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03 Nov 2016

Repair, Optimize, and Maintain Data Excellence

November 03, 2016Blog

Even the most complete and accurate asset and maintenance data can degrade over time as assets are upgraded or decommissioned, engineering changes are made, or maintenance practices are altered. If the data in your EAM or CMMS system is not updated for every such change, it quickly becomes out of date. The cost of incomplete or inaccurate EAM and CMMS data is significant, in people costs (decreased wrench time and decreased asset performance) and operational costs (increased downtime, overstocked parts, or under-stocking of critical spares). Organizations that fail to maintain their EAM or CMMS data on an ongoing basis frequently find themselves in a Brownfield situation, where they must undertake a complete rework of their data for part of their organization: a costly exercise that is very difficult and inefficient to manage using spreadsheets.

 

We can help you maintain and optimize your EAM/CMMS data with ease.

 

NRX AssetHub helps our customers identify and repair critical gaps, duplications, and errors in their asset and maintenance data in their EAM or CMMS system. We give them the power to validate changes to data against corporate and industry standards, enrich their data with visual and enhanced content, and improve maintenance and operations performance by helping them apply the right maintenance strategies to the corresponding assets, and optimize their spare parts inventory.

Let’s take a closer look at the way our customers have used and benefitted from using NRX AssetHub to repair and optimize their EAM and CMMS data.

 

Convert Data for Acquired Assets to New Corporate Standards with Ease

Repairing poor-quality EAM or CMMS data for one or more assets requires a clear understanding of what data is incorrect, incomplete, and out of compliance with current corporate standards. Obtaining this information is very difficult and time-consuming. Our solutions make it easy for our customers to find and resolve data quality issues, including duplicated, non-compliant, and missing components during CMMS migration or EAM implementation projects. For example, our reports can identify all safety-critical equipment that is missing a maintenance plan so that easy adjustments can be made.

Optimizing or Changing Maintenance Strategies for Existing Assets

Our customers often go through wholesale changes to the way in which they maintain their assets. In recent years, we have helped many customers prepare for the adoption and implementation of a Reliability Centered Maintenance (RCM) program. An RCM strategy is only as good as the data on which it is based. This also holds true when implementing expensive Asset Performance Management (APM) software. Without a strong data foundation, many businesses fail to realize the potential value of the technology and struggle to correct the underlying issue. Our solutions provide APM and RCM solutions, like Meridium and Bentley (Ivara AssetWise), with a clean asset hierarchy to help define system boundaries and aid in the successful loading of data. In turn, our software makes it easier to determine asset criticality and recommended actions, both of which heavily influence the creation of maintenance strategies for the operation.

Plant (Asset) and Warehouse (Parts) Walkdowns to Ensure CMMS Data Reflects the Physical Plant

Asset-intensive businesses often find that their digital asset data does not accurately reflect their physical environment. This “gap” in data can result in, among many things, unplanned shutdowns due to un-stocked spares, lost wrench time to parts and equipment searches, and duplicate and overstocked spare parts inventory. Our solutions help our customers conduct plant and warehouse “walkdowns” to help them compare records, identify gaps and inaccuracies, and quickly and easily update their data.

Optimize Inventory and Eliminating Duplicates through SKU Matching

A SKU (Stock Keeping Unit) refers to the unique ID of a material in a CMMS or EAM system. Because each manufacturer has its own part number for its spare parts, and these bear no resemblance to the SKU in the EAM or CMMS system, asset-intensive businesses have difficulty managing multiple sets of part numbers, and relating them to each other. Our solutions make it easy to match a manufacturer’s part with its corresponding SKU number. Using NRX AssetHub, our customers can match multiple manufacturer parts to a single NRX AssetHub SKU, thereby creating an alternative spare parts list. For example, two manufacturers may use the same size bolt for different purposes. Rather than stocking the bolt for both manufacturers, our customers can SKU match both manufacturer parts to the same material in NRX AssetHub, and stock it only once.

 

Key Benefits Realized

  • More wrench time. NRX AssetHub typically helps our customers increase wrench by at least 25%.
  • Better Maintenance and Operations. NRX AssetHub typically helps our customers realize a savings of at least 2.5% of the cost of ongoing maintenance and operations.

 

If you would like to find out more about how NRX AssetHub can help you easily repair and optimize your EAM/CMMS data, give us a call.

If you would like to find out about this solution or the many other ways NRX AssetHub can help your business, check out the link: http://www.nrx.com/solutions/

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