Enterprise Asset Management (EAM) refers to the systematic process of managing an organization's physical assets throughout their lifecycle. This includes planning, acquiring, operating, maintaining, and disposing of assets to maximize their value and efficiency. EAM helps organizations reduce costs, improve productivity, and ensure compliance with regulations. EAM systems often utilize software tools to track asset performance, schedule maintenance, and analyze data for informed decision-making. By integrating with other systems, such as Enterprise Resource Planning (ERP) and Computerized Maintenance Management Systems (CMMS), EAM provides a comprehensive view of asset management, enhancing overall operational effectiveness.