EAM for Manufacturing

Find the right EAM tool to gain greater control of manufacturing processes and maintenance activities while maximizing the reliability of physical assets.

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Using EAM Software to Improve the Lifecycle Management of Manufacturing Assets

The UK’s manufacturing industry is growing year-on-year, today accounting for 45% of total UK exports. But, in order for manufacturers to reach the full potential of their operational growth, there are a number of factors that must be considered. These include controlling and reducing maintenance costs, improving the usable life of physical assets, streamlining workflow and maximising production efficiency.

All of which are achievable through the adoption of an Enterprise Asset Management (EAM) solution. In fact, EAM has already been adopted by a majority of the 81% of manufacturers who are ready to invest in new digital technology to boost their success within Industry 4.0.

Why Manufacturers Choose to Adopt EAM Tools

The advancement of digital technology used in business operations has enabled industries to increase the efficiency and productivity of their activities. Technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Software as a Service (SaaS) have all been key in pushing organizations into the fourth industrial revolution.

In terms of heavy machinery industries, such as construction and manufacturing, this technological advancement comes in the form of asset management and maintenance tools. In particular, Enterprise Asset Management Software.

EAM is an effective manufacturing maintenance software tool that gives plant owners, field technicians, and maintenance managers greater control over the performance of their expensive and complex assets. This allows for greater accountability and transparency of physical assets, making it possible to:

As well as being utilized by larger manufacturing enterprises, EAM tools are also being adopted by SMEs. This is due to the affordability and easy-to-use functionality of modern SaaS options. In fact, the implementation of EAM by SMEs is predicted to grow at a higher rate than that of large enterprises between 2019-2024.

Although there are other software solutions that offer effective maintenance management of assets, such as a Computerized Maintenance Management System (CMMS), Enterprise Resource Planning (ERP) and even Asset Management (AMS), EAM provides a more robust solution for manufacturers and their heavy assets.

Difference between EAM and CMMS software

For example, not only does EAM provide the right functionality to enhance maintenance activities, but it also considers the life cycle of each asset. As opposed to AMS, which focuses more on getting the best value-for-money from assets, not just maintaining them.

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Who Uses EAM Within a Manufacturing Operation

With the advancement of cloud-based tools, mobile applications, and affordable software packages, EAM is quickly becoming a widely-adopted solution for SMEs. But, typically, enterprise asset management software is better utilized by larger enterprises requiring performance data from their heavy physical assets across multiple sites and locations.

As an example, a large manufacturing organization that relies on the data gathered by its EAM systems is General Motors (GM). GM is one of the most globally-known vehicle manufacturers in the world, with over 140 locations worldwide and more than 40 million assets. Through tools such as RFID tracking, they are able to track each one of their assets and collect accurate performance data. Effectively building a data repository of the condition, location, and life expectancy of each asset.

Along with tools that benefit SME users, such as maintenance control and asset management, large enterprises will require more functionality. This helps to contribute further to business strategies while also tracking KPIs that relate directly to asset performance.

The need to collect detailed performance data is where an EAM system outperforms a more maintenance-focused tool such as CMMS. And, it’s within these larger manufacturing organisations that EAM software really shows its versatility, by offering features and access to multiple employees across various departments.

Manufacturing job roles that benefit from access to an EAM system include:

Other notable users of an EAM system throughout a large manufacturing enterprise include accountancy teams, reliability managers, facility managers, and safety supervisors.

Common Asset-Related Challenges Faced by Manufacturers

Without the use of maintenance and management software to produce a holistic view of the company’s entire fixed asset repository, a manufacturer’s operational productivity can begin to suffer.

There are three typical challenges that are common within the manufacturing industry today. They are:

  1. Expensive Reactive Maintenace Costs

    A reactive maintenance approach may seem like a feasible and cheaper solution, especially while equipment is still in working condition. But, problems will start to appear when machines and other valuable equipment begin to break down and falter.

    Among challenges such as the shorter usable life of assets and safety concerns, reactive maintenance can be damaging to a manufacturer’s bottom line in a number of ways. For example, through experiencing unplanned downtime of a machine that is critical for production, operations will be delayed, reputations will be damaged and revenue will be impacted.

    An alternative approach that is achieved through collecting asset life cycle data and storing it in a centralised EAM system, is preventive maintenance. This is the process of regularly servicing equipment to reduce the likelihood of failure. This type of maintenance is built by maintenance managers and performed while equipment is still in working order, effectively reducing machine downtime by 30%-50%.

  2. Unplanned Downtime of Production-Critical Equipment

    The downtime of equipment can wreak havoc on a company’s ability to manufacture goods and create revenue. In fact, in 2016 alone, US manufacturers faced a loss of up to $260,000 per hour through unplanned downtime. While another study found that a company’s ageing equipment was the leading cause of unplanned downtime incidents in the workplace.

    Downtime becomes an issue for manufacturers when assets are left unchecked and unserviced. Without collecting the right performance data throughout an asset’s life cycle, from procurement to disposal, businesses run the risk of operating in a reactive maintenance approach. Effectively increasing the risk of downtime and unavailability of essential machines.

    Experiencing unplanned downtime of mission-critical equipment is dangerous for manufacturers

  3. Poor Inventory and Spare Parts Management

    The procurement of inventory is an important factor in keeping machines in optimal working condition. Therefore, it’s important that there is an effective and automated inventory procurement plan in place.

    Without a plan for the acquisition of spare parts, the cost of inventory can begin to rise and eventually become unmanageable. This is especially true if you’re tracking inventory spending on formats such as spreadsheets. By not keeping track of inventory and underestimating the spare parts needed for maintenance, problems can occur.

    For instance, if you’re working within a reactive maintenance approach, the repair time for a faulty machine will be delayed if the right spare part isn’t in stock. This then puts the repair process back and ultimately incurs more unplanned costly downtime.

Typical Features Offered by an EAM Tool

Utilizing maintenance management with EAM software is essential for manufacturers looking to reach their maximum production potential. But, to demonstrate its robust approach and to set it apart from solutions such as CMMS and EPR, there are many other valuable functions. Such as:

How to Find the Best EAM for Manufacturing

To maximize and extend the useful life of manufacturing equipment, reduce maintenance expenditures, gain greater control of inventory, and achieve a complete holistic view of assets across your manufacturing processes, you need Enterprise Asset Management Software.

Regardless of your role in production or how big your operations are, you need to manage your mission-critical assets.

And, thanks to cloud-based solutions and SaaS options, EAM for manufacturing is more popular than ever among SMEs and large enterprises.

Looking for EAM Software?

Find the best manufacturing asset management solutions. For FREE.

Find EAM Software »