EAM Strategy

EAM Strategy

Maximize the Bottom Line with an Asset Management Strategy

Take control of your asset management with a Strategic Asset Management Plan. Achieve your organization's goals with our proven approach.

What is a Strategic Asset Management Plan?

Why Do You Need a Strategic Asset Management Plan?

Enterprise Asset Management (EAM) involves managing physical assets throughout their lifecycle to help your organization achieve its objectives. A strategic asset management plan is crucial for making this happen.
Without a strategic plan, initiatives like EAM/CMMS implementations, Total Productive Maintenance (TPM), and Reliability-Centered Maintenance (RCM) can drift and underperform, failing to deliver a tangible return on investment.

The Importance of an EAM Strategy

EAM is a multi-functional discipline with numerous moving parts—from managing capital projects to maintaining equipment and overseeing MRO supply chain activities. Coordinating these functions to work seamlessly towards a common goal can be complex. A strategic asset management plan unifies these functions around shared objectives.
ISO 55000, the international asset management standard, underscores the necessity of a strategic asset management plan.

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Investing in EAM/CMMS technologies without a strategic plan is risky. Many such investments fail to deliver ROI because they lack a strategy to guide their use. A lot of money can be spent without clearly understanding how the technology will achieve the organization's objectives.
We assist organizations in developing strategic asset management plans that ensure EAM/CMMS investments are purpose-driven and focused on achieving business goals.

Functions of a Strategic Asset Management Plan

An asset management plan:
DETAILS FUTURE PLANS

Details the future plans for the enterprise asset management (EAM) operation.

CREATES A COMMON UNDERSTANDING

Describes what the organization wants to achieve and what is required to achieve it.

PROVIDES A ROADMAP

Provides a formalized, documented, goal-oriented road map to follow.

CONNECTS GOALS

Connects the organization’s goals with its asset management activities.

CREATES ORGANIZATIONAL ALIGNMENT

Creates organization alignment. Aligns the techs with the execs!

DEFINES MISSION

Defines EAM’s mission, objectives, key performance indicators and projects and programs.

IMPROVES SUSTAINABILITY

A strategic asset management plan is the first step to sustainably improving EAM operations.

PROVIDES A SENSE OF DIRECTION

Gives team members a sense of direction and purpose.

COMMUNICATES VISION

Communicates tangible vision to the organization and illustrates how that vision will be made real.

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