The NRX Blog
Different Ways to Decorate the Asset Hierarchy Tree
Preparing for the holidays and decorating can be much more fun as you change the décor in your offices to match the season. Decorating your asset hierarchies with different ornaments can be just as fun for your business. Here are some new ornaments to adopt to see a change in your asset hierarchy trees’ usefulness.
Asset Hierarchy Slip-Ups
Managing assets in an asset-intensive business can be difficult if you do not have a system to help keep track of every little detail. An asset hierarchy is a tool in your EAM/CMMS solution that can improve asset management – it keeps a record of all your assets and details. However, your asset hierarchy must be constantly maintained and updated; otherwise, obsolete data can harm your business. Common asset hierarchy slip-ups can harm the usefulness of your EAM/CMMS. Learning how to prevent consequences from asset hierarchy slip-ups is a good decision for bettering future operations.
Holiday Shopping List: Asset Management Strategies
As you prepare for the holidays by making a shopping list, don’t forget to make a list of improvements for your EAM/CMMS also! As the New Year approaches, it is the perfect time to keep a list of improvements you can make to your asset management strategy to strengthen the ROI of your EAM/CMMS going forward. Keep this list in mind as you manage your assets – it may help liven up your EAM/CMMS for a bit of festive cheer.
Gifting Your Business a Better Data Foundation
A sparkling clean data foundation is the best gift you can give your organization this holiday season! The gift of organizing your asset hierarchy for a better data foundation can bring festive cheer to your organization by making everyone’s work better and more productive. Here is a list of all the presents that a good EAM/CMMS can bring to your business.
Business Benefits: Fixing Your Data Foundation
EAM/CMMS systems exist to help businesses optimize the lifetime of their assets and increase productivity through decreased downtimes and reduced operational costs. However, it is impossible to achieve full business benefits from your EAM/CMMS if you have a poor asset data foundation. Business benefits only come when your data foundation is fixed – it is difficult to expect your data to help you make decisions when it is incomplete, has discrepancies, and has inaccuracies.
Asset Hierarchy – EAM Priority Fix
When starting any capital project, we should start with reorganizing the asset hierarchy. An organized asset hierarchy is a prerequisite for scheduling preventative maintenance, tracking equipment failures, efficient work processes, and failure analysis. A common challenge for companies with their asset hierarchy is standardizing and completing the data to be suitable for plant maintenance. Since asset hierarchy is important in many ways – it should be the first fix in any EAM/CMMS capital project.
Asset Hierarchy Challenges in Your EAM/CMMS Solutions 2
We have introduced the concept of challenges users of EAM/CMMS solutions face before, but there are more challenges to discuss. Here is part 2 of a list of common challenges and frustrations SAP, Maximo, or any enterprise assessment management software users experience – and how we can help.
Missing Basics of Asset Reliability
We have gone through what will happen if you are missing basic asset information in your EAM/CMMS, but do you know what will happen if the basics of asset reliability have not been implemented? This article will introduce some basic concepts that should be followed if you want reliable asset data and the consequences if it is missing.
Asset Hierarchies for a Strong EAM Data Foundation
If your organization is using an EAM/CMMS solution to manage your assets, chances are that you want the software to do its job. However, it is difficult to achieve the full benefits of your software solution without accurate and complete data about your assets and maintenance routines in your EAM/CMM system. Therefore, a strong asset hierarchy foundation is important to maintain for safe and reliable operations.
Asset Hierarchy Recommendations and Fixes 2
Learning how to check that your asset hierarchy doesn’t yet meet standards can be daunting if you don’t know what to look for, but don’t worry! We have a small checklist of items that an asset hierarchy should adhere to. If you’re interested in part one of this blog, read “Asset Hierarchy Checklist and Fixes”. Having an organized asset hierarchy is a powerful tool to assist you and your organization in daily tasks.