Equipment-as-a-Service
Equipment-as-a-Service, or EaaS, is the act of renting machinery (Eg: Visual Inspection Equipment) to manufacturers and periodically collecting payments based on a set of pre-defined KPIs. EaaS differs from equipment leasing in that this model includes several other contract forms, such as guaranteed uptime, throughout throughput, speed or quality assurance, with KPIs in determining payout rate