Transforming Your Manufacturing Operations with EAM

Discover how by utilising EAM software, you can gain greater control of your manufacturing processes and maintenance activities while maximising the efficiency and reliability of your physical assets.

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The benefits of implementing EAM solutions in your manufacturing organisation

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 this guide, we explore the benefits of implementing EAM for manufacturing operations of both small enterprises (SMEs) and large enterprises. As well as understanding why 81% of manufacturers are ready to invest in new digital technology to boost their success within Industry 4.0. Here’re the topics we’ll cover:

Why manufacturers need EAM software for manufacturing

Why manufacturers are choosing to adopt EAM software

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 organisations into the fourth industrial revolution.

In terms of heavy machinery industries, such as construction and manufacturing, this technological evolution 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 utilised by larger manufacturing enterprises, EAM systems 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 Computerised Maintenance Management System (CMMS software), Enterprise Resource Planning (ERP) and even Asset Management (AMS), EAM provides a more robust solution for manufacturers and their heavy assets.

For example, not only does EAM provide the right functionality to enhance maintenance activities, 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.

Difference between EAM and CMMS software

Who uses EAM within a manufacturing structure?

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 utilised by larger enterprises requiring performance data from their heavy physical assets across multiple sites and locations.

For 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 technology such as RFID, 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 their business strategy while 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

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:

Typical functionality of a manufacturing EAM system

Typical functionality of a manufacturing EAM system

Utilising 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:

Maintenance management

Primarily, an EAM solution is implemented into a manufacturer’s production line with maintenance management in mind. The ability to take control of and better manage the maintenance activities of mission-critical machinery and equipment has many benefits, including:

Asset management & tracking

The ability to track and manage physical assets across multiple locations is an essential part of enterprise asset management. By using various technologies, managers are able to:

Inventory management

Manufacturers can benefit from both cost and time efficiency by utilising inventory management. Whether it is being conducted by an SME owner or an inventory manager, the benefits of managing inventory include:

Work order management

As maintenance functions are carried out on machines and equipment, managers will require each detail to be recorded. This helps to communicate important data between operators and technicians. This is where effective work order management can be utilised. The functionality of work order management allows managers to:

Safety & compliance

An important part of any manufacturing plant is to ensure safety throughout the workplace. Safety operations are usually carried out by safety supervisors or maintenance managers. Their job is to make sure equipment is in correct working order and compliant with industry regulations. The safety and compliance functions of an EAM system allows manufacturers to:

Finding the best EAM software that suits your manufacturing operations

To maximise and extend the usable life of equipment, reduce maintenance expenditures, gain greater control of inventory procurement, and achieve a complete holistic view of assets across your manufacturing processes, you need enterprise asset management software.

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

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

To find the right manufacturing maintenance software tool that matches your asset management and maintenance requirements, check out our buyer’s guide to choosing the best EAM software and start your free software search today.

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