Your personal assets include your vehicle, refrigerator, laptop, and fan. They may break down or need to be fixed at some time, requiring you to find a different option. As a result, you may need to insure them. When it breaks, you’ll have to decide whether you want to keep it or replace it right away. Every business, whether it’s transportation, petrochemicals, or manufacturing, has its own set of rules.
Enterprise Asset Management (EAM) solution efficiently and sustainably manages the full lifespan of physical assets, resulting in lower operating costs, better capital expenditure management, a cleaner environment, safer performance, and more effective asset usage. Transparency of your assets may be obtained as a cornerstone to successful asset management.