Enterprise Asset Management
Enterprise Asset Management (EAM) encompasses the entire lifespan of physical assets. All the activities related to EAM lead to using the resources in the best possible way and to extending their usability. The lifespan of an entity managed in EAM is usually understood as its design, construction, start-up, usage, and liquidation.
In areas that rely heavily on fixed assets and their own infrastructure, the main challenge used to consist in balancing the costs of a company’s lifespan and its overall productivity.
In today’s energy distribution industry, one of the key challenges is the need to use advanced methodologies of technical asset maintenance, a new category of business partners (prosumers), metres and intelligent networks, increasing environment protection requirements and security standards, as well as rising recipient expectations.
To find the perfect balance between these values and requirements is in fact to manage the company’s network assets in an efficient manner.
A uniform solution that allows to meet all the challenges in company network asset management is SAP Enterprise Asset Management (SAP EAM).