What is enterprise asset management software?
qubesense Enterprise Asset Management software helps organizations maximize their equipment’s service life and effectiveness while minimizing operational costs.
qubesense Enterprise asset management (EAM) is a cloud-based technology-enabled approach that helps organizations to oversee the whole life cycle of physical assets across locations. This includes their utilization, maintenance, repair, replacement, and disposal while safeguarding the employees’ environment, health, safety, and compliance with regulatory bodies.
While many organizations still rely on manual paper-based EAM or desktop software, such as spreadsheets, which are disorganized and prone to errors, and often result in expensive and laborious processes
Main functions of EAM
Asset life cycle management:
Using qubesense Asset Management Software, businesses can analyze and monitor the entire life cycle of each asset. As a result, equipment efficiency is improved, maintenance costs are reduced, and owners can make better purchasing decisions. The life cycle of each asset can be divided into five phases:
- Planning
- Acquisition
- Operation
- Maintenance
- Disposal
Supply Chain Management:
qubesense Enterprise asset management software is designed to track the movement of trucks, trailers, and other assets and their inventories. It also manages details of raw material availability, expected arrival time, and potential delays. When the inventory hits a specific level, it sets off shortage alarms. Organizations can easily handle the numerous vendors’ delivery schedules, price comparisons, and other details for a certain piece of machinery or component using the asset management tool.
- Demand planning
- Inventory management
- Materials management procurement
Core EAM:
Asset management helps generate reports and statistics that track asset performance. Organizations can use predictive maintenance reports to find any asset issues before they become more serious problems.
- Analytics
- Asset registry
- Compliance
- Financials
- Master data management
Monitoring:
IoT remote asset management solutions can be used on mobile phones to track assets in real-time from any location. Sensors embedded into the equipment can monitor its location, status, and operational state. Overall, by using asset management software, organizations can manage inventory, operations, and maintenance all on the same platform.
- IoT
- Mobility
- Operational technology
- Sensors
Maintenance planning and scheduling:
Using asset maintenance management software in conjunction with other route planning software can help assess routes in real-time and allocate tasks based on the most cost-effective use of resources, such as skill level and location.
- Preventive and predictive maintenance
- Labor management
- HR and payroll
- Project management
- Work order management
Reasons Why EAM is crucial for your organization?
There are several reasons why qubesense Enterprise Asset Management (EAM) is essential for your organization.
- Deliver an excellent client experience: An efficient asset tracking software helps businesses streamline their internal processes and gives exact information about their deliverables to their customers, providing excellent customer service.
- Efficient equipment utilization for increasing productivity: Up-to-date information about an asset’s maintenance and life cycle can help optimize asset utilization and increase productivity.
- Track assets in real-time across your organization: Business asset management software tracks assets in real-time, allowing businesses to achieve total asset transparency and maximize asset usage. This helps save time and money while facilitating efficient operations and workflows.
- Identify and eliminate ghost assets: An asset management system can help identify and eliminate the so-called “ghost assets” from your organization’s Balance Sheet. This will save maintenance fees, taxes, licenses, and expensive insurance premiums on assets that don’t exist. It will also boost the Profit and Loss by removing the ghost assets.
- Eliminate manual spreadsheets: enterprise asset management software eliminates spreadsheets for managing asset data. Spreadsheets are error-prone and difficult for teams to work with. They are also restrictive in terms of features and technology. Instead, an asset management system will ensure accurate data about your assets, leading to better decision-making.
- Ensures industry regulatory compliance and accreditation: Easy-to-use asset management solutions provide businesses with automated compliance systems which can otherwise result in workplace injuries, security breaches, or even more severe repercussions like fines and penalties. In addition, asset management solutions help organizations adhere to laws and regulations, enabling them to develop compliance procedures that guarantee legal compliance.
- Proactive maintenance to prevent asset failure: EAM software solutions enable proactive maintenance by alerting operations managers of any pending or upcoming maintenance requirements on tools and equipment. This helps to avoid the risk of improperly operating equipment, which could injure workers or spew pollutants that threaten the health and the environment.
- Access Asset-related data from anywhere and anytime: Unlike spreadsheets, a cloud-based qubesense enterprise asset management solution allows employees to access asset-related data anytime. All necessary information can be accessed using a web browser, iOS, or Android device.
- Strategic allocation of assets to improve organizational efficiency: Asset management software helps to prevent unplanned downtime and ensures a collaborative workplace. This will enable real-time access to information, allowing a company to understand how its resources are allocated, plan strategically for process improvements, and maximize efficiency.
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