#EAM software
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What is Enterprise Asset Management?
Unlock the power of effective business management with our in-depth exploration of Enterprise Asset Management (EAM). In this informative blog, we delve into the intricacies of EAM, demystifying its core concepts, benefits, and practical applications. Whether you're a business owner, manager, or an enthusiast eager to understand how EAM can transform operations, our guide provides valuable insights.
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Maximizing Profits and Minimizing Stress: The Power of Inventory Management Software
One of the most critical aspects of success is efficient inventory management. Whether you run a small retail store or a large e-commerce operation, keeping track of your products is crucial to maximizing profits and minimizing stress. This is where Inventory Management Software comes to the rescue. In this article, we will explore the incredible benefits of using Inventory Management Software to streamline your operations and boost your bottom line.
The Importance of Inventory Management
Managing your inventory effectively is essential for several reasons. First and foremost, it ensures that you have the right products in stock to meet customer demand, preventing overstocking or running out of essential items. This helps enhance customer satisfaction and retention, as customers are more likely to return when they find what they need.
Secondly, proper inventory management helps you reduce costs. Excess inventory ties up capital consumes storage space, and can lead to spoilage or obsolescence. On the other hand, insufficient inventory can result in stockouts and missed sales opportunities. Striking the right balance is key to maintaining a healthy bottom line.
Streamlined Operations
Inventory Management Software can streamline your operations in various ways. It provides real-time visibility into your stock levels, helping you make informed decisions about restocking and replenishment. This proactive approach allows you to reduce carrying costs and minimize the risk of stockouts, all of which contribute to a more profitable business.
Additionally, many software solutions offer automation features, such as automatic reordering. This means the software can automatically place orders with your suppliers when certain inventory thresholds are reached, eliminating the need for manual intervention and reducing the risk of human error. This automation can free up your team to focus on more strategic tasks, improving overall productivity.
Data-Driven Insights
Inventory Management Software is not just about keeping track of your stock; it also provides valuable data and insights that can help you make better business decisions. By analyzing sales trends, you can adjust your purchasing strategies, promote top-selling products, and identify slow-moving items for potential clearance sales or marketing campaigns. This data-driven approach can boost profitability by reducing the costs associated with slow-moving or obsolete inventory.
Conclusion
Inventory Management Software is a powerful tool that can transform the way you manage your inventory, leading to increased profits and reduced stress. By streamlining operations, automating tasks, and providing data-driven insights, it empowers businesses to make informed decisions and stay competitive in a rapidly changing market.
Are you currently using Inventory Management Software in your business? If not, it's time to consider implementing this game-changing technology. Share your thoughts and experiences in the comments below, and let's start a conversation about the power of Inventory Management Software.
For more details please visit: - https://www.micromain.com/
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Work orders are the backbone of your maintenance operations. So, your work order process has the power to greatly impact your overall maintenance plan. Eliminating inefficiencies, automating more of the process, and, of course, going digital with your work orders will help you optimize maintenance. This makes it easier and more efficient for you, your maintenance managers, and your maintenance technicians.
Keep reading to learn more!
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#manufacturing asset management#asset management in manufacturing#manufacturing asset management software#asset management in manufacturing industry#asset management software for manufacturing#eam software companies#manufacturing asset tracking#siemens digital asset management#rfid asset tracking manufacturing#asset tracking for manufacturing#digital asset management manufacturing
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#cloud solutions#mobile#oracle#scm#sap#inventorymanagement#eam#maintenance management software#supplychain
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Benefits of EAM Asset Management for Businesses
Mentioned below are some of the key benefits of EAM (Enterprise asset management) Asset Management software for Businesses.
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EAM, FSM and ERP Software Market to Witness Impressive Growth by 2030 |
enterprise Asset Management (EAM) software is designed to help organizations manage and maintain their physical assets effectively. These assets can include machinery, equipment, vehicles, infrastructure, and other tangible items that are crucial to the organization's operationshttps://www.htfmarketintelligence.com/report/africa-eam-fsm-and-erp-software-market
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Discover Prometheus Group
Discover how Prometheus Group transforms asset management and operations, making complex tasks simple. Imagine streamlining your plant's maintenance and safety needs with our leading software solutions. From planning to execution, we integrate seamlessly with top ERP, EAM, and CMMS systems like SAP, IBM Maximo, and Oracle. Experience a cloud-based platform that simplifies user experience while empowering your organization to engage, monitor, and manage data more effectively. Join us and elevate how your organization operates, enhancing reliability, reducing costs, and maximizing equipment uptime. Let's revolutionize your asset management together. Explore more at Prometheus Group.
