Enterprise Asset Management system involves the maintenance and management of the physical assets in an organization to maximize their usage for improved Quality and Efficiency throughout the lifecycle of the Assets.
EAM Software helps you to track the assets deployed in the field and plan the necessary maintenance activities to execute with the required material, skills, and tools. Asset Management System also ensures that the assets to be operated the way they were designed to, thus increasing the life of the asset, minimize the risks, and optimize its business value.
How It Works
What does an Asset Management System do?
An integrated Asset Management System includes key capabilities ranging from asset maintenance, spare part inventory management, service vendor management and trace & track capabilities of assets , work order management, asset performance management, analytics, and reporting.
By collecting and analyzing the asset performance data in real-time through a asset tracking system enables a positive impact on the overall business management strategy. It allows for quicker assessment of the bottom line and ensures that the assets remain profitable throughout their lifecycle.
How is FalconEAM different from traditional CMMS Software solution?
FalconEAM provides a clear view of the organization’s asset infrastructure, its availability, health, productivity, and maintenance history and plans. While a computerised maintenance management system can only be used to manage certain of those functions, FalconEAM will manage them along the entire lifecycle of the assets. It seamlessly integrates with all standard ERP’s for Financial functions.
FalconEAM solution facilitates multiple assets at multiple businesses/sites under a centralized system. Plugged with the IIoT sensors and predictive analytics, it also provides preventive maintenance alerts using AI/ML models to avoid any equipment breakdowns and unplanned downtimes.
Key Benefits of Our Solution
Track Availability
Track and manage asset availability and performance
Resource Optimization
Increase asset location traceability with geo-taggin
Maintenance Alerts
Improve asset high-availability by predective Maintenance alerts
Asset Maintenance Alerts
Improve asset productivity by efficient maintenance management
Planned Services
Improve service centre (workshop) strategic planning
Cost Effective
Cut down maintenance costs against replacement costs
Cost Recovery
Increase in warranty cost recovery
Asset Lifecycle Costs
Reduction in asset lifecycle maintenance (spares, labor and contractor) costs
Downtime is Less
Reduce unplanned downtime
Data Analytics
Provides historical data analysis and reporting for product and process improvements