Measuring the true value of maintenance activities

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Overview:
Gaining full value from capital or physical assets is an important challenge for organizations operating in increasingly competitive environments, where production interruptions due to equipment failures lead to expensive repair costs and lost revenue opportunities.

A key requirement for ensuring that capital assets deliver value is an enterprise asset management (EAM) system that automates maintenance planning and scheduling, tracks supplies of inventory, enables on-line procurement, and integrates with financial and other information systems.

While implementing an EAM solution can be a relatively straight-forward initiative, identifying the right solution, determining which organizational processes need adjustment, and ensuring that maintenance best practices are deployed are essential to ensuring that your EAM solution delivers promised benefits.