Definition

enterprise asset management (EAM)

Enterprise asset management (EAM) is a broad term vendors use to describe software that provides managers with a way to view company-owned assets holistically. The goal is to enable managers to control and pro-actively optimize operations for quality and efficiency. In earlier years, EAM was simply called maintenance scheduling software. EAMs facilitate operations by automating requests for upgrades, regular maintenance and decommissioning or replacement. 

See also: virtual asset, IT assetintellectual property (IP), information life cycle management (ILM)

This was last updated in November 2010

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