Our Blog

27 Oct 2017

Why Is Organizing Your Asset Hierarchy So Challenging!

October 27, 2017Blog

Companies are always striving for improvement and this is no different for asset-intensive companies who want to improve their asset hierarchy. Whether you are building out a new facility or simply trying to reorganize data for an existing facility, it is always best to align your CMMS equipment hierarchy with an international standard. But, many asset-intensive organizations tend to struggle with their asset hierarchy in the first place and can’t seem to align it with an international standard. Why do companies struggle with their asset hierarchy? Let’s look at the key issues!

  1. Each facility builds its own hierarchy

One of the main problems with an asset hierarchy, that is not aligned with an international standard, is that there is no set structure across all your facilities. Letting each facility organize their own hierarchy creates problems.  This makes finding similar objects at different facilities difficult, because they are all found in different places and in different parts of the hierarchy.   This is real problem if you are trying to roll out new reliability initiatives, use iIOT for condition monitoring or leverage big data across yoru enterprise.

  1. No clear corporate standard

Another problem is that there is often no clear corporate standard on how to organize the asset hierarchy. Either the rules are not sufficiently detailed or there is no way to ensure that the corporate rules are consistently adhered to. You are also unable to ensure whether the same amount of data is collected for each piece of equipment. When there is no consistency across the organization, it becomes difficult to guarantee that everything is properly aligned across different facilities.

  1. Reliance on third party contractors

When it comes to using third party contractors, it is often difficult to supervise and direct them when they are creating asset hierarchies for you. You are unable to measure the progress that they are making or visualize their work product, which makes it hard for you to keep track of what they are doing. Not to mention that they charge by the hour and they do not use productivity tools that are designed to solve allow you to efficiently review their deliverables and ensure conformance with your corporate standards.

How Can NRX Help?

One of the things our customers use NRX AssetHub for is to align their EAM asset hierarchy with standards such as ISO 14224, RDS-PP or KKS, to help them better collect reliability and maintenance (RM) data for equipment in all facilities during the operational life cycle of their equipment. You will see that with NRX it is easy to align the asset hierarchy with corporate guidelines based on ISO 14224 or RDS-PP or KKS, quick to identify equipment that does not comply and much more! We have proven this by helping customers to save at least 50% of the time and cost typically incurred preparing and validating data for compliance with these standards.

Learn more about how you can align your EAM Hierarchy with ISO 14224 or RDS-PP or KKS by downloading our FREE eBook here.

If you would like to learn more about how NRX AssetHub can assist your organization, contact us at 1-877-603-4679 or book a meeting today!

Share this article

Facebooktwittergoogle_plusredditpinterestlinkedinmailFacebooktwittergoogle_plusredditpinterestlinkedinmail