Asset Management Blogs
Best Enterprise Asset Management Software: 2024 Guide
Choosing the right Enterprise Asset Management (EAM) solution will be pivotal in managing assets in many industries, from manufacturing and energy to healthcare and hospitality. The ideal EAM solution should enhance operational oversight, control, and efficiency in several ways: While choosing an EAM system can seem like a straightforward process, choosing the right one from…
Read More4 EAM Trends to Watch in 2024
This article will discuss the top EAM trends to watch in the coming year. We will highlight how cutting-edge trends align with LLumin’s CMMS+.
Read MoreHow To Categorize Asset DowntimeÂ
In this blog, we will delve deep into the world of asset downtime, its precise categorization, and why it matters more than ever. What is Downtime? Asset downtime refers to the period when a piece of equipment or machinery is not operational due to maintenance, repairs, or unexpected breakdowns. It’s the time when your valuable…
Read MoreHow to Reduce Equipment Downtime
This article will look at the most common causes of equipment downtime and share strategies for reducing it. Learn more.
Read MoreEAM Implementation: Key Steps & Best Practices
In today’s complex business landscape, effective asset management is critical for organizations, particularly those that rely on critical assets and infrastructure. Enterprise Asset Management (EAM) software has emerged as a vital solution, enabling businesses to optimize asset management processes and improve operational efficiency. Computerized Maintenance Management Systems (CMMS) software also plays an important role in…
Read MoreHow to Create an Asset Management Policy (+Free Template)
This guide will give you the necessary tools and information to develop an effective asset management policy (template). Learn more.
Read MoreTop Enterprise Asset Management Best Practices
Enterprise asset management (EAM) is a systematic way of maximizing the return on investment (ROI) from assets, machinery, and heavy equipment. It can help organizations track and manage physical assets and plan maintenance and repair more effectively. Without EAM, heavy assets can become a major source of liability and financial loss for a company. Today…
Read More9 MRO Storeroom Best Practices
A maintenance, repair, and operations (MRO) storeroom houses critical parts and tools used in the operation and maintenance of critical equipment. An efficient MRO storeroom is clean and optimally organized, which helps companies reduce waste, lower costs, and shorten maintenance cycles and repair times. Today we will discuss a variety of MRO storeroom best practices…
Read MoreCMMS vs. EAM: What’s the Difference?
The difference between computerized maintenance management systems (CMMS) software and enterprise asset management (EAM) software can sometimes be difficult to parse, as there is a significant overlap between the two. The main difference is in scope and functionality—CMMS is focused on maintenance operations, while EAM covers a broader range of asset management activities, including procurement,…
Read MoreWhat Is EAM (Enterprise Asset Management)?
Condition-based maintenance (CBM) differs from other approaches to maintenance in that it involves monitoring an asset’s actual real-time, conditions and operating paramters to determine what maintenance is needed.
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