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.
Much More Usable EAM/CMMS
Trying to navigate through an EAM/CMMS system that is disorganized can be an intimidating task, especially if you are a new or inexperienced user of SAP, Maximo, and other asset management systems. The solution is to standardize your asset hierarchy for a much more usable EAM/CMMS. A standardized asset hierarchy includes naming conventions that are normalized throughout the system so even inexperienced users can find the equipment they were looking for. Coupled with tagging your equipment in the field, this is a foolproof tactic to quickly navigate through your EAM/CMMS to find exactly what you need. An organized EAM/CMMS is a functional EAM/CMMS.
Improved Reliability, Less Downtime, and Lost Production
Improving your data foundation can also increase the reliability of your asset data because you know for sure that the data you have recorded is not old, obsolete, incomplete, or inaccurate. The best way to minimize downtime and lost production is to keep your equipment running at peak performance. One method to extend the shelf-life of your equipment and keep it running at peak performance is to have a good maintenance plan scheduled according to schedule regular preventative maintenance and have a strong analysis backbone to help plan the maintenance times. An asset hierarchy can help with criticality analysis to effectively schedule PMs to minimize downtime and lost production.
Get Expected ROI from EAM/CMMS
So many organizations adopt and migrate to new EAM/CMMS solutions only to be disappointed when the return on their initial investment is not as high as they expected. To get the expected ROI from your new. EAM/CMMS you need a strong data foundation. Read “Fix Your Data Before an EAM Migration” to learn more. Without a strong asset hierarchy, you cannot analyze what tends to fail and order the severity/criticality of the impact of the failure. This in turn means that it becomes much more difficult to prioritize maintenance orders – which can lead to inefficient maintenance and overspending on equipment. On the other hand, you can also undermaintain your equipment leading to shorter lifespans and having to spend more to replace the equipment. The costs of a fractured data foundation add up over time, so make sure you have a strong data foundation to get the expected ROI from your EAM/CMMS systems.
NRX AssetHub for a Good Data Foundation
If you are worried about your data foundation, NRX AssetHub provides a great solution to reorganizing your EAM/CMMS data to be standardized and accurate. Using NRX AssetHub to rebuild your data foundation saves a significant amount of time compared to organizing it yourself and it is cheaper compared to the expensive IT resources you will need to use if embarking on this journey alone. We make it easy to report on data and to find issues in your EAM/CMMS as well as make it easier to load and validate the data that is entered into your management systems. Book a demo with us or download one of our NRX AssetHub brochures to learn more about our solution!
Asset Hierarchy Best Practices
Benefits of Restructuring Your Asset Hierarchy
Asset Hierarchies for a Strong EAM Data Foundation
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