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Asset Maintenance Management

Asset Classes

Locations are physical places like warehouses that assets are stored.
Equipment are physical and fixed assets used during plant operations.
Repairable spares are parts that can be repaired and put back into service.
Systems are collections of related assets that support specific processes.

Asset Criticality Ranking

Helps prioritize which assets need most attention first.
Create customized questions to calculate asset criticality.
Yield long term reliability and operational capacity.

Asset Hierarchy

Organize assets intuitively by grouping related equipment in parent / child relationships.
Perform RCA and FMEA analyses, tailor work orders to asset levels, optimize maintenance funds, and make repair or replace decisions.
Optimize predictive and preventive maintenance tasks.

Asset History

Keep a complete and accurate record of asset history; including parts and labor costs for maintaining assets.
Track past work and purchasing information.
Identify problematic assets based on past solutions to schedule future maintenance activities.

BOM Management

Create and manage parts lists by asset to maintain equipment.
Reference part lists to quickly identify components required to maintain assets.

Budgeting

Support sound financial decisions by eliminating guesswork.
Track financial life-cycles of assets.
Analyze historical financial data for better budget forecasting.

Work Order Tracking

Track work orders by asset, including related instructions, statuses, histories, and technicians.
Run reports on assets to evaluate mean time between failure (MTBF) to better assess the effectiveness of preventive maintenance tasks.
Ensure preventive maintenance tasks are carried out effectively, fostering asset reliability while reducing downtime.
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