Most businesses have realised the importance of enterprise asset maintenance (EAM) systems to keep track of their capital assets and to maximise the use of resources. Hence the deployment of EAM applications is highly recommended.
By selecting the right EAM platform, an enterprise can dramatically improve the availability of its manufacturing assets which is a key factor in long-term success, particularly within the mining sector.
However, migrating to a new enterprise asset management solution can be very risky and costly, and it is important to get the right guidance and assistance throughout the process.
One of the main challenges in deploying EAM software is missing out on the full potential of the application and its advanced properties, which means unrealised value remains hidden. The main culprits include data issues and poor integration with your ERP system.
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Significant EAM value can be lost due to data quality issues. Data can be corrupted, lost, or miscalculated during the migration or integration process. It is not a software issue – it’s just bad data that has a negative impact on projects and asset management.
What constitutes bad data? In short, incomplete or irrelevant data fed to the EAM application, due to misalignment and improper installation. Bad data contributes to excessive or insufficient spare part inventories and unplanned downtime, resulting in millions in lost revenue.
Furthermore, the impact of poor data expands to delays in ERP process integration, optimisation and system updates, as well as unwanted exposure to regulatory and compliance fines.
As EAM is often implemented as an integral part of enterprise resource planning, poor integration affects the communication and connectivity between software modules and business operations, as well as any third-party synergies or mergers and acquisition processes.
We highly recommend consulting an ERP vendor to implement and follow the correct migration procedures for you EAM system to ensure efficient and seamless integration.