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 breaks down. To make sure that you are on top of maintaining your equipment, an accurate asset hierarchy is essential, and here’s why.

Proactive Maintenance

Running your equipment to the point of failure can cost more than 10 times the cost of proactive maintenance. An organized asset hierarchy can make this process a lot easier if you keep good records of historical failure data. Keeping track of failure data in your EAM/CMMS will allow you to predict the lifetime of your equipment and schedule them for maintenance when they historically need to be repaired.

Easier Scheduling 

To practice effective maintenance, you need to regularly schedule downtimes to repair and replace parts that are worn out. Having an organized asset hierarchy helps with this process because you can easily find the correct parts and machines that you need to repair and maintain. If you can determine what equipment needs maintenance, you can schedule downtimes for plants and locations to maximize the number of machines that will be repaired. This way you can minimize the losses in production due to maintenance downtimes.

Cost Effective 

Your EAM/CMMS should keep track of costs and where you spend your money to maintain your equipment. A well-organized asset hierarchy will allow you to roll-up costs efficiently to better report and manage your maintenance budget. Standardizing will allow you to compare apples to apples and oranges to oranges and facilitate rolling out best practices across your organization. 

How NRX AssetHub Helps 

To practice effective maintenance, make sure that your asset hierarchy is organized and complete. If you are having trouble reorganizing your asset hierarchy, we can help! NRX AssetHub is a software solution to help maintain a consistent standard in your asset hierarchy. Book a demo or download one of our brochures if you’re not sure where to get started. We provide information on solutions for all aspects of your EAM/CMMS system.