GSS

★ basic

Global Shop Solutions Asset Management

Enterprise asset management including preventive maintenance, asset lifecycle tracking, work order management, and asset depreciation.

Global Shop Solutions offers foundational Asset Management capabilities suitable for basic needs. Advanced asset management requirements may need add-ons or third-party integrations.

Key Capabilities

Asset registry and lifecycle tracking

Comprehensive asset database with acquisition date, location, specifications, warranty, and full maintenance history. Tracks each asset from procurement through active service to disposal or replacement.

Preventive and predictive maintenance scheduling

Calendar, meter, and condition-based maintenance triggers with auto-generated work orders and resource scheduling. Shifts maintenance from reactive break-fix to planned interventions that extend asset life.

Work order management for maintenance

Structured maintenance work orders with task lists, labour assignments, parts reservations, safety permits, and completion sign-off. Provides full visibility into maintenance backlog, schedule, and resource loading.

Spare parts inventory management

Dedicated maintenance stores with min/max reorder levels, criticality-based stocking, and automatic replenishment from purchasing. Ensures critical spare parts are available without over-investing in slow-moving inventory.

Asset depreciation and financial tracking

Integrated asset accounting with book and tax depreciation methods, revaluation, impairment, and disposal processing. Links maintenance costs to asset records for total cost of ownership analysis.

Maintenance KPIs (MTBF, MTTR, OEE)

Automated calculation of Mean Time Between Failures, Mean Time To Repair, Overall Equipment Effectiveness, and planned vs unplanned maintenance ratios. Drives continuous improvement in reliability and maintenance efficiency.

Mobile maintenance execution

Mobile app for technicians to receive work orders, record readings, log labour and parts, attach photos, and close jobs from the field. Works offline for facilities with limited connectivity.

IoT integration for condition monitoring

Connects to vibration, temperature, pressure, and other sensors for real-time equipment condition dashboards. Feeds sensor data into predictive models that forecast failures and auto-trigger maintenance work orders.

Asset Management — Vendor Comparison

Vendor	Strength	Best For	Starting Price	TCO	Implementation
SAP S/4HANA Private Cloud	★★★ strong	Large, complex enterprises needing deep customisation and controlled upgrades	Custom	$500K–$5M+	6–18 months
Oracle ERP Cloud	★★★ strong	Large enterprises moving from on-premise Oracle to cloud	Custom	$400K–$3M+	9–18 months
Microsoft Dynamics 365	★★★ strong	Mid-to-large companies in the Microsoft ecosystem	$70/user/mo	$150K–$1M+	6–14 months
Infor CloudSuite	★★★ strong	Large enterprises wanting industry-specific cloud ERP	Custom	$300K–$2M+	9–18 months
Infor M3	★★★ strong	Process manufacturers (food, chemicals, pharma) needing batch/formula control	Custom	$250K–$1.5M	8–15 months
IFS Applications	★★★ strong	Asset-intensive industries needing ERP, EAM, and field service in one platform	$110/user/mo	$200K–$1M+	6–14 months
JD Edwards EnterpriseOne	★★★ strong	Large manufacturers and distributors with complex operations	Custom	$500K–$5M	9–18 months
SAP ECC	★★★ strong	Existing SAP ECC customers planning S/4HANA migration	Custom	$1M–$50M+	12–36 months

How to Evaluate Asset Management

1Preventive maintenance scheduling flexibility
2Integration with IoT sensors and SCADA
3Mobile maintenance execution capabilities
4Asset financial tracking and depreciation
5Maintenance KPI dashboards

Pricing Impact

Global Shop Solutions pricing starts at $65/user/mo with a typical total cost of $30K–$150K. The asset management module is rated basic — a basic capability that may need add-ons for advanced needs.

View full Global Shop Solutions pricing breakdown →

Global Shop Solutions — Pros & Cons

Advantages

+All-in-one platform — no need for separate modules
+Deep shop floor control with real-time dashboards
+Strong quality management and SPC tracking
+Affordable for small manufacturers

Considerations

-No field service module
-Limited scalability beyond 250 users
-Smaller partner ecosystem
-Ecommerce and CRM are basic

Explore Global Shop Solutions by Industry & Company Size

Industries

ERP for Manufacturing

Company Size

Small Business (1–50)Growing Business (51–250)

Asset Management FAQ

What is EAM in ERP?

Enterprise Asset Management (EAM) in ERP manages the full lifecycle of physical assets — from acquisition and maintenance to disposal. It includes preventive maintenance scheduling, work orders, spare parts management, and asset depreciation.

Which ERP has the best asset management?

IFS Applications, SAP (with SAP EAM/PM), and Oracle (with Oracle EAM) offer enterprise-grade asset management. Infor M3 and JD Edwards also have strong EAM capabilities for asset-intensive industries.

Do I need a separate CMMS or is ERP asset management enough?

For most companies, ERP asset management handles preventive maintenance, work orders, and asset tracking well. Asset-intensive industries (utilities, mining, oil & gas) may benefit from dedicated CMMS/EAM solutions like Maximo or Infor EAM.

What is preventive vs predictive maintenance?

Preventive maintenance is scheduled at fixed intervals (e.g., every 90 days). Predictive maintenance uses IoT sensor data and analytics to predict when equipment will fail, servicing only when needed — reducing costs and downtime.

How does ERP track asset depreciation?

ERP asset management integrates with finance to track asset depreciation using methods like straight-line, declining balance, or units-of-production. This ensures accurate financial reporting and tax compliance for fixed assets.

Related Resources

Overview

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