In order to maximize the full potential of your Computerized Maintenance Management Software (CMMS) solution, an effective hierarchical structure must exist to provide a foundation for the entire inventory of assets at your disposal. Asset structures are diverse in look and feel, and a good deal of thought must go into the development of the "how and why" for an hierarchical structure to make sense within the context of your organization.
What is a hierarchical asset structure?
A simple definition of the term hierarchy is “a system or organization in which people or groups are ranked one above the other according to status or authority.” For assets, hierarchy is about the relationship between the highest level of equipment and subordinate parts. In an equipment hierarchy, a tractor might be classified as two levels above its carburetor system. This is often called the “parent-child relationship.”
What are the benefits of hierarchical asset structures?
With the right asset hierarchy, an organization can greatly improve asset performance. You could realize improvements such as:
- More effective scheduling of preventive and predictive maintenance activities
- Ability to charge costs to the lowest possible asset level
- Allows for Failure Mode & Effects Analysis (FMEA)
What are some tips to start developing an asset hierarchy?
So while this all sounds great, how do you actually begin developing an Asset Hierarchy?
- Start with the end in mind
- Set up a personalized, tailored asset hierarchy
- Monitor asset performance
- Prioritize improvement areas
Establishing hierarchical asset structures, like implementing a CMMS itself, is a process. But the benefit of an effective asset hierarchy can provide substantial benefits in organization, like saving time and money on daily processes, as well as completely revitalize the management and performance of your most important assets.
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