It guides the transformation from reactive maintenance management to a more proactive and cost-effective asset management structure, integrating functionalities related to environment, health, and safety (EHS) and operations.
Assets are the foundation of a business - they provide the infrastructure upon which daily work is built and the tools through which success thrives. There is a diverse range of assets, which may vary in their nature and purpose, however, they often overlap in their contributions to achieve a specific function. Organizations aim to maximize asset performance through their entire lifecycle by managing their current state and proactively working to avoid any undesirable issues. However, in reality, monitoring, managing, and analyzing these assets remains challenging for many businesses.
A catalyst for further enhancement
Enterprise Asset Management (EAM) has generated significant attention - featured in numerous magazine articles, discussed extensively at conferences, and spotlighted in numerous webinars. These discussions serve as an inspiration point and a catalyst for further enhancement for many organizations. Despite that, there is still room for improvement, as difficulties in determining the course of action and navigating the path forward exist. Organizations require a well-structured plan to guide them on where to start, what goals to establish, and what actions are needed to achieve these goals.
Plan your EAM journey
After decades of experience in customer service, gathering feedback, and diving into research, IFS Ultimo has developed the EAM Maturity Model: a blueprint that identifies the current situation of asset management and showcases the pathway toward potential growth in their asset management level by making the most of Ultimo’s services. It guides the transformation from reactive maintenance management to a more proactive and cost-effective asset management structure, integrating functionalities related to environment, health, and safety (EHS) and operations.
Exploring the EAM Maturity Model
There are several maturity models within asset management, including five to six stages within the individual models. They all start from the Reactive stage as a basic level up to the Ultimate stage as the highest level. IFS Ultimo added value to its model by getting it tailor-made to reflect its software and incorporating other departments in it, such as EHS, operations, and finance, instead of only the maintenance department. The EAM Maturity Model by Ultimo consists of five stages: Reactive, In control, Proactive, Smart, and Ultimate.
Now available: whitepaper Level Up: EAM Maturity
This whitepaper breaks down each stage of the IFS Ultimo EAM Maturity Model and discusses how organizations can plan their journey toward advancing through the stages of the model. The EAM Maturity Model from IFS Ultimo is a roadmap toward achieving higher levels of EAM maturity. The model can be used as a tool to identify the organization’s current stage in the maturity model and determine their future goals. Moreover, it assists asset managers in their internal support efforts. For instance, through the knowledge provided by this maturity model, an asset manager can present a clear trajectory to the board, outlining the current stage, desired objectives, and the necessary budget allocations for progress.