Infor announced the availability of an enhanced Infor Enterprise Asset Management (EAM) that is designed to optimize mobile, transit and cloud technologies for asset management customers. The new version of the asset management system will incorporate developments from last year's cloud-only update, while introducing robust, industry-based functionalities to improve value for all users including new transit and mobility capabilities.
Infor EAM includes significant updates to nonconformity tracking; Open Computer-Aided-Design (CAD), equipment ranking and user interface (UI), to better facilitate asset monitoring and management.
"The latest version of Infor EAM helps drive adoption of cloud technology that lowers the IT support costs for asset management. By building out a product that utilizes both cloud and features-driven approach, Infor is delivering a product that fulfills the needs of a growing number of public and private industries," said Ralph Rio, vice president, ARC Advisory Group. "This release delivers a robust solution to customers in need of mobile, transit and cloud technologies for asset management."
Major Enhancements
The update to Infor EAM will also include expanded equipment ranking to help ease a complex process with person-to-person and day-to-day variables. This is designed to add a layer of consistency, and once a rank is assigned includes factors such as changes in environment, regulations, procedures, and methods. The newly developed equipment ranking function features a survey in which a numerical value is assigned, so answers are provided and the system can apply the valuation to a defined algorithm that in turn calculates a ranking score and index. This introduces a level of consistency, flexibility, and logic to the process of determining equipment rankings.
"The latest version of Infor EAM is designed to provide certain important functionality for all industries, and specifically for transit agencies," said Mike Stone, product manager, Infor EAM. "It provides capabilities to track and record incidents that fall outside the normal work order process, and can help streamline the difficult task of uniformly ranking equipment. It also gives those in the transit industry new tools for accessing their EAM solution."