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Oracle Enterprise Asset Management (eAM) is part of Oracle's E-Business Suite and addresses the comprehensive and routine asset maintenance requirements of asset intensive organizations. Using eAM, organizations can efficiently maintain both assets, such as vehicles, cranes and HVAC systems, as well as rotable inventory items, such as motors and engines. To measure performance and optimize maintenance operations, all maintenance costs and work history are tracked at the asset level.
This chapter contains the following topics:
Oracle Enterprise Asset Management (eAM) is a part of Oracle's E-Business Suite, providing organizations with the tools to create and implement maintenance procedures for both assets and rebuildable inventory items. Maintenance procedures are an integral part of an organization's complete asset lifecycle management strategy, enabling an organization to optimize asset utilization. eAM enables users to optimally plan and schedule maintenance activities with minimal disruption to an organization's operations or production. Importantly, it improves resource efficiency, enhances maintenance quality, tracks work history, and records all maintenance costs.
Oracle eAM tracks the performance of assets (including rebuildable, inventory items) using meters, quality plans, and condition monitoring systems. By effectively monitoring an asset's operating condition, effective preventive maintenance strategies can be implemented. In addition to creating preventive maintenance schedules, users can create alternative maintenance strategies for seasonal or production capacity changes.
eAM's comprehensive maintenance functionality supports asset lifecycle strategies for asset intensive industries, including Metals/Mining, Manufacturing, Pulp/Paper, Petrochemicals, Facilities, and Education. eAM eliminates the need for spreadsheets and disparate data repositories, by enabling companies to manage reactive, planned, preventive maintenance, and adopt a centralized, proactive strategy for managing asset maintenance across an enterprise.
eAM enables an organization to do the following:
Create a preventive maintenance strategy
Maximize resource availability, including both equipment and labor
Optimize scheduling and resource efficiency
Integrate with Oracle's E-Business Suite for enterprise-wide solutions
The following topics are included in this section:
eAM eliminates the need for point solutions that offer a limited, "flat" view of an asset by expanding the visibility and ownership of an asset throughout an entire organization. Different entities may describe an asset in several ways:
Fixed asset to an accounting department
Leased asset to facilities management
Piece of production equipment to operations
Inventory item to materials management
Maintainable asset to mechanical engineers
Oracle eAM incorporates the above views of an asset through a single entity. An asset is an entity for which users can report problems. Assets can be cooling towers, cranes, buses, buildings, conveyors, or anything that needs work. eAM provides the flexibility to address the many types of assets through the definition of the following:
Asset groups and attributes
Asset links to an enterprise
Asset costs and work history
Asset activities and meters
By first establishing asset groups, you can define assets and asset characteristics that can be inherited by the assets belonging to that group. Detailed information, such as nameplate data, engineering specifications, property detail, and other searchable characteristics are defined with asset attribute elements and values. Asset groups also 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 routings. This combines several assets to a single work activity.
Oracle eAM enables you to quickly identify plants and facilities using an Asset Navigator (See: Defining Asset Numbers). You can view details of an asset, such as cost, hierarchal (parent/child) information, and launch transactions. You can also view current or historical configurations, and work details of an asset. 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. Attributes, such as cost history, bills of material, and document attachments can be associated with a specific asset.
You can 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. See Google Maps Integration and ESRI Integration.
You can focus on an asset hierarchy, or 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.
Preventive and predictive maintenance strategies are 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. Organizations that practice predictive maintenance can monitor and scrutinize maintenance work history and performance trends with quality plans. They can also study asset conditions by monitoring systems. By combining these strategies, an organization can establish a maintenance strategy that ensures minimal downtime. Oracle Enterprise Asset Management enables you to monitor reliability and predict the need for maintenance in the future. You can 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.
Oracle eAM enables operations and maintenance staff to create work requests to report any problems with an asset. To avoid duplicate work orders for the same issue, you can review any outstanding work requests that are currently assigned to an asset.
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.
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.
A well-planned maintenance environment depends on the ability of key personnel to view available inventory items, equipment, and skilled personnel. Because eAM is an enterprise solution, you can view the resource availability for assets that are used by operations and coordinate maintenance work to minimize operation disruption. Most importantly, Oracle eAM is designed for the maintenance user who performs the work. Using Oracle's Maintenance User, trades people and supervisors with minimum training can easily perform their work.
To implement Enterprise Asset Management, you must have the following required products installed:
Oracle Bills of Material
Oracle Human Resources
Oracle Cost Management
Oracle Manufacturing Scheduling
Oracle Work In Process
To implement Enterprise Asset Management, the following products are not required; however, they are useful in the overall robust eAM solution:
Oracle Master Scheduling/MRP
Oracle Property Management
Oracle Fixed Assets
Oracle Project Manufacturing
Oracle Order Management
Oracle Time and Labor