J.D. EDWARDS ENTERPRISE ASSET MANAGEMENT (EAM) MAXIMISES ENTERPRISES’ RETURN ON FIXED ASSETS, IMPROVING BOTTOM LINE Wednesday 6 February 2002 PDF Print Enhancements to J.D. Edwards EAM Translate to Direct Increase in Performance J.D. Edwards, a leading provider of agile, collaborative solutions for the connected economy, today announced the general availability of J.D. Edwards Enterprise Asset Management, developed to assist asset-intensive industries in maximising the performance of and returns on their plant and equipment. While this is the first time EAM is being offered as a stand-alone product, J.D. Edwards has delivered maintenance management functionality for more than 10 years to several hundred clients. This release offers tight ERP integration with state-of-the-art asset utilisation functionality, and also brings forward significant enhancements. Enterprise Asset Management (EAM) technology allows enterprises to maximise asset productivity. For example, for asset-intensive enterprises, unplanned equipment downtime translates to an unrecoverable loss of revenue. EAM can synchronise operations requirements with maintenance to avoid unplanned shutdowns, select the appropriate technicians for the work, reduce the amount of repairs, and determine when maintenance should be scheduled to minimise interference with production schedules and project deadlines, or when an ageing machine should be repaired or replaced. “Current economic conditions are forcing businesses to focus on bottom-line results,” states John Van Decker, program director, META Group. “Asset-intensive businesses that implement EAM solutions can facilitate the scheduling of equipment downtime and the planning of maintenance outages in advance. By doing this, EAM can increase the efficiency of their assets, while decreasing the potential of lost revenue (and increased expense) caused by unplanned equipment failures. A solution effectively integrated into ERP processes can add value with an attractive return on investment.” J.D. Edwards EAM Integrates Asset Management into ERP J.D. Edwards EAM extends Computer Maintenance Management System (CMMS) technology by integrating asset utilisation technology with enterprise resource planning systems. This allows companies to not only manage assets, but to relate them to the enterprise. Through EAM, enterprises have real-time visibility of assets throughout the entire enterprise, linking utilisation and operational information about these assets with their book value, depreciation, and revenue and cost streams. This integration to other enterprise applications (including Workforce Management and Capital Project Management) provides further operational efficiency, synchronising operational needs with maintenance and enhancing utilisation as well. “J.D. Edwards EAM provides customers with an exceptional maintenance system that helps asset intensive enterprises in a wide range of industries better manage their assets and increase revenues,” said Lisa Fellows, vice president of cross industry product management, J.D. Edwards. “Regardless of external factors like economic conditions, competition or changing customer demands, EAM can drive more value from enterprises’ fixed investments. This is something enterprises can directly control to improve their bottom line.” J.D. Edwards EAM Functionality and Enhancements J.D. Edwards EAM features a state-of-the-art product to optimise reliability; enhance use of service technicians; assure vendors fulfil their warranty obligations; match parts, tools and personnel attributes to work requirements; and view auditable work order history. Significant enhancements to J.D. Edwards EAM include: * Failure Analysis – Identifies the cause of failures, tracks them to their causal source and helps prevent pending failures before an unplanned shutdown occurs; * Intelligent Graphics Solution (IGS) – J.D. Edwards’ solution also comes pre-integrated with IGS, which provides visual representation of assets or property, making the system easy for employees to learn and use. Other components included in J.D. Edwards EAM are: * Fixed Asset Management - Improves the accessibility and flow of important asset information for the entire asset life cycle; * Plant and Equipment Maintenance - Helps minimise equipment downtime by giving users the power to incorporate planned and preventive maintenance strategies into their operations; * Service and Warranty Management - Gives customers the power to integrate customer and product information enterprise-wide to better respond to clients’ needs quickly and efficiently. Warranties, work order history, parts history and other key activities are optimised. Realising the Benefits: Asset Utilisation Equals Increase in Revenue Asset-intensive industries such as oil and gas, telecommunications, utilities, construction, industrial manufacturers and mining among others, rely heavily on optimised utilisation of assets for competitive advantage. J.D. Edwards EAM allows enterprises to drive incremental revenue by maximising asset utilisation and minimising unplanned interruptions due to equipment breakdowns. It also allows enterprises to reduce both maintenance costs through better information on vital asset statistics, and reduce equipment costs by better management of parts and equipment inventories. At Cabot Corporation, a global company with operations in chemicals and speciality materials, J.D. Edwards' Enterprise Asset Management technology is an important element in an integrated global information infrastructure which, when completely implemented, will encompass a wide range of business processes, including Enterprise Resource Planning, Manufacturing Engineering Management, Supply Chain Management, Quality Management, and Customer Relationship Management. "Tightly integrated with our ERP and other business processes in this environment, our implementation of J.D. Edwards EAM technology for Plant and Equipment Maintenance will be our standard solution for preventive maintenance, predictive maintenance, work order management, and failure analysis," said Craig Bickel, CIO, Cabot Corporation. "We believe the benefits for improving our operational efficiencies are significant. As we rationalise our stores inventories and part numbers, the integrated system will give us a better ability to stage and appropriately distribute insurance parts and other forms of maintenance inventory to our manufacturing and distribution sites worldwide." About J.D. Edwards & Company J.D. Edwards is a leading provider of agile, collaborative solutions for the connected economy. The Company’s open solutions give organisations the freedom to choose how they assemble their internal applications and how they collaborate with partners and customers across the supply chain to increase competitive advantage. Founded in 1977, J.D. Edwards is headquartered in Denver, CO. Additional information can be obtained by contacting the Company via the Internet at http://www.jdedwards.com or at 0118 909 1700. Copyright © J.D. Edwards World Source Company, 2001. J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other products and services of J.D. Edwards used herein are trademarks or registered trademarks of J.D. Edwards World Source Company. All other product names used herein are trademarks or registered trademarks of their respective owners. Contacts: Kathryn Howarth J.D. Edwards 0118 909 1700 firstname.lastname@example.org Giles Peddy/Annabel Perry The Weber Group 0207 240 6189 email@example.com firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of Golin in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.