Whats different EAM and Fixed Asset?

Posted on November 20th, 2007 by Sanjit Anand || Email This Post

Whats different EAM and Fixed Asset?

In Short, EAM – Enterprise Asset Management – deals mostly with asset management (physical – not financial) . Typical example are:

• optimizing inspections
• improving efficiency of work order and preventative maintenance programs
• asset tracking from purchases through warranties
• implementing effective equipment-based maintenance schedules to reduce downtime

Whereas Fixed Asset will achieve many of the same goals for financial management (streamlining, cost reductions etc.) , this mostly deal with deprecaition , disposal etc .

1. Know the “Security by Book” in Fixed Asset
2. ABC: An Introduction to Asset Books in Oracle Fixed Asset
3. Deep Drive : “Depreciation” in Oracle Fixed Asset
4. Enterprise Asset Management – for Functional
5. Month End /Year End Process in Fixed Asset & Relevant Standard Reports