Enterprise Asset Management Overview

Oracle Enterprise Asset Management (eAM) is used to create and apply maintenance procedures for assets and rebuildable items and to create maintenance schedules which improves resource productivity and efficiency, tracks maintenance work history, and records all costs associated with maintenance process.

Asset may be described in several ways according the entire organization:

• Fixed Asset - Accounting department
• Leased Asset - Facilities management
• Production Equipment - Production and Operations
• Inventory item - Materials management
• Maintainable Asset - Maintenance department

Oracle eAM incorporates theses views of an asset through a single entity. Assets can be buildings, cranes, cooling towers, buses, conveyors, or anything that needs work. eAM provides the flexibility to record the many types of assets by using the following asset definitions

Objectives of Oracle EAM

• Tracking asset and rebuildable items performance using meters, quality plans, and condition monitoring systems. 
• Implementing effective preventive maintenance strategies by effectively monitoring an asset's operating condition.
• Creating preventive maintenance strategy and schedules
• Creating alternative maintenance schedules for production capacity changes due to seasonal or emergency cases.
• Maximize equipment and labor resources availability and optimize scheduling and resource efficiency
• Integrate with Oracle's E-Business Suite for enterprise-wide solutions

Key Functionality of Oracle EAM

Asset Management

• Define asset groups and assets and asset characteristics that can be inherited by the assets belonging to an asset group. 
• Define detailed information, such as nameplate data, engineering specifications, property detail, and other searchable characteristics are defined with asset attribute elements and values.
• Define a default master bill of materials (BOM) for assets. This BOM can be edited for specific assets. Virtual assets can be designed to create a network of assets or routing. This combines several assets to a single work activity.
• View details of an asset, such as cost, hierarchical (parent/child) information, and launch transactions. 
• View current or historical configurations, and work details of an asset. 
• Defining Asset Activities and maintenance operations for each activity and associate them with assets.
• View the locations of assets by using the built-in integration of web-based source map viewers of Google Maps or ESRI. The system also provides the provision to integrate with a third-party HTML based map viewer.  Assets can be geocoded and then assets and work can be displayed in the map viewer based on user-entered search criteria.

Asset Hierarchies

• Asset hierarchy is a set of parent/child relationships of an asset. 
• You can view all associated asset information such as asset details, bill of material, work orders, maintenance activities, quality plans, maintenance costs, contract services, and work order history. 
• You can view cost information for one asset, or view rolled-up costs of its children assets.
• As rotable, inventory items of an asset are removed from and reinstalled into an asset, the asset genealogy and parent/child meter readings are recorded automatically. 

eAM Work Management

• Preventive maintenance is supported by eAM. Preventive maintenance can be based on Day or Runtime intervals, as well as a specific list of dates, for both assets and inventory items. 
• Monitor and scrutinize maintenance work history and performance trends with quality plans. They can also study asset conditions by monitoring systems.
• Identify any breach of performance defined by engineering and immediately alert maintenance, monitor conditions of an asset, collect meter readings, forecast the frequency at which preventive maintenance should be performed, and establish Run to Failure schedules and forecasts, based on predicted failures.
• Create work requests to report any problems with an asset. To avoid duplicate work orders for the same issue. A supervisor can approve, place on hold, or reject a work request. 
• An approved work request can be linked to a work order. The status of a work request is then updated when it is linked to a work order.

Integration with Other Oracle Application Products

Oracle Enterprise Asset Management is part of the Oracle E-Business suite, and directly integrates with 

• Oracle Manufacturing, 
• Oracle Purchasing, 
• Oracle Property Management, 
• Oracle Quality, 
• Oracle Inventory, 
• Oracle Human Resources, 
• Oracle Financials, 
• Oracle Fixed Assets, and 
• Oracle Projects. 

This enables you to strategically monitor resource and cost planning throughout the enterprise. Improvement programs can be enforced and reviewed to ensure compliance with industry standards by tracking problems through to resolution.