The NRX Blog

Having information detailing the parts needed to repair and maintain critical equipment is not a new need, yet remains vital to successful operations, especially in the manufacturing industries. Maintenance professionals should have a holistic view of their asset data and be fully aware of all aspects required for maintenance.

The data and analytics you have access to in your EAM or CMMS system lies at the centre of building an effective predictive maintenance strategy, saving your company much time and money. Accurate data will give you clear insight into your asset performance, to help you better understand the source of all your downtime.

Most of the causes of downtime can be prevented, but there are things that no one has control over such as catastrophic weather events, even with a planned process in place. Given that most of the reasons behind unexpected downtime are preventable, it is important your company ensures enough resources are being channeled toward preventing the unnecessary lost revenue and increased costs that result from downtime

If your master data is not cleansed regularly, your operations will take a hit. Once asset and maintenance fails to perform as it should, a chain reaction occurs significantly impacting maintenance operations. This is why the most effective strategy is ensuring asset and maintenance data is clean before loading it into a new EAM or CMMS system.

Having a top tier EAM or CMMS system will not fix bad data. Therefore, it is crucial for an asset-intensive organization to ensure their data is clean and accurate before performing a migration. Otherwise, the problems you were dealing with before will only get worse. When a company’s master data is bad, it has a direct effect on maintenance practices and can drastically slow down business operations, leading to increased downtime and of course, higher cost.

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.