The software pulls together data from various sources and departments to track assets from commission and design, construction, operation and maintenance, to demolition. It covers the entire lifecycle.
Every day, Hippo CMMS helps manufacturers around the world run their operations smoothly.
CMMS software started out in manufacturing but is now used by maintenance departments across industries to streamline maintenance. Data-rich work orders open clear lines of communication between managers and technicians. Inventory management ensures technicians have what they need when they need it. Automated reporting ensures everyone stays accountable. Everything works toward reducing downtime and extending asset useful life.
EAM software can include some of the same features as a CMMS, plus many more.
These additional features are for asset management, which just means trying to get the most out of assets over the longest time for the least money.
Because of its laser-focus on assets, EAM software tends to be used only by governments and large, asset-heavy organizations. It’s a solution for organizations that are, for example, building bridges, maintaining a fleet of 20 cement trucks, or running an oil rig. Because the tracking is so detailed and covers assets’ entire lifecycles, EAMs are used across multiple departments by everyone from C-level executives to frontline technicians.
Large organizations often have trouble sharing information between departments, leading to data silos. When everyone is using the same centralized system, data can move freely, allowing organizations to create a detailed big picture of it assets.
Another big advantage is being able to calculate an asset’s TCO (total cost of ownership), which is how much it costs to not only buy but keep an asset.
A quick example is when you buy a car. You pay for it up front, but then there are all the ongoing costs, including insurance, gas, and regular oil changes. Once you know the TCO, you can decide if you should keep it, sell it and start taking the bus, or just drive it less.
A big advantage of asset management is being able to calculate where an asset is in its lifecycle. The older it gets, the more organizations need to put aside for repairs and eventual replacement.
On a much larger scale, organizations can use an EAM to decide when assets should be repaired or replaced. The software can answer:
For the organizations that need it, EAM software is a powerful asset management tool.