The benefits case for enterprise asset management (EAM) has been used to justify huge sums in EAM investment. But to understand this reasoning, it is necessary to explore how asset data can be used to further the aims of maintenance.
appears to be a logical approach for problems relating to asset performance, and using this approach companies do, of course, achieve results. The implementation of these products, when bought for these reasons, often focuses on optimizing processes to capture the dynamic data on asset failures, which is then used throughout the system. Maintain, repair, and overhaul (MRO)-style inventory management algorithms, for example, use this information as one of the key inputs to determine minimum stocking