1. Enterprise Resource Planning (ERP) :
Enterprise Resource Planning (ERP), as name suggests, is an software tool that is used to plan all resources present within any organization i.e. manage all activities within organization.
2. Enterprise Asset Management (EAM) :
Enterprise Asset Management (EAM), as name suggests, is an software tool that is used to manage, organize and keep information regarding all assets present within any organization.
Difference between ERP and EAM :
|It focuses on all activities or operations and tasks of organization.||It focuses on all assets of organization.|
|ERP generally manages all operations.||EAM generally manages monitoring and operation of assets.|
|This software is usually developed to help organization to effectively manage financial, sales, manufacturing, human resources, and production operations.||This software is usually developed to help organization to maintain assets, increase their efficiency, streamline work orders, repair assets, record information regarding assets, etc.|
|It also manages operations regarding accounting, data entry, administration, etc.||It does not manage any operations regarding accounting, data entry, administration, etc.|
|It is generally good for large scale organizations that wants to manage all of their business operations.||It is generally good for organizations that are highly dependent on their assets and wants to manage assets like machines, components, equipment’s, etc.|
|It does not allow one to make informed decisions regarding assets.||It allows one to make informed decisions regarding assets.|
|It does not increase lifespan of assets.||It increase lifespan of assets.|
|It is more complex than EAM and its difficult to use.||It is less complex than ERP and is not difficult to use.|
|It is more difficult to implement ERP.||It is less difficult to implement EAM.|
|It does not allow one to perform and schedule preventive maintenance.||It allows one to perform and schedule preventive maintenance.|
|It does not saves money.||EAM overall saves money.|