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When is EAM Software, Not EAM Software Enough: Understanding the Difference Means Using EAM to Inform Business Decisions
Questioning whether EAM Software truly meets the requirements of an asset management system may seem absurd. However, organizations in search of an EAM solution should exercise caution when considering systems marketed as such, as many are merely limited CMMS programs. These systems may lack the comprehensive asset management capabilities necessary, resulting in frustration and inefficiency.
The term "Enterprise Asset Management" (EAM) implies effective management of assets. Yet, numerous asset management solutions, regardless of their enterprise-grade status, are essentially extensions of computerized maintenance management systems (CMMS). Consequently, when individuals seek an EAM solution through a Request for Proposal (RFP), they often end up searching for an embellished CMMS rather than a genuine asset management system.
In this blog post, Jon Mortensen, Global CTO EAM at IFS, will delve into the market's perception of EAM solutions and discuss the essential features of an Asset Management System, with a particular focus on its software functionality.
Read the full article from IFS here.
