Enterprise Asset Management (EAM) software is a solution that large organizations use to track many aspects of their operations. They use it to monitor their asset levels, locations, and transportation from one location to another. It’s also helpful at automating processes, such as reordering assets that are getting low and scanning things in and out of warehouses and other facilities so that those changes are instantly reflected in the system.ACCESSIBILITY OF EAM SOFTWARE
Despite the fact that it is commonly used by large organizations, EAM software is becoming increasingly popular among smaller organizations looking to cut costs and increase efficiency in new ways that simply weren’t possible before. That is because there are newer, less expensive options on the market than there used to be, and so companies and organizations with tighter budgets can now enjoy the same benefits as larger organizations but for a fraction of the price.
Many organizations don’t realize how valuable EAM software can actually be. Those that neglect tracking physical assets generally are losing out on opportunities and money through misplaced assets, or are experiencing problems within their infrastructure when those assets are mission critical.BENEFITS OF EAM SOFTWARE
An affordable EAM software solution can solve these concerns and provide other major benefits to any organization. The following list includes just a few of the benefits you can expect from using EAM software. Based on your specific situation, you may even see many additional benefits.
As mentioned before, these are just skimming the surface of all of the benefits you may enjoy by using EAM software.EAM PLANNING
Don’t let your organization become a victim of passive or nonexistent EAM strategies. There are plenty of tools at your disposal that allow you to avoid the pitfalls that many organizations fall into. These EAM software tools give you the ability to:
Take the time to understand the value of your assets and how they impact the efficiency of your organization, as well as what they mean to the bottom line. Organizations that are looking to reduce expenses and get a lot done on a small budget would do well to take stock of what EAM software can do for them. It is basically a way to do more with less by giving workers new tools that eliminate wasteful manual processes and replace them with faster automated processes. All of this leads to a leaner organization.
Organize and prioritize your assets to better determine the level of asset management you might require. This can include completely rethinking the layout of your warehouse(s). For example, you might discover that certain items are coming in and out of the warehouse more often than others, so it would be better to put those closer to the receiving area. In addition, certain assets are probably used in conjunction with each other, so it’s a good idea to group them together so that they are easy to pick at the same time in one pass through the warehouse.
As you look for the right EAM software for your organization, be sure to consider a few things. Shop carefully for the right solution that can not only meet your needs right now, but also down the road as you grow and change. Make sure it is in your price range. Expensive doesn’t always mean better, and you have plenty of options besides ones with unattainable price tags. These solutions don’t need to be expensive to be effective and provide the value you are looking for.
One of the best ones on the market is a solution called Fishbowl. This manufacturing and warehouse management software has been trusted by NASA, Boeing, Honda, Wells Fargo, and many other large organizations. If you’re not using EAM software now, find out if Fishbowl is right for you!