ASSET MANAGEMENT (EAM Solutions)
The solution for managing all aspects of your asset lifecycle
Perfect EAM Systems to Maximize Asset Value
Why Choose IFS EAM Software
IFS Enterprise Asset Management (EAM) is a cloud-native, adaptable solution developed to meet the complex asset needs of the energy and utilities, construction-engineering, manufacturing, services, aerospace and defense sectors. Our EAM solution, boasting over 40 years of experience, is capable of automating the management of all your assets to regulate maintenance and maximize asset performance from a single solution.
IFS EAM Solution: The Benefits
Benefits From IFS EAM
With structured resource planning, maintenance, and scheduling. Reduce the number of systems used to track and manage assets and use the best interface for the environment in which you work.
Balance operational requirements with maintenance needs. Execute standardized processes to efficiently plan, schedule, and execute maintenance activities. Keep resources available and running at peak performance.
Increase the value of your assets or revenue opportunities with a single source of truth for asset data, contracts, costs, and best practice information. Real-time, data-powered decision making allows you to react faster to stay in control
EAM software can help a plant or facilities management team manage important key performance indicators, for instance by keeping the preventive-to-corrective maintenance ratio above 75 percent.
In practice, this means that for every three preventive maintenance tasks a maintenance team performs, they are only doing one corrective task. This ratio indicates a proactive asset management program, better efficiency, and a better chance of achieving profitability.
Increase Productivity with IFS EAM
By providing visibility into assets and equipment, the EAM software offered by FI Solutions enhances the use of asset investments through more effective maintenance, increased efficiency, and compliance with regulations. In the long term, it can foster a strategic view of business activities, often in synergy with an ERP system.
IFS Enterprise Asset Management offers complete visibility into the data necessary for asset management and maintenance: from the costs of materials and maintenance for each asset to crucial information such as the type of equipment, its location, production line, product group, and age. With this data at your disposal, you can make more informed and strategic decisions.
An EAM System Supports Your Business
EAM Assists Your Business
By helping you manage the details of maintenance, EAM could help you reduce «turn time» for shutdowns or minimize stoppages due to part stockouts or labor shortages.
Health, safety, and environmental concerns are critical for every organization. Equipment failure could result in costly or even catastrophic damage to the equipment – which could involve risk of injury or death or release harmful materials into the environment.
Your EAM tracks the maintenance actions you have taken, including how your maintenance technicians are certified.
To help keep assets up and running, EAM helps you to support decision-making in a range of day-to-day scenarios, such as repair/replacement or asset prioritization.
How EAM Supports Your Strategy
How EAM Supports Your Strategy
This could help you to keep the preventive-to-corrective maintenance ratio – an important KPI – above 75%. This would mean that for every three preventive maintenance tasks a maintenance team performs, it is only doing one corrective task.
As a starting point, you might be using calendar-based maintenance – performing maintenance at given intervals. If you have access to diagnostic data, you can progress to condition-based maintenance – using values like temperature, vibration, pressure to trigger maintenance at certain thresholds. Ultimately, a sound approach to predictive maintenance combines condition-based maintenance with, for example, duty cycle and load factors. The goal is to eliminate unnecessary maintenance – not only to reduce cost but because many maintenance activities bring some risk of damaging the machine, which influences uptime.
As changes are made to the asset over time, these can be included in an «as-maintained» record. Of course, at some point, despite optimal maintenance, the asset will degrade, and the cycle will begin anew. But thanks to EAM, the planning and engineering team can begin their work with full visibility into maintenance and usage data from the previous asset – allowing them to learn from the experience of operating that asset, to improve the running of the new one.
The idea is to combine EAM data and ERP data with equipment performance data, collected either from individual machines or a supervisory control and data acquisition system – to determine how to maximize the output of a machine. As part of this effort, EAM data can also be used to track and record stoppages – which can be achieved manually or through automated data capture through the internet of things. In some cases, operational factors in ERP play a role too, including data about available inventory or raw materials.