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IBM Maximo AWS Deployment Strategies
The Business Value of IBM Maximo, a recent IDC report that surveyed 9 companies with an average of 8,500 employees, found that adopting IBM Maximo resulted in a business benefit of USD 14.6 million per year per organization, 43% less unplanned downtime, and USD 8.6 million in total equipment cost avoidances.
One comprehensive, cloud-based application platform for asset monitoring, management, predictive maintenance, and reliability planning is IBM Maximo Application Suite (MAS). Maximo optimizes performance, extends asset lifecycles, and reduces downtime and costs for high-value assets using AI and analytics. Hosting Maximo on a scalable infrastructure maximizes performance, hence the current tendency is to shift it to the cloud. In this trip, MAS migration and deployment on AWS Cloud are gaining popularity.
The growing demand for Maximo AWS Cloud migration
Migrating to cloud helps enterprises improve operational resilience and dependability while updating software with minimal effort and infrastructure constraints. Due to the growing demand for data-driven asset management, firms must aggregate data from diverse departments to identify trends, generate predictions, and make better asset management decisions.
Last April, IBM said Maximo 7.6 and add-on support would stop in September 2025. All Maximo EAM customers must upgrade to the latest cloud-based MAS. Maximo migration and modernization are become increasingly significant to clients.
IBM has released new containerized versions of Maximo Application Suite as a Service (MAS SaaS) on AWS Marketplace with Bring Your Own License (BYOL) to assist Maximo migration to AWS. MAS SaaS on AWS is another milestone in Maximo’s integration of Monitor, Health, and Visual Inspection into a unified suite.
What makes MAS SaaS distinct
IBM Site Reliability Engineering (SRE) specialists use best practices to continuously maintain and administer MAS SaaS, a subscription-based AWS service. This partnership gives customers an industry-leading IBM asset management system underpinned by AWS’s size, agility, and cost-efficiency.
Upgrades and migrations to MAS 8 are possible with MAS SaaS. The data update is similar to prior upgrades, but ROSA and other dependencies require architecture changes. The migration is comparable to how clients transitioned from on-premise to Maximo EAM SaaS Flex, but with MAS changes. Perpetual on-premises customers would stop paying Service & Support (S&S) and purchase a SaaS subscription, on-premises Subscription License customers would start a new subscription, and existing MAS Flex and MAS Managed Service customers would start a new subscription to migrate to MAS SaaS.
Our IBM Consulting Cloud Accelerator (ICCA) technology lets firms plan migration and upgrade strategies before investing.
Maximo migration strategy of a global energy firm
IBM worked closely with an energy company confronting the following challenges:
Infrastructure needed for latest Maximo version takes longer.
WebSphere, Maximo’s core, experienced high-availability and performance difficulties.
Lack of data fabric and integration layer hinders cross-application data interchange.
Complex setup, failures, and security with manual end-to-end deployment.
Since Maximo Application Suite 8 (MAS8) tackles industry issues like failure risk, escalating maintenance costs, sustainability, and compliance laws, the customer chose it. The client chose AWS Cloud for its deployment flexibility, scalability, high availability, and secure architecture.
Approach to solution
This is how IBM accelerated the energy company’s Maximo move to AWS:
Used Infra as a code to upgrade Maximo from 7.6.0.9 to 7.6.1.2.
IaC allowed instance spin-up for auto scaling. This automation reduces the time to spin up and execute the new environment and addresses multi-AWS availability zone deployment latency.
Used AWS DMS for data migration and schema conversion.
IaC spun the DR environment on demand to reduce database replication (DR) infrastructure and expense. DR capabilities update data in availability zone and DR area.
Achieved data exchange across applications using IBM Cloud Pak for Data and standardized integration using IBM Cloud Pak for Integration components.
Solution components
Maximum Enterprise Application Management (EAM) has a 3-tier design with these components:
HTTP/Web Tier and Application Tier using IBM WebSphere and HIS installed EC2 instance under private subnet for application security.
Database Tier uses AWS Oracle RDS with replication for DR under private subnet.
AWS best practices were used to configure VPC with public and private subnets.
Application servers and deployment manager were autoscaled by Auto Scaling Group.
Maximum web-based UI resolution for external access using AWS Route 53.
WAF was the initial line of defense against web exploits.
Integration of Terraform and CFT IaC scripts provided autoscaling architecture.
AWS Reference Architecture
Max on RedHat OpenShift Service on AWS (ROSA) helps clients
Containerized MAS 8.0 runs on RedHat OpenShift. AWS, IBM, and RedHat developed an IBM MAS on ROSA reference architecture to help customers inexperienced with production containerization. ROSA, a fully managed, turnkey application platform, supports IBM MAS configuration and offloads cluster lifecycle management to RedHat and AWS, allowing organizations to focus on application deployment and innovation. This means IBM MAS clients don’t need to develop, administer, or maintain RedHat OpenShift clusters.
