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    • Multi-Facility

      create multiple facilities to better organize your assets

      Asset Assignment

      assign asset to users for better accountability

      Maintenance Tracking

      track maintenance of assets and schedule preventive maintenance.

      QR Code Generation

      create QR codes to simplify asset lookups across your organization

      Lifecycle History

      get better reporting, visibility, and forecasting with a full history of your assets

      Repair Tracking

      issue alerts let the team of breakdowns to facilitates repairs quickly

      Task Management

      assign tasks to team members to ensure completion of activities

      Service Contract

      be prepared when service contracts approach their end dates and track 3rd party service of assets

      Meter Reading

      keep track of machinery utilization and trigger maintenance events using meter reading

      File Management

      attach photos, documents, user manuals, etc. at record level for fast retrieval & troubleshooting

      Reports

      stay in the loop with downloadable reports accessible directly in the mobile app

      User Permissions

      limit user access to tools, groups, reports, and more based on their job responsibilities

  • Features
    • Multi-Facility
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    • Maintenance Tracking
    • QR Code Generation
    • Lifecycle History
    • Repair Tracking
    • Task Management
    • Service Contract
    • Meter Reading
    • File Management
    • Reports
    • User Permissions
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    • Manufacturing

      Reduce equipment downtime and improve reliability

      Educational Institutions

      Create a safe learning environment with digital maintenance checklists.

      Construction

      Keep track of daily maintenance tasks to provide an seamless guest experience

      Hospitality

      Keep track of daily maintenance tasks to provide an seamless guest experience

      Building Management

      Fix small issues before they add up

      IT Companies

      Track all histories on assets

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Home > Blog
Cataloging Your Company Assets

Cataloging Your Company Assets

MAINTENANCE | October 6, 2021

When companies decide to develop or improve their asset-management program, it’s quite common for them to discover they don’t have an accurate list of the assets. The catalyst for some organizations is compliance with the ISO 55000 series of standards. This requires understanding how goals and objectives relate to the physical assets, followed by identifying the current asset condition and the likelihood of them meeting those requirements.

Other organizations are prompted to seek help when they look to replace aging assets. In this situation, they are usually asking for help to create an asset health index or asset register. Developing either isn’t feasible without a comprehensive list of the assets.

To develop a holistic asset-management system, first gather asset master data and document them in a CMMS program such as Faciliteasy. Organizations usually begin with these two business processes: Asset Data Collection and Asset Hierarchy Development.

Asset Data Collection (ADC) is the process used to identify and collect asset data and asset-type characteristics so they can be entered into a computer maintenance management system (CMMS) like Faciliteasy. Complete and accurate asset data makes possible informed and appropriate decisions across the asset-management spectrum. Accurate data is necessary to build an asset hierarchy, perform asset-criticality analysis, manage spare parts, establish a bill of materials (BOM), and develop a maintenance strategy.

Asset Hierarchy Development (AHD) is the process used to create the hierarchical relationships between company, sites, systems, and assets as a way of showing the parent-child relationship for the purpose of effective asset management. As a fundamental component of your CMMS system, asset hierarchy plays an integral role in work management, failure tracking, maintenance cost accounting, and asset downtime tracking. A well-defined asset hierarchy will allow more accurate planning and assignment of work, better control of parts/components, and allocation of maintenance costs to the right equipment at the correct level of detail. It allows the condition and performance of equipment to be tracked and managed and feeds critical information into the asset-health register which, in turn, informs the strategic capital plan.

While it’s certainly not as glamorous as Industry 4.0, establishing accurate, comprehensive data is foundational to your asset-management system and your asset-health register. Faciliteasy's software is designed to help you achieve this goal.

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