What is EAM (Enterprise Asset Management)?
Software for managing the lifecycle of physical assets — maintenance scheduling, work orders, spare parts, and asset performance.
Definition
Enterprise Asset Management (EAM) is software for managing the complete lifecycle of physical assets including equipment, machinery, vehicles, buildings, and infrastructure. EAM covers asset tracking, preventive and predictive maintenance scheduling, work order management, spare parts inventory, asset performance monitoring (OEE, MTBF, MTTR), and compliance with safety regulations. EAM is critical for asset-intensive industries like manufacturing, utilities, oil & gas, and transportation.
How EAM Works in ERP
EAM can be an ERP module (SAP Plant Maintenance, Dynamics 365 Asset Management) or a specialized platform (IFS, Infor EAM, IBM Maximo). When integrated with ERP, maintenance costs flow into project accounting, spare parts are managed through inventory/procurement, and asset depreciation connects to financials.
ERP Vendors with Strong EAM
IFS Applications
ERP + EAM + FSM in one platform for asset-heavy industries
Infor CloudSuite
Industry-specific cloud ERP suites on AWS
SAP S/4HANA Private Cloud
Fully customisable managed-cloud ERP for complex enterprises
Microsoft Dynamics 365
Modular ERP + CRM tightly integrated with Microsoft 365
Frequently Asked Questions
Which ERP is best for asset management?
IFS Applications is the recognized leader in enterprise asset management, followed by Infor CloudSuite (Infor EAM) and SAP S/4HANA (Plant Maintenance). Dynamics 365 also has a strong Asset Management module.