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