Enterprise Asset Management (EAM)

Enterprise Asset Management (EAM) is a systematic approach organizations use to efficiently oversee and maintain their physical assets—such as machinery, equipment, buildings, and infrastructure—throughout their lifecycle. It involves tracking asset information, planning maintenance, managing costs, and optimizing performance to extend asset reliability and reduce downtime. EAM helps businesses ensure assets are used effectively, maintained proactively, and replaced at the right time, ultimately saving money and supporting operational efficiency. It often employs specialized software to coordinate these activities and provide real-time insights into asset health and availability.