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Published on: September 04, 2007
Type of content: WHITE PAPER
Format: Adobe Acrobat (.pdf) (168 kb)
Length: 4 pages
Price: FREE

Overview:
The success of an asset-intensive company, and ultimately the bottom line, is dependent on the effectiveness of its maintenance strategy. In today’s competitive business environment, maintenance strategies can no longer be focused only on preventing failures, they need to take into account a multitude of challenges brought about by increasing legal, environmental and social requirements. These demands have led many asset-intensive organizations to re-examine their way of working, their priorities, and the type of solutions that will support their needs and enable them to be successful in tomorrow’s economy. Asset intensive companies are placing more emphasis on having integrated maintenance solutions that link maintenance with the other departments in the company.

There are several reasons for this: the need for more agility to combat global competition; the pressure to achieve the highest level of productivity at the lowest cost; and the introduction of best practices such as Reliability-centered Maintenance (RCM) and Total Productive Maintenance (TPM). Essentially companies have come to realize that integrated solutions present more opportunity to increase revenue and profit.

This insight paper will detail a new breed of enterprise solutions with integrated enterprise asset management (EAM) at their core. It will illustrate how such solutions can help asset-intensive companies to maximize capacity, increase asset utilization, minimize downtime, and provide transparency across all areas of the business. Analysts are calling these solutions EAM-focused ERP because of their ability to provide advanced maintenance management capabilities as well as support for all key business processes.