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Enterprise Asset Management (EAM) capabilities continue to evolve. One of the most significant changes has been the ability for companies to implement an EAM without the need for additional computer hardware resources such as a servers or staff. This type of EAM/CMMS is called a web-based, online or hosted solution. The premise is that your facilities information can be accessed 24/7/365 via the web with far greater security and reliability than that of an in-house system. With that in mind, we hope everyone had the opportunity to read our blogs and voter links as they were published, we have summarized them for you here. Please enjoy them and be sure to check back for new articles during the week. You can find a complete listing on the Mintek Blog.

This week’s most read article was When an EAM and Common Sense Collide. The post discussed 5 of the more notable benefits that an EAM can provide an organization moving it away from the perception that it is a purely overhead expense that can be avoided by building or facility maintenance management.

1. When an EAM and Common Sense Collide

Author: Stuart Smith

The article compares the decision to purchase an Enterprise Asset Management system to that of the purchase of accounting software. Both software solutions are designed to enable management to accomplish more work using computerized tools. In addition to increased productivity, an EAM also helps business extend the useful life of their assets as well as lower critical operations expenses such as energy bills and overtime.

Key Point: An EAM is way to enhance operations and increase profitability in any industry. Without an EAM your company is operating in the dark ages.

2. 5 Reasons a Web-based EAM is Good For HOAs and Condo Associations

Author: Stuart Smith

The post discusses 5 significant advantages of using a web-based EAM solution to help Homeowner and condo associations manage their physical assets. Web-based is defined as a software package that resides on the vendors or vendor data centers servers thus eliminating internal IT capital expenditures for new equipment as well as providing continuous online access in a more secure environment.

Key Point: You don’t need to be a large organization to take advantage of tools that will help you manage your property assets. You only need to be willing to step out of the dark.

Read Relevant Articles That We Found Last Week

But wait there is more. We have found several more articles that you might find to be interesting on. The 5 best this week are:

1. 5 Ways to Develop Better Procedures and Practices for Facilities Management

Author: Michel Theriault

Michel has written a short piece on the value of using checklist to organize maintenance activities. All too often facilities have either no documentation or too much written detail in their procedures. Either scenario is counterproductive and essentially useless. Checklist should be developed with the help of the end users, be short and simple and easy to follow. Once completed, checklist you should be easily accessible. When possible these same checklist can be maintained in an EAM or CMMS.

Key Point: You don’t need a book to tell you what to do, a checklist is easier to follow and more likely to be read.

2. What Keeps EAM/CMMS Away From PLM?

Author: posted by P RAMESH

This article compares product life-cycles to asset lifecycles in an effort to find a solution that would allow an EAM to access design information when needed. The article continues by discussing some of the potential barriers including the protection of intellectual property from the manufacturer etc.

Key Point: The question was raised if there is a good solution to bridge the gap?

3. A path to greater power savings

Author: Larry Massey

Larry’s article covers the value that IR thermography can have on uncovering energy losses in particular IR thermography can be used to find loose or worn electrical connections. Loose or failing connections give out extra heat signatures. Heat is wasted energy. Identifying these connection and correcting them will result equipment operating more efficiently as well as identify potential major repair issues that would not have been identified until asset failure.

Key Point: IR thermography is yet another tool that facilities can use to improve their energy performance.

4. Contractor management — Reducing the cost of reliability

Author: Posted on PlantServices.com

What happens when no one is effectively monitoring contractors/vendors for the levels of service they provide or monitor redundancy? This article points out some of the downfalls of poor contractor/vendor management.

Key Point: Vendor management starts with recording the vendor information for each asset in your EAM/CMMS. These software solutions can record all vendor, contract and asset details. Management can then review for contractor performance as well as identify areas needing change.

5. What to Look For in a Good Facility Management Company

Author: Ned Brumby

Ned talks about the differences between facility and property management and the role of software as a tool for more effective results. He concludes with some helpful hints on what to look for in a facility management vendor.

Key Point: Choose a facility management group that has the resources and credentials to handle all the maintenance tasks of a facility.

What We Learned This Week

What maintenance managers can gather in from all of this weeks articles is that maintenance management starts with the question How can we do this better? The answer can be as simple as starting a checklist or integrating new technologies such as IR thermography to an EAM cable of total asset management. Finding the right solution is not difficult and well worth the rewards.