The NRX Blog
Asset Hierarchy Recommendations and Fixes
Having an organized asset hierarchy is beneficial to you and your organization. To find out how to read “Benefits of Restructuring Your Asset Hierarchy” and “The impact of poor asset data on your EAM/CMMS effectiveness.” To ensure that your asset hierarchy is organized, we have organized a small list of checklists and reasons you need to check if your asset register is organized.
Missing Basic Asset Information and Its Impact
There are consequences to missing basic information in your EAM/CMMS solutions that have long-term impacts on your workflow. While reading through this post, keep a checklist as you go through this list to see if you’ve been facing any of these problems. If you have, make sure that you’re not missing any of the key information listed and if you do, fix the root cause if you want to remove the problems permanently.
Asset Hierarchy Challenges in your EAM/CMMS Solutions
You’ve just set up your EAM/CMMS solution, and you’re ready to use it to help streamline your processes. However! You run into frustrations and challenges as you use your EAM/CMMS daily. Here’s a list of common challenges and frustrations SAP PM, IBM Maximo, or any enterprise assessment management software users experience.
Asset Hierarchies – Why You Need It and How Should it be Set Up
An asset hierarchy shows the relationships between your plant, equipment, and parts to keep track of past data and to help facilitate operations.
Asset Hierarchy for Effective Maintenance
Effective maintenance means being proactive and scheduling your equipment for regular maintenance to make sure the equipment lasts and doesn’t break down. Not only is regular maintenance cost-effective, but it can also make your production process more efficient since you don’t have to lose time from unplanned downtimes when your machinery shuts down randomly. To make sure that you are on top of maintaining your equipment, an accurate asset hierarchy is essential, and here’s why.
Understanding Hierarchical Structures in Your EAM/CMMS
The concept of an asset hierarchy is easy to understand but even though it’s something simple, it can have a large impact on your day-to-day operations.
Should You Align Your Asset Hierarchy with a Standard?
Whether you want to get the full benefits of your EAM/CMMS system or you are preparing your data for an EAM migration, you will need to optimize your asset hierarchies. To optimize your asset hierarchy, you should align it with a standard. If your company already has a standard that you use excellent, if not we recommend ISO 14224 for petroleum, petrochemical, and natural gas industries.
Impact of Poor Asset Data on Your EAM/CMMS Effectiveness
As you may already know, poor asset data quality is bad for business. Effective asset management depends on accurate and complete information in your EAM/CMMS systems. Suppose you can’t find the information you need on time. In that case, your business will experience delays in day-to-day operations, more extended downtimes, and difficulties in planning and scheduling maintenance and much more.
How to Name Equipment in Your Asset Hierarchies
Having conventional and legible naming systems should be a simple concept. Still, in many cases, a significant amount of EAM/CMMS systems are disorderly. They have such bad-quality asset data that it’s practically impossible for technicians to find the necessary information. It’s time to learn how to name and organize your asset data to improve work quality for those who need it.
Benefits of Restructuring Your Asset Hierarchy
It’s time to restructure your asset hierarchy to reap the benefits of your EAM/CMMS system. Unplanned downtime can be a cash bleed for any sector that deals with manufacturing. To reduce the risk of unplanned downtime, you should record and extrapolate from failure data.