Operating Model and Maximo Migration
Top 3 Maximo AWS migration accelerators
Clients can migrate to the cloud using three IBM MAS deployment methods on AWS Cloud:
ROSA-powered MAS SaaS on AWS
ROSA-powered AWS MAS
Customer-hosted ROSA
Why use customer-hosted ROSA
The customer-hosted ROSA option for hosting IBM MAS in a customer’s VPC with ROSA is powerful. ROSA is perfect for MAS deployments because it seamlessly deploys, scales, and manages containerized applications.
The benefits of this choice are enormous. Full control over the infrastructure while still subject to the organization’s monitoring, controls, and governance standards allows businesses to customize and adjust the environment to their needs. This control includes adding MAS integrations and enforcing cloud security and governance requirements. ROSA charges are combined into one AWS bill and drawn from any AWS enterprise agreement, simplifying financial management.
AWS enterprise agreements and Compute Savings Plans offer infrastructure savings for MAS implementations. Because the ROSA cluster operates under the customer’s AWS account, customers can buy upfront ROSA contracts and get a one-year or three-year ROSA service charge discount.
Why IBM for Maximo AWS migration?
Any modernization effort must include cloud migration. Cloud migration is not a one-size-fits-all method, and each organization faces unique cloud adoption difficulties.
IBM Consulting’s Application Modernization offering helps clients migrate and modernize AWS applications faster, cheaper, and more efficiently, reducing technical debt and accelerating digital initiatives while minimizing business risk and improving business agility.
IBM offers unique cloud migration services to accelerate customer application migration to AWS:
Cloud migration factory capabilities including proven frameworks and processes, automation, migrating templates, security policies, and AWS-specific migration squads speed up delivery.
IBM Garage Methodology, IBM’s cloud services delivery capabilities, ROSA, and AWS Migration tools and accelerators accelerate migration and cloud adoption.
ICCA, IBM’s proprietary framework for migration and modernization, reduces risk. ICCA for AWS Cloud automates various modernization procedures, simplifying and speeding up company agility. Before investing, businesses can plan migration and modernization strategies. Discover IBM Consulting Cloud Accelerator for AWS Cloud.
Our well-defined pattern-based migration methodology includes re-factor, re-platform, and containerization using AWS managed services and industry-leading tools to remove and optimize technical debt.
Finally, IBM offers customizable t-shirt-sized price models for small, medium, and large migration sizes, ensuring clients’ migration scope is obvious.
IBM helps clients migrate applications, like Maximo to AWS Cloud
In conclusion, clients seek IBM’s expertise to:
1.Upgrade Maximo 7.6x (expiring 2025) to MAS 8.
2.On-premise workload to AWS Cloud for elastic, scalable, and highly available infrastructure and runtime
IBM Consulting can help
AWS Premier Partner IBM Consulting accelerates hybrid cloud journeys on the AWS Cloud by leveraging business and IT transformation skills, processes, and tools from many industries. On AWS Cloud, IBM’s security, enterprise scalability, and open innovation with Red Hat OpenShift enable enterprises grow swiftly.
BM Consulting develops cloud-native apps in AWS Cloud with 21,000+ AWS-certified cloud practitioners, 17 validated SDD programs, and 16 AWS competencies. IBM Consulting is the best AWS partner due to acquisitions like Nordcloud and Taos, advancements at IBM Research, and co-development with AWS.
Read more on Govindhtech.com
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Remote Sales Development Representative with German at PROS
We are seeking a qualified German speaking Sales Development Representative (SDR) to find and screen potential customers who will benefit from our software solutions. As the first line of communication with prospects, ideal SDRs have a strong understanding of the sales process, excelling at researching leads, starting new relationships, and setting our Executive Account Managers (EAM) up for…
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Enterprise Asset Management Software
MicroMain EAM software: Elevate asset management, streamline operations, and drive success. Unleash the potential of your assets. Learn more now!
For more information visit our website: https://www.micromain.com/eam-software/
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Enterprise asset management (EAM) and field service management (FSM) each are critical business functions. EAM is responsible for the planning, budgeting, and management of an organization’s assets, while FSM is responsible for the planning, scheduling, and execution of field service activities.
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#manufacturing asset management#asset management in manufacturing#manufacturing asset management software#asset management in manufacturing industry#asset management software for manufacturing#eam software companies#manufacturing asset tracking#siemens digital asset management#rfid asset tracking manufacturing#asset tracking for manufacturing#digital asset management manufacturing
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