Enterprise Asset Management (EAM) and Computerised Maintenance Management System (CMMS) are two software solutions used for business asset management and maintenance operations. There are some similarities between these two, along with some differences that set them apart.
This article will explore Enterprise asset management software and Computerised Maintenance Management Systems. Find the differences between the two systems, and pick the most suitable system for your business.
What is EAM?
EAM, which stands for Enterprise Asset Management, is a comprehensive approach to managing an organization’s lifecycle of asset tracking. Enterprise asset management software encompasses various business functions and aims to optimise asset performance from acquisition to disposal.
EAM systems track assets from their design and installation stages, providing insights and support throughout their entire lifecycle. These systems offer robust maintenance and asset management capabilities, enabling organisations to monitor, assess, and optimise asset quality and reliability.
Enterprise asset management software solutions are particularly beneficial for large enterprises with multiple locations and extensive assets, as they provide advanced features such as life cycle cost tracking, support for multiple businesses and locations, and integration with non-MRO departments like accounting and engineering.
What is CMMS?
CMMS, or Computerised Maintenance Management System, is a software tool to streamline maintenance management processes. It focuses primarily on maintenance activities, providing functionalities to centralise information, automate workflows, and track maintenance tasks.
This system helps schedule and manage maintenance work, track equipment performance, and ensure compliance with maintenance schedules. CMMS systems are often used by technicians, maintenance workers, and operations teams to directly manage maintenance operations.
Differences Between EAM and CMMS
Some considerable differences exist between Enterprise asset management software and Computerised Maintenance Management Systems.
The critical distinction between EAM and CMMS lies in their scope. EAM encompasses broader business functions beyond maintenance, including asset management, financial management, and integration with other departments. CMMS, on the other hand, is more explicitly focused on maintenance management.
EAM systems track assets from their initial design and installation stages, covering the entire asset lifecycle. CMMS, however, starts tracking assets after they have been purchased and installed. EAM provides a holistic view of assets, from procurement to disposal, while CMMS focuses on managing assets after their acquisition.
Features and Functionalities
EAM systems offer more advanced features compared to CMMS. They provide comprehensive digital management systems. These include lifecycle cost tracking, advanced analytics, and support for non-MRO departments. CMMS, although capable of managing maintenance operations effectively, typically offers fewer functionalities compared to EAM.
Enterprise asset management software systems are well-suited for large enterprises with multiple locations and extensive assets. They offer enterprise-grade support for managing assets across various warehouses and businesses. Conversely, CMMS is designed to manage a single location or provide limited support for multiple sites. It is often more suitable for smaller businesses with more specific maintenance requirements.
How to Choose One for Your Business?
When deciding between EAM and CMMS for your business, there are several factors to consider:
Business Size and Complexity
Evaluate the size and complexity of your business and its maintenance operations. Large enterprises with multiple locations and diverse assets may benefit from the comprehensive capabilities of an enterprise asset management software system. Smaller businesses with more straightforward maintenance requirements may find that a CMMS adequately meets their needs.
Assess the specific functionalities and features you require. If your organisation requires advanced asset management capabilities, integration with other departments, or extensive analytics, an EAM system may be more suitable. A CMMS system may be sufficient if your primary focus is maintenance management and scheduling.
Consider your budgetary constraints. Enterprise asset management software systems tend to be more expensive due to their broader range of functionalities. CMMS systems are often more cost-effective, especially for smaller businesses.
Scalability and Growth
Consider your organisation’s future growth plans. If you anticipate expanding to multiple locations or increasing the complexity of your asset management operations, an EAM system may be a better long-term investment. CMMS systems are generally more suitable for businesses with limited growth projections.
User Needs and Training
Consider the user perspective and the ease of use for your maintenance staff. Evaluate the learning curve associated with each system and consider the training and support available to your employees.
EAM and CMMS are two distinct software solutions with different focuses and capabilities. Enterprise asset management software offers comprehensive functionalities, advanced analytics, and integration with various business functions, making it ideal for large enterprises.
Computerised Maintenance Management Systems, on the other hand, provides efficient maintenance management and are often more suitable for smaller businesses with simpler requirements.
To choose between EAM and CMMS, assess the size and complexity of your company, evaluate the specific functionalities needed, consider your budget, anticipate future growth, and consider user needs and training requirements. By carefully considering these factors, you may select the system that aligns with your business goals and maintenance operations.