How to Setup An Asset Hierarchy

Ensuring the Failure Data Collected Can Be Used To Drive Improvements In Any Organization

ISO 14224 – Equipment Taxonomy

If you were to go into your CMMS and look at the hierarchy and equipment, would it be well laid out and organized?   Would you be able to drill down the to the lowest level of components to know what failures have occurred?  Can you see how pumps are performing across a specific area or the entire plant?  The chances are that for many organizations, this is not possible.   Why is that?  The asset […]