Data Sheet | Oracle Corporation
capacity, lower unit production costs and thereby improve Return on
Investment (ROI).
Simply to survive in todays competitive global business climate, companies must consistently
focus on their bottom-line results. That is, companies need to increase revenue while at the
same time reduce operating costs. Enterprise Asset Management (EAM) technology is one of the
most effective means for asset-intensive companies to achieve this important business goal.
EAM enables organizations to implement strategies that optimize equipment capacity and
increase productivity, decrease maintenance costs and improve safety and regulatory
compliance. According to analysts and experts in the EAM marketplace, corporate asset
maintenance opportunities include substantial and measurable increases in asset utilization,
increases in equipment life and reductions in maintenance expenses.
Oracle eAM is the most effective integrated tool available to companies today to improve their
bottom line. Increased productivity and equipment efficiency is the basic tenet of effective asset
management. Oracle eAM gives management the means to coordinate maintenance
requirements with overall operation requirements. Oracle eAM helps companies avoid unplanned
equipment shutdowns, schedule required maintenance at times that minimize interference with
production output, and reduce the number and cost of equipment repairs by improving overall
maintenance quality.
Improving maintenance quality, workplace safety and ensuring regulatory compliance are also
jointly achievable. Oracle eAM helps your company meet demanding regulatory compliance and
shop floor safety by supporting dependent task planning, and by helping manager's select the
appropriately skilled and certified employees to complete the necessary maintenance work. In
addition, Oracle eAM Document Management provides an easy to use library for safety
documents such as hazardous materials, drawings, specifications and MSDS sheets. In addition,
the library can be used to store procedures such as Tagout, and special handling.
Oracle eAM seamlessly integrates with other Oracle Supply Chain and Financial applications
such as: Inventory, Bills of Materials, Work in Progress, Quality, Cost Management, Project
Manufacturing, Fixed Assets, Property Management, Manufacturing Scheduling, MPS/MRP, and
core HR (as shared install) for employee definition and skill search.
This unique integration to
extensive enterprise applications improves overall organization efficiency
.
Oracle eAM provides extensive functionality in the following areas:
Asset Management
Work Management
Self Service Maintenance
Asset Management
Oracle eAM Asset Management provides the tool needed by companies today to expand the
visibility of and ownership of assets throughout an entire organization. A companys asset can be
described in many ways: as a fixed asset to an accounting department, a leased asset to facility
management, a piece of production equipment to operations, an inventory item to materials
management and a maintainable asset to mechanical engineers. Oracle eAM incorporates all
these views of the asset through a single entity allowing companies to incorporate the asset
throughout the organization. In real-time, the entire organization can view the asset, its usage,
costing information and depreciation.
Flexible Asset Definition
Oracle eAM provides the flexibility needed for different companies and organizations to manage
different types of assets. An asset can be described as a tangible entity needing on-going
support or maintenance. Examples of assets might include cooling towers, buses, cranes,
buildings, and conveyors. Oracle eAM offers flexibility to address the many types of assets
through the definition of Asset Groups and Attributes. By first establishing Asset Groups, users
uniquely define assets and their characteristics. The Asset Group establishes standard
information that can be inherited by the assets belonging to that group. Detailed information such
as asset criticality, nameplate data, engineering specifications, property detail and other
searchable characteristics are defined through unlimited asset attributes and values. Asset
Groups can also have an associated Master Bill of Material that allows users to define parts list
and components. By providing these asset groups and attributes, users are able to effectively
locate assets, as well as quickly create similar assets.
In addition to actual assets, virtual assets can be defined as a network of assets or routings -
such as for systems in a plant, or plant areas where costs and maintenance activities need to
be monitored. Selecting whether an asset is maintainable or not determines whether work can
be charged against the asset. Networked and Asset Routes can also be used to combine several
assets to a single work activity - all designed to help organize work, and improve work efficiency.
Comprehensive Asset Data
The asset is the focus of the eAM system. It is where all costs, activities and work revolve. As
such, Oracle eAM provides extensive data associated with the specific asset. In addition to the
asset information noted above - such as Asset Attributes, nameplate data, engineering
specifications, property detail and other searchable characteristics, each asset record contains
the following information:
Asset Bill of Materials (BOM)
Asset Costing and Work History
Meters and Asset Monitoring
Asset Activity Library
Asset Bill of Material
Each Asset Group contains a specific BOM where the required items that make up an asset can
be identified and selected. A BOM can be used to list all items and components that make up a
particular asset item. Asset BOMs are essential to efficient maintenance by providing
maintenance personnel with quick reference to the required parts for each piece of asset. Since
Oracle eAM is integrated to Oracle Supply Chain, the shared information between the
maintenance manager and the warehouse manager also enables them to make informed
decisions about which parts to stock and at what stocking levels, taking into consideration
demand, stock usage and, most importantly, asset criticality.
Asset Costing and Work History
Oracle eAM enables companies to reduce equipment and maintenance costs through the
effective collection of asset maintenance costs and work history. Costs are generated as
maintenance work is executed and completed. These costs roll up though the Parent/Child
Hierarchies defined within eAM. Labor, materials and equipment charges are all collected,
defined and charged to appropriate accounts. By collecting this information, managers can begin
to make informed decisions about maintenance trends, cost of operation of an asset, and
replacement strategies.
In addition to collecting all costs, work history is captured and retained. Users can reference
work that has been completed to review operations, resources and costs. This information is
helpful to understand the scope of the work and the process by which it was completed. It also
helps managers make more informed decisions about future maintenance work.
Meters and Asset Monitoring
Through the collection and review of vital asset statistics, managers can make smart decisions
on the maintenance and effective usage of an asset. Meters attached to an asset can be used to
report on its operating conditions such as oil pressure, vibrations and temperature. Oracle eAM
offers unique capabilities to define multiple named meters for assets, and allows multiple assets
to share these meters. Any readings for a meter are immediately updated to all associated
assets. This dynamically influences the schedule of Preventative Maintenance (PM) Work
Orders based on the frequency at which a condition occurs.
Asset Activity Library
Streamlining maintenance work is the first step in achieving effective maintenance strategies.
Oracle eAM Asset Activities provide users with a standard template for jobs, which can be
applied to pre-planned work orders, such as Routine or Preventative Maintenance. The
maintenance activities are standard jobs comprised of work descriptions, resources and materials
required to perform a certain task. Once defined, asset activities can be associated to a new
work order to establish pre-defined tasks for recurring work.
Asset Activities are used to create a library of Preventative Maintenance (PM) procedures. PMs
include Inspection, Lubrication and Routine maintenance work. Once the PM procedures are
created, they are associated with assets and are automatically scheduled as work orders based
on meter readings or time intervals. An implemented PM program helps a company run better,
more efficiently, and with fewer unexpected breakdowns because the equipment is being well
maintained.
Maintenance personnel are able to enhance unit capacity and production by implementing
effective and timely PM schedules for Lubrication, Inspection and Routine Maintenance work - all
of which reduce unplanned downtime and reactive maintenance. With an effective PM program,
maintenance personnel are freed from handling costly reactive work and are able to complete
more proactive work.
Work Management
Work Management is at the core of all maintenance operations: it is the creation and planning of
resources,