TEC 2013 EAM/CMMS Market Survey Report: What Organizations Want in Enterprise Asset Management and Computerized Maintenance Management System Software

This report gives an overview of current considerations for organizations seeking to purchase an EAM/CMMS solution. Based on data collected from EAM/CMMS software comparisons performed using Technology Evaluation Centers’ (TEC’s) TEC Advisor software selection application during 2012, the report details what TEC data reveals about your peers' requirements for EAM/CMMS solutions, including functionalities, delivery models and access, customization and integration, server and database platforms, and budgeting.

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About This Report 

This report is based on aggregate data collected from 280 EAM/CMMS software comparisons performed using Technology Evaluation Centers' (TE C's} TEC Advisor software selection application during 2012. TEC Advisor contains detailed information about product capabilities: for a wide variety of enterprise software solutions, including EAM/CMMS solutions.

Using TEC Advisor, business decision makers can define their companies' high-level EAM/CMMS software requirements in order to identify a working list of s-ol utions to evaluate in depth. They can then compare how, and how well, different solutions support their requirements.
 

The Value of Peer Assessment 

Although each organization has its own unique EAM/CMMS requirements, it's useful to consider what other companies are seeking in terms of features, pricing, and specific technical and methodological considerations.

Studying what your peers and competitors: are looking for in an EAM/CMMS solution can help you develop an understanding of what EAM/CMMS software vendors offer, what other companies have identified as important requirements, and what might be a good fit for your own organization.
 

Start Your Own EAM/CMMS Selection Project with TEC Advisor

You can use TEC Advisor to perform your own in-depth EAM/CMMS selection project. Using TEC Advisor you can see how well more than 30 EAM/CMMS solutions address your company's unique business needs.

To start your TEC Advisor EAM/CMMS selection project, visit this link.

Why EAM/CMMS?

Entreprise asset management systems typically enable the planning, controlling, and monitoring of assets and events. Assets may be either physical, information technology (IT), or digital. This knowledge base includes criteria for comparing general computerized maintenance mangement system (CMMS) functionality, fleet maintenance, workflow, reporting, and other areas that are necessary to support asset management practices.

In order to properly manage large volumes of assets across an organization, a company needs a system that will, for each asset, provide detailed definitions of the asset, the ability to track the condition of the asset, track inspections, and identify and manage the work that needs to be performed on the asset.

Computerized maintenance management capabilities of a system include creating and managing work orders for assets, scheduling preventative maintenance, tracking complete history of assets including calibration, and providing for the full management of the maintenance associated with vehicles and similar assets. 
 
Some benefits of EAM/CMMS systems include:
 
  • lifecycle tracking of physical assets-knowing exactly where an asset is and its disposition;
  • the ability to manage facility and physical asset maintenance paperlessly; and
  • the ability to ensure that all assets have been calibrated and maintained appropriately.
Thus, organizations without effective EAM/CMMS software run the risks of being unable to provide a full account of all physical assets owned; not being able to properly schedule maintenance of physical assets; and having no method for determining how many IT assets (computers and software licenses) need upgrading or replacement.

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Featured Software Research:

CMMS vs EAM: What Is the Difference?

  • Source: IFS
  • Written By:
  • Published:
Every enterprise asset management (EAM) application can be used as a computerized maintenance management system (CMMS), but not every CMMS can be used as, or has the broad functionality of, an EAM application. More specifically, CMMS is essentially about managing maintenance work necessary to sustain an asset, whereas EAM has more to do with managing the asset over its lifecycle to minimize cost and risk while maximizing return. This white paper explores how CMMS applications and EAM applications... Read More

DPAS Ratings and Selecting ERP for Aerospace and Defense

  • Source: IFS
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Defense Priorities and Allocations System (DPAS) ratings are driven by regulation, but can be turned into a competitive advantage in the market for an aerospace and defense contractor or manufacturer running the right software. Selecting the right enterprise resource planning (ERP), enterprise asset management (EAM)), and other enterprise software is a challenge, and this white paper contains tips for a successful selection. Read More

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