The NRX Blog

An EAM migration is a significant transitionary period for an asset-intensive company. Your system will go through various changes, so this is an ideal time for companies to re-strategize their maintenance procedures.

Keeping your existing legacy system in place can be costly for your organization. You could also be losing money from your current EAM/CMMS system that is inefficient or laced with bad data.

It makes sense for companies to complete data migration and system upgrade simultaneously because why not kill two birds with one stone? On the other hand, it is also important to note that a data migration by itself is a time-consuming and labour-intensive project. The same goes for an ERP system upgrade. So imagine combining those significant projects.

Building effective bills of material is not an easy task. It becomes a shame when so much is invested into building BoMs that turn out to be ineffective and difficult to use. For some companies, their BoMs becomes so unreliable that they don’t even get used at all.

When used correctly, asset hierarchies become a solid foundation for asset management and helps streamline maintenance and reliability activities.
Many companies struggle with building or reorganizing their hierarchies, so you are not alone if you have this problem. There are a couple reasons why you may be finding it difficult to extract value from your asset hierarchy.

There is no point in using a bill of materials if your materials data is inaccurate. When done correctly, a BoM will help revamp your company’s maintenance strategy by decreasing downtime and increasing wrench time.

With any company, adequate employee training is critical to business performance. Without appropriate training, you leave workers frustrated, confused, and decrease overall morale. This will be very evident in productivity and likely prevent your company from reaching performance goals. The same theory directly applies to maintenance and reliability professionals at asset-intensive companies.

There are many contributing factors to the high cost of constructing BoMs. One of them would be building it out in a spreadsheet and then transferring the data to an EAM system. Starting in a spreadsheet may be simple; after all, everyone is familiar with Excel, right? But it may result in unnecessary extra cost for your company.

The fundamental aspects of managing an EAM/CMMS system are quite a few. One of the key aspects is ensuring asset and maintenance master data is created and maintained accurately to support maintenance operations.

Third party contractors may not have access to productivity tools or cloud-based software. Cloud-based solutions make it easier for asset-intensive companies or third party-contractors to build BoMs. It is easier to track progress, with everyone having easy access. There are also many more tools assisting with editing, reviewing, and even visualizing. Not to mention the opportunity for added security.