The NRX Blog
Data Cleansing Solution Pt. 2
If you’ve read part one of our blog on the benefits of data cleansing solutions, you would know that sometimes it’s much more efficient to outsource your capital projects to experts than to do-it-yourself.
Benefits of Using a Data Cleansing Solution (to Fix Your Asset Hierarchy)
There are many benefits to using a data cleansing solution to fix your asset hierarchy instead of doing it yourself or leaving it unorganized.
Freezing Your Equipment at Peak Condition
Use your asset hierarchy to freeze your equipment at peak condition! Having your equipment at peak condition forever is the dream of many asset-intensive companies as it optimizes your production processes. However, many people need to learn how to keep their equipment frozen in its best condition. An asset hierarchy is a great tool to keep your equipment in tip-top shape.
A Frosty Reception to Improving Asset Hierarchy
Even if you realize the importance of an asset hierarchy, a frosty reception from your organization about improving it may hinder the chances of organization-wide data cleanup. The lack of executive support can be because they need to recognize the benefits for many reasons, so you need to have a solid financial and data analysis prepared to convince them. We have included a list of reasons why you may be receiving a chilly reception to your plan to improve your asset hierarchy – and some counterpoints to convince your organization to change for the better.
Different Ways to Decorate the Asset Hierarchy Tree
Preparing for the holidays and decorating can be much more fun as you change the décor in your offices to match the season. Decorating your asset hierarchies with different ornaments can be just as fun for your business. Here are some new ornaments to adopt to see a change in your asset hierarchy trees’ usefulness.
Asset Hierarchy Slip-Ups
Managing assets in an asset-intensive business can be difficult if you do not have a system to help keep track of every little detail. An asset hierarchy is a tool in your EAM/CMMS solution that can improve asset management – it keeps a record of all your assets and details. However, your asset hierarchy must be constantly maintained and updated; otherwise, obsolete data can harm your business. Common asset hierarchy slip-ups can harm the usefulness of your EAM/CMMS. Learning how to prevent consequences from asset hierarchy slip-ups is a good decision for bettering future operations.
Holiday Shopping List: Asset Management Strategies
As you prepare for the holidays by making a shopping list, don’t forget to make a list of improvements for your EAM/CMMS also! As the New Year approaches, it is the perfect time to keep a list of improvements you can make to your asset management strategy to strengthen the ROI of your EAM/CMMS going forward. Keep this list in mind as you manage your assets – it may help liven up your EAM/CMMS for a bit of festive cheer.
Gifting Your Business a Better Data Foundation
A sparkling clean data foundation is the best gift you can give your organization this holiday season! The gift of organizing your asset hierarchy for a better data foundation can bring festive cheer to your organization by making everyone’s work better and more productive. Here is a list of all the presents that a good EAM/CMMS can bring to your business.
Business Benefits: Fixing Your Data Foundation
EAM/CMMS systems exist to help businesses optimize the lifetime of their assets and increase productivity through decreased downtimes and reduced operational costs. However, it is impossible to achieve full business benefits from your EAM/CMMS if you have a poor asset data foundation. Business benefits only come when your data foundation is fixed – it is difficult to expect your data to help you make decisions when it is incomplete, has discrepancies, and has inaccuracies.
Asset Hierarchy – EAM Priority Fix
When starting any capital project, we should start with reorganizing the asset hierarchy. An organized asset hierarchy is a prerequisite for scheduling preventative maintenance, tracking equipment failures, efficient work processes, and failure analysis. A common challenge for companies with their asset hierarchy is standardizing and completing the data to be suitable for plant maintenance. Since asset hierarchy is important in many ways – it should be the first fix in any EAM/CMMS capital project.