As a maintenance head or facilities manager of an enterprise, the top priority would be to reduce equipment breakdowns and increase the lifecycle of all your critical assets. Choosing the ideal software to help you implement the best practices in maintaining the assets easily is imperative to achieving your goals. Since assets are critical to the success of any business, you need to ensure that breakdowns are prevented to increase return on investment.
In your quest for the best asset and maintenance management software, you are most likely to come across the terms EAM and CMMS. Or, if you have already implemented CMMS, you may want to explore what EAM offers.
CMMS is a subset of EAM with overlapping features & functions and is not very different. EAM is a more comprehensive asset management tool that covers much more than preventive and breakdown maintenance.
In today’s scenario, you need a fully automated, future-proof, asset management solution that yields better results. However, choosing a tool that is too much for your team to handle, can result in failed or poor implementations leading to a waste of time, resources, and money.
So, it is of great importance to understand the differences between these tools to make the right choice. This article will guide you in deciding whether to stick with your existing CMMS or upgrade to an Enterprise Asset Management Solution if you are already using one.
It could be that your current maintenance management software does not meet modern requirements, and there could be a limitation to the availability of features, customization limitations, high maintenance costs, etc. If this is so, it is time for you to upgrade to EAM. But if the current CMMS is matching your requirements and requires a few upgrades/modifications, you can upgrade it or look out for a better CMMS software in the market.
First, let’s delve into CMMS and its features and compare them with EAM before we compare one with the other.