The past few decades have seen a lot of change with CMMS and EAM systems. As technology continues to be adapted to the market, new terms have arisen and the meaning of some of the older terms have changed. As a result, Mintek is pleased to announce the addition of a glossary to help define the terms commonly used with EAM/CMMS environments and throughout our blogs.
A few examples of our favorite terms are listed below. Each is followed by a short definition allowing you to have a better understanding of the features of Transcendent. New terms will be added regularly.
Computerized Maintenance Management Software
A computerized system designed to enhance efficiency and effectiveness of maintenance activities. Also known as CMMS, typical features include planning, scheduling and monitoring of work orders and maintenance needs.
Enterprise Asset Management
Enterprise asset management (EAM) differs from Asset Management because it treats the asset from a company (enterprise) perspective. It refers to the management of assets to the benefit of the organization as a whole and not limited to a specific area such as a department, location or division. It includes the entire process from initial planning, designed use, installation, training, operations, maintenance and eventual retirement/replacement.
“When the entire asset portfolio of the organization is considered, EAM takes over. As business and market requirements are dynamic, the output specifications for the organization’s assets change constantly (e.g., increase in output capacity due to new customers). EAM provides the framework for capital and labor allocation decision processes across the competing categories of equipment addition/ reduction, replacement, over-hauling, redundancy setup and maintenance budgets in order to meet business needs.”
Source: Wikipedia Definition of Enterprise Asset Management
An inspection is the act of examining assets in order to determine their condition by checking on known issues, answering checklist questions, observing and documenting changes and making recommendations or scheduling maintenance. Inspections is a form of preventive maintenance.
If there is a term that you would like to see included or have a question about, please contact us.