Why is enterprise asset management so critical for energy companies?
BC. Asset management is critical for companies that are asset intensive, that have a large investment in fixed assets. In addition, asset management is critical for companies whose operations are delivered on and dependent upon fixed assets. Energy companies are perfect examples of energy intensive businesses whose business operations are primarily dependent on the availability and performance of their fixed assets. NGPE. Cost control and reduction through visibility of maintenance activities across sites and asset classes is a major concern for utilities. How can EAM drive provide better information to those charged with asset maintenance and management? BC. Asset maintenance costs cannot be managed unless they can be measured and tracked. An Enterprise Asset Management system collects, tracks and displays maintenance costs to allow these costs to be managed more effectively. In addition, an EAM helps an organization to apply the appropriate maintenance strategy to assets – run to fai
