ENTERPRISE ASSET MANAGEMENT

Enterprise asset management is the whole life optimal management of the physical assets of an organization to maximize value. It covers such things as the design, construction, commissioning, location, operations, maintenance and decommissioning/replacement of equipment. "Enterprise" refers to the management of the assets across departments, locations, facilities and, in some cases, business units. By managing assets across the facility, organizations can improve utilization and performance, reduce capital costs, reduce asset-related operating costs, extend asset life and subsequently improve ROI.

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