Is your business’ asset hierarchy out of order? Asset hierarchy structure is a way to organize all equipment and machines that are located in one or more locations. Often times, asset-intensive companies may find that their asset hierarchy structures are overlooked.
When a company’s asset hierarchy is not structured properly, it can be significantly more difficult to track assets and manage maintenance and operations across different facilities. This results in a waste of time and resources that could be spent elsewhere. Contrarily, when asset hierarchies are used correctly, they can substantially improve the accuracy and organization of managing assets and equipment. It is imperative to ensure your asset hierarchy is in order to best maintain your assets.
How to Get Your Asset Hierarchy in Order
Getting your asset hierarchy in order can be simple when you align it to an international standard, such as ISO 14224 or RDS-PP. An international standard will allow organizations to follow clear standards and ensures consistency across different locations and facilities.
- ISO 14244 for Oil and Gas:
- Ensures consistency in data organization
- Indicate failure trends
- Improved decision making in regards to parts and equipment maintenance
- Enhances regulator trust
- Easier visualization and analytics
- RDS-PP or KKS for Power Generation:
- Makes planning and construction efficient
- Maintenance work becomes more efficient
- Can compare reliability and financial performance
How We Can Help
Need help organizing your EAM asset hierarchy? We can help! NRX AssetHub can help you easily align your asset hierarchy with international standards such as ISO 14224 or RDS-PP. Aligning your asset hierarchy with a standard can better help you to collect reliability and maintenance (RM) data for equipment in all facilities during the operational life cycle of your equipment. We help customers save at least 50% of the time and cost typically incurred preparing and validating data for compliance with these standards. Reach out today to see how we can help you!
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