Enterprise asset maintenance (EAM) software helps organisations plan and execute tasks to maintain enterprise operations and optimise asset performance.
EAM is a critical component in the complete lifecycle of plant, machinery and assets, with multiple benefits such as preventative maintenance, advanced cost control and integration.
Tracking costs with EAM software:
EAM’s advanced cost control functionality enables the accurate analysis of maintenance costs, as well as costs incurred with labour, other expenses, and your equipment’s spare parts.
All assets can be added to the planning sequences and tracked in the maintenance process, which provides the organisation with an overview of the Total Cost of Assets (TCA) and offers the opportunity to make better decisions when planning for any necessary improvements.
The TCA can be allocated via different production sites and machinery, providing a detailed view of current maintenance costs.
The new release of Dynamics 365 for Operations is Microsoft’s new business solution for medium to large organisations. Dynamics 365 for Operations was previously known as AX7 and is a single software system that helps run businesses more effectively. It is a digitally transformed financial and operational ERP system.
The TCA allocation is an important step as it helps to assess whether specific machinery or equipment is inefficient or too expensive to maintain and suggests replacements. Production can also be evaluated, especially when it comes to downtime costs that can increase production costs unnecessarily.
Tracking costs using an enterprise asset maintenance tool can greatly improve your organisations’ maintenance management and boost production performance.
Furthermore, tracking has become mandatory in the maintenance of production assets to determine the efficiency of the current processes and the need to optimise even further.
Any enterprise asset management strategy should include the implementation of an integrated EAM platform that covers asset procurement, maintenance, cost control, planning and deployment.
Making use of an ERP system with the addition of an Enterprise Asset Maintenance solution to maintain assets, like with the use of Dynamics AX EAM, optimises and streamlines business processes, increases asset efficiencies, reduces the risk of machine downtime and unplanned production stops, improves production performance and provides accurate cost forecasting.
Microsoft Dynamics for Operations
Contact Decision Inc. Immix and speak to one of our experienced Microsoft Dynamics ERP consultants if you would like to see how Dynamics AX/Dynamics 365 for Operations can help your business.