Microsoft Dynamics 365 is the best software tool for supply chain management. It has impactful features to make your business grow.

The Enterprise Asset Management (EAM) module can significantly value managing assets effectively for product companies.

So, let us explore the answers to the following questions to familiarize ourselves with the concept of EAM.

What is Enterprise Asset Management?

The concept of fixed asset and enterprise asset management is not the same. Fixed asset management involves managing the financial side of assets. But, there are more things involved in enterprise asset management. It is an integrated functionality to manage every aspect of owning, using, and maintaining assets.

Enterprise asset management covers everything, from installing the asset to preventative maintenance.

Dynamics 365 asset management can give you incredible visibility, control, and efficiency throughout the entire equipment lifecycle.

What is the Working Mechanism of EAM?

Here are how the EAM works:

Asset and Location Setup

The software has a configurable setup for assets, locations, work order types, and other aspects of asset management.

With EAM, you can have good control over assets and facilities. For example, you can set up each asset or location with several configurable fields. And the fields can be asset type, usage counters, maintenance defaults, potential issues, and user-defined lifecycle statuses.

You have equal control and flexibility to define workers and maintenance for each location, set financial and operational controls, decide how manual or automated work order creation should be, and much more. 

Maintenance Requests

With Maintenance Requests, employees can request corrective maintenance when an asset undergoes a problem. In addition, the associated tools can help schedule preventative maintenance, such as routine asset inspections. You can schedule the preventive maintenance for a single piece of equipment or all equipment of an entire facility. 

The tool also gives your employees a broad picture of the status of the assets by enabling them to view the maintenance requests and plans.

You can set up the assets with different defaults for maintenance. For example, you can fully automate the scheduling of a work order to send a technician for a weekly facility inspection.

Likewise, the tool also can help automate a work order to fix an equipment failure.

Work Order Creation

Like any other functionality, you can automatically use the EAM module to create work orders. The tool lets you set defaults on each major field, such as asset type or criticality. In addition, it allows you to populate many fields automatically when you select an asset or issue.

Therefore, you can quickly create work orders with the tool.

Many valuable features of work orders cater to the needs of different businesses.

For example, the tool helps specify the workers to work on the specific work orders. So, automatic scheduling can help send the essential workers to complete a complex facility inspection. 

The Necessity of Asset Management Software

As it is time-consuming to manage assets effectively for businesses, you can easily use the EAM tool to manage your assets apart from property management CRM KSA.

The EAM tool helps companies reduce maintenance expenses and downtime to keep assets fully operational with the software.

Moreover, businesses can extend their assets’ lifetime through scheduled maintenance. However, preventive maintenance can not always be the solution. Faults can occur due to many causes, like operation error, using assets under abnormal conditions, etc.

Conclusion

Therefore, you can implement Microsoft Dynamics365 to ease your asset management. But, you should select a good implementation partner to implement the software. Remember, the wrong implementation partner can ruin your project.

Business can either implement a standard EAM application like Microsoft Dynamics 365 or can hire a custom web development partner who could help in delivering the application in line with your business processes.