cater to unique industry challenges and scale as soon as your business grows. Users may even access EAM on the go due to its advanced mobility features.

A great feature of Enterprise Asset Management software is that it is easy to integrate with several other systems such as ERP, Financials, CRM, MES, SCADA, and the like. EAM integration with other software systems saves time and money by optimizing maintenance resources, improving equipment and staff productivity, increasing inventory efficiency, and reducing related operational costs. Thus, businesses can be in better shape to make calculated decisions while improving future asset performance and profitability.

Key Features

Track, locate, and analyze physical assets.
Manage work orders for preventive maintenance and scheduling.
Retain records in compliance with service level agreements, labor regulations, and accounting requirements.
Use built-in CAD capabilities to locate assets, display related data, and run graphical queries to evaluate asset data and work order conditions.
EAM's barcoding ability enables it to feature one-step barcode label, design label templates, print job(s) templates, and batch barcode label printing on a print server.

Challenges related to EAM (Enterprise Asset Management) include

Asset Data Accuracy

Ensuring that asset information such as location, maintenance history, and condition is accurate and up-to-date can be a challenge, especially for organizations with large and diverse asset portfolios.

Asset Tracking and Visibility

Maintaining real-time visibility into the location, status, and usage of assets across different locations and departments can be difficult, leading to inefficiencies and underutilization of assets.

Predictive Maintenance Implementation

Implementing predictive maintenance strategies based on data analytics and IoT sensors can be challenging, requiring organizations to overcome technical, cultural, and organizational barriers.

Integration Issues

Integrating EAM systems with IoT sensors, SCADA systems, ERP systems, and other enterprise systems can be complex, requiring robust data integration capabilities and interoperability standards.

Change Management

Implementing EAM systems often requires significant changes in workflows, processes, and organizational culture, which can be challenging to manage and may face resistance from stakeholders.

Data Security and Compliance

Ensuring the security and confidentiality of asset data, especially sensitive information such as maintenance records and equipment specifications, is critical for compliance with regulations and protecting against cybersecurity threats.

Scalability

Scaling EAM systems to accommodate growing asset portfolios and changing business needs while maintaining performance and reliability can be challenging, requiring careful planning and investment in infrastructure.

User Adoption

Encouraging widespread adoption of EAM systems among maintenance technicians, operators, and other end-users can be difficult, especially if the system is perceived as complex or difficult to use.

Performance Optimization

Continuously optimizing asset performance, reliability, and availability to maximize uptime and minimize downtime can be challenging, requiring ongoing monitoring, analysis, and improvement initiatives.

Cost Management

Managing the total cost of ownership (TCO) of assets and optimizing maintenance spending while ensuring asset reliability and performance is a complex challenge that requires balancing competing priorities.