Enterprise Asset Management (EAM) allows organizations to maintain maximum production at minimal operating costs by ensuring reliability and extending the life span of physical assets. However, EAM installations often fail to deliver desired results in asset-intensive industries due to lack of focus on business process, lack of integration to other enterprise business systems, poor quality of EAM master data, and an inability to maintain in-house expertise to support the EAM installation. With the evolution of technology, firms are emphasizing adoption of a single EAM solution catering to all their EAM needs. Stratum Consulting Partners, an EAM consulting and technology services firm, helps clients optimize performance of their EAM software and physical assets.
Stratum is an Alliance Partner of Infor—a leading supplier of EAM products and services, helping companies in improving operations and driving growth across numerous industry sectors. “EAM technologies and best practices play a critical role in our client’s success,” says Clay Bush, Stratum Founder. “Our integrated approach brings together these elements to help organizations increase productivity, improve asset reliability and reduce risk while minimizing costs.”
Stratum delivers a comprehensive suite of EAM professional and technical services to help organizations get the most out of their EAM investment. Stratum’s methodologies leverage four key EAM areas to streamline practices and improve access to asset management information—EAM software platform capabilities, reporting and business intelligence services, integration technology services and mobility applications. “We assess data quality and content for organizations. We do effective cleansing and coding of data to make it consistent and reliable for reporting,” adds Bush. After successfully building quality datasets, Stratum offers clients a library of KPIs and performance management reporting to demonstrate results of their improved business processes. “Our EAM best practice and system integration models incorporate sound business operations with latest technologies to streamline and enhance EAM implementation projects,” explains Bush.
We provide clients with best practice methods, data coding structures and technology solutions that help them maximize their EAM investment
Stratum’s Asset Value Model is a collection of blueprints and templates that provides clients with a starting point to successfully build their asset management system. “We help clients implement efficient, proven workflow practices,” says Bush. “We also provide a refined set of coding libraries that incorporate types, categories, RCM and other classification codes for asset and MRO materials management.” The company has also created specific templates for different industries, aligned with ISO 55000 standards. Stratum offers configuration around EAM that allows clients to conduct asset condition assessments, and includes that survey data into EAM models. Clients can amalgamate that data with their asset performance history to produce state of good repair analyses and future projections of capital asset replacement requirements.
Stratum recently helped a leading Colorado-based craft brewing manufacturer undertake a progressive step to enhance their EAM processes. Although a traditional user of Infor MP2, the client wanted to improve their EAM system, as they were in the midst of construction of a new brewery. “We assisted their efforts to implement best practice models related to equipment structure, nomenclatures and associated documentation. We helped them focus on leveraging data they had been diligently assembling over the years, and aligning process and infrastructures to construct a successful system and model,” asserts Bush.
For the days to come, Stratum will accelerate investments in cloud application and integration technologies. Leveraging the Amazon Web Services cloud platform and solutions, the company plans on investing in migrating EAM data, applications and business intelligence to the cloud. “We will continue to invest in EAM and business intelligence tools and build new integration capabilities,” concludes Bush. “We will also continue to invest in strengthening our team member’s skills related to asset management and reliability principles, to maximize their value to clients as we implement EAM solutions.”