Did you know that the CMMS software market is expected to grow to $1.2 billion by the year 2026? Running a business can be overwhelming at times, but having the right tools and software programs will allow you to take some of the burdens off of your shoulders. The right software programs allow you to automate certain tasks and prevent unnecessary spells of downtime.
Learning more about CMMS vs. EAM is essential if you want to invest in the right tools for growing your business and staying ahead of your competition. The good news is that you’ve found the perfect CMMS and EAM guide to learn the differences between the two and find the best solution for your organization’s needs.
Keep reading this article to learn some great CMMS tips today!
What Is CMMS?
CMMS stands for Computerized Maintenance Management Software, and it’s a great resource to invest in for your business because it allows you to automate maintenance tasks as well as communication within your organization. Using this tool will allow you to schedule maintenance tasks while streamlining your business’s inventory and maintaining your information databases.
You should make sure that you’re getting a CMMS program that allows for work order management. You’ll find that it allows you to move away from paper-based work orders and move into the digital era. It’s possible that you can also automate monotonous tasks with the right CMMS program.
What Is EAM?
EAM stands for Enterprise Asset Management software, and it is another valuable tool to have in your business’s tool kit. It’s dedicated to maintaining your business’s assets through a full life cycle. The real value in enterprise asset management software comes from the fact that it can do most things that CMMS can handle while allowing you to get even more specific with asset management and maintenance.
Every asset that your business owns has a shelf life or a lifespan to consider. EAM allows you to monitor and track where your assets are within their lifespan. You can determine if that asset is still providing value.
You can use this software to start planning for updates and equipment upgrades for your business. Taking these steps makes it much easier to avoid major setbacks in productivity within your company.
The real benefit of using an EAM software program is the fact that you can track the life cycle of a product from production to the end of the lifespan. It’s better than CMMS since you can track the asset for a longer period of time.
Now You Know the Difference Between CMMS vs. EAM
Knowing the differences and purposes of CMMS vs. EAM will help you maximize the potential of your business since you’ll have an easier time tracking your assets. CMMS is more focused on the maintenance aspect of your assets, while EAM is great for tracking the life cycle of your business’s assets.
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