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 result in significant revenue loss in many industries. To reduce the risk of unplanned downtime, you should record and analyze your equipment failure data. 

Easier time for Technicians and Maintenance Planners 

Organize your asset hierarchies intuitively in your EAM/CMMS system for technicians to find the correct piece of equipment efficiently. The hierarchy can be area-based or relationship based. Still, it should be structured like a well-organized folder structure and have some parent-child relationships so the maintenance technician working on a piece of equipment can easily find the right equipment in the EAM/CMMS.  Technicians can’t create work orders against the correct piece of equipment in the EAM/CMMS if they aren’t sure it’s the one they are working on. Restructuring your asset hierarchy will allow technicians and maintenance professionals to make sure important reliability information is captured against the correct equipment.

Effective Asset Management 

Preventive maintenance is highly cost-efficient – you can save over 40% on expenses compared to reactive maintenance. However, you can waste time searching for basic details such as model and identification without an organized asset hierarchy and asset register because of poor record-keeping and naming conventions. Unstructured asset hierarchies can lead to poor records of failure data leading to assets being undermaintained or over-maintained. Both options can result in increased failure and maintenance costs. Therefore, a structured asset hierarchy is a key to decreasing failure rates and cost-savings.

Unlock the Full Potential of your EAM/CMMS system

It is nearly impossible to receive the business benefits of an EAM system without accurate and complete asset data. Instead of purchasing new software, it is cheaper and more cost-efficient to spend time cleaning up poor quality asset data. If you do not worry about the quality of your data before you migrate, you will have to spend more money to fix it when you realize it’s unusable.

NRX AssetHub, powered by HubHead, helps asset-intensive businesses restructure their asset hierarchies to achieve high-quality asset and maintenance data for its EAM and CMMS systems. If you want to learn more about our solution or help optimize your EAM system, you can download one of our brochures or book a demo, and our team will be happy to help!