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Enterprise Asset Management (EAM) system should be the platform that brings the financial and operational information of equipment and other enterprise assets into one place. It needs to meet certain technical requirements. Specifically, it needs to be Extendable, Flexible, and Mobile.

The Flexible, Extendable, and Mobile framework will ensure that the organizations achieve the objectives of asset management:

  • Connect with other systems (owned by different department), share data and business processes, to achieve organizational support and coordinate planning
  • Generate customer reports easily to support the monitoring of key performance metrics as agreed to by the organization
  • Leverage the mobile technology to improve asset performance and facilitate sharing of information in all computing platforms, to further gain organizational buy-in

You also may want to check out our blog, “The Intelligent Asset Manager,” for helpful tips to help optimize your asset life cycle management.