We have categorized 9 documents as EAM. All documents are displayed on this page.
In the words of Sundar Pichai, CEO of Google and Alphabet, "Just as you would not normally leave your front door open without some level of protection, companies shouldn't either." This encapsulates the importance of Enterprise Asset Management (EAM)—a systematic approach to the governance and realization of value from the assets, both physical and digital, owned by an organization. If you're a C-level executive at a Fortune 500 company, understanding and effectively implementing EAM practices is integral to Strategic Planning, Operational Excellence, and Risk Management in your organizations. Learn more about EAM.
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In the words of Sundar Pichai, CEO of Google and Alphabet, "Just as you would not normally leave your front door open without some level of protection, companies shouldn't either." This encapsulates the importance of Enterprise Asset Management (EAM)—a systematic approach to the governance and realization of value from the assets, both physical and digital, owned by an organization. If you're a C-level executive at a Fortune 500 company, understanding and effectively implementing EAM practices is integral to Strategic Planning, Operational Excellence, and Risk Management in your organizations.
For effective implementation, take a look at these EAM best practices:
It was once said that knowledge is power. In the modern era of digital transformation, knowledge has indeed become tangible—embodied in data and the digital assets of an enterprise. But with power comes responsibility—the responsibility to manage, protect, and optimize these assets. EAM is the solution that rises to meet this responsibility.
EAM is a strategic approach to managing an organization's physical and digital assets over their entire lifecycle—from acquisition to utilization, maintenance, and eventually disposition. It encompasses everything from real estate, machinery, and vehicles, to software, data and intellectual property. EAM is an essential aspect of an organization's Performance Management, enabling executives to have a holistic view of their assets, thereby making informed decisions that maximize value while minimizing risk and cost.
Explore related management topics: Digital Transformation Real Estate Performance Management
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Executives who understand and effectively deploy EAM have the necessary tools to lead any organization towards growth and success. By adhering to best practices and fundamental principles, EAM becomes a driver of Strategic Planning, Digital Transformation, and Performance Management across the organization.
With the ever-accelerating digital revolution, the importance of EAM for C-level executives cannot be overstated. It's time to embrace EAM and lead the way in the race to Operational Excellence and beyond.
Explore related management topics: Best Practices
Here are our top-ranked questions that relate to EAM.
Asset Management Optimization for Luxury Fashion Retailer
Scenario: The organization is a high-end luxury fashion retailer with a global presence, struggling to maintain the integrity and availability of its critical assets across multiple locations.
Asset Lifecycle Enhancement for Industrial Semiconductor Firm
Scenario: The organization is a leading semiconductor manufacturer that has recently expanded its production facilities globally.
Asset Management System Overhaul for Defense Sector Contractor
Scenario: The organization is a prominent contractor in the defense industry, grappling with an outdated Enterprise Asset Management (EAM) system that hampers operational efficiency and asset lifecycle management.
Asset Management Advancement for Power & Utilities in North America
Scenario: A firm within the power and utilities sector in North America is facing difficulties in managing its extensive portfolio of physical assets.
Defense Sector Asset Lifecycle Optimization Initiative
Scenario: The organization is a provider of defense technology systems, grappling with the complexity of managing its extensive portfolio of physical assets.
Enterprise Asset Management for a Cosmetics Manufacturer in Europe
Scenario: A European cosmetics company is facing challenges in scaling its Enterprise Asset Management (EAM) to keep pace with rapid expansion and increased product demand.
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