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Title:Changes in Asset Management
Category:Blogs: Business
Description:The role of physical asset management has changed over the years. At one time, asset management was nothing more than a few maintenance workers that were on call to repair equipment, keep assets looking good and handle some simple preventive maintenance tasks such as changing air filters on A/C units or lubricating mechanical parts. Now asset management has evolved into a function that is involved from the planning stage through the end of the assets useful lifecycle. The benefits of good asset management may be the difference between an organization├óÔé¼Ôäós survival and business failure. With unemployment near an all time high in many parts of the country it makes sense to have the tools to be able to do more with the same amount of resources. The tool of choice for better asset management is an Enterprise Asset Management (EAM) system. Benefits of Asset Management with an EAM System The benefits of an EAM solution for asset management include: ├óÔé¼┬ó The extension of the useful lifecycle of assets as well maintained assets last long. ├óÔé¼┬ó Optimized equipment uses less energy than poorly maintained machines thereby cutting energy costs through an organization. ├óÔé¼┬ó When proper asset and maintenance management is performed there are fewer emergency repairs. ├óÔé¼┬ó Document handling and storage is made more efficient by lowering the time and costs it takes to retrieve or copy documents. It also eliminates lost documentation problems. ├óÔé¼┬ó The ability to establish standard operating procedures based upon the work history that is collected for each work order completed. Asset management is more than just making sure all assets have proper and planned maintenance. When asset management is done correctly the entire organization will benefit.
Link Owner:jeanshean
ID: 5098