How Cryotos CMMS Helps Establish a Hierarchical Asset Structure for Asset Tracking?

Article Written by:

Ganesh Veerappan

Created On:

May 13, 2023

How Cryotos CMMS Helps Establish a Hierarchical Asset Structure for Asset Tracking?

Table of Contents:

Hunting hundreds of assets in flat and chaotic lists of assets is often as challenging as locating a needle in a haystack. Such an obsolete method is bound to cause lost equipment, false maintenance records, and an expensive and lengthy business downtime.

To eradicate this mess, contemporary maintenance departments are moving to a systemized, top-down structure of assets. The instilled logical arrangement of equipment, in terms of its size, starting with huge facilities and down to the tiniest sub-elements, instantly sets businesses back on track of operation in its entirety.

Cryotos CMMS Software comes in as the perfect way to create, visualize and easily control this dynamic hierarchy. Our intuitive platform will turn your data, which is largely spread out into an intertwined family tree which will help you to the greatest extent in maintaining it.

What is a Hierarchical Asset Structure?

In simple terms, an asset hierarchy is like a family tree for your equipment. Instead of listing every single asset and spare part in a single, never-ending column, a hierarchical structure organizes them logically from the largest facility down to the smallest actionable component.

The Parent-Child Relationship

At the heart of this structure is the parent-child relationship. A "parent" asset represents a major piece of equipment or system, while the "child" assets represent the individual sub-components that make up the parent. If a parent asset fails, it’s often because a child asset needs attention.

Visualizing the Hierarchy

A standard asset tree helps you categorize equipment based on physical location and functional dependency. A typical breakdown looks like this:

  • Facility (e.g., Texas Manufacturing Plant)
  • Location (e.g., Production Floor 1)
  • Department (e.g., Packaging Line)
  • Parent Asset (e.g., Conveyor Belt System)
  • Child Asset (e.g., Conveyor Motor)

Why Your Business Needs an Asset Hierarchy

Implementing an asset hierarchy isn’t just an organizational exercise; it’s a strategic move that drives tangible benefits for your maintenance department.

Granular Tracking

When a machine breaks down, a flat list only tells you that the machine is out of service. An asset hierarchy allows your team to pinpoint exactly which component of the machine failed. This granular tracking eliminates guesswork and allows technicians to head to the site with the exact tools and spare parts they need.

Accurate Cost Roll-Up

Understanding the Total Cost of Ownership (TCO) of your equipment is vital. With an established hierarchy, the maintenance, repair, and labor costs associated with individual parts (child assets) automatically roll up to the main machine (parent asset). This provides management with a highly accurate picture of how much a specific system truly costs to operate over its lifecycle.

Smarter Preventive Maintenance

Organizing assets hierarchically allows for incredibly targeted preventive maintenance (PM) schedules. Instead of shutting down an entire system for a generic inspection, maintenance managers can schedule routine servicing for specific sub-components based on their unique usage metrics and manufacturer guidelines, ensuring peak reliability without unnecessary downtime.

How Cryotos CMMS Software Establishes Your Asset Hierarchy

It may seem overwhelming to construct a family tree of thousands of assets, but Cryotos CMMS Software does much of the work:

Intuitive Hierarchy Builder  

Cryotos has a very graphic user-friendly interface that will enable you to map your asset trees without any difficulty. Maintenance managers can easily connect with parent and child assets, create new facilities, and reconfigure the hierarchy with the growth of the facility using simple drag and drop functionality.

Customizable Asset Tagging & QR Codes

Cryotos brings the physical assets in line with their digital location in the hierarchy. With the creation and designation of unique, scannable QR codes or barcodes to equipment, technicians can just scan an asset on the floor and immediately know where it fits within the larger system tree, and its complete maintenance history.

Seamless Data Migration

Have a lengthy list of assets already in an Excel sheet? No problem. Cryotos has built-in tools of data migration that make it so simple to bring your already existing lists and map them directly to a structured multi-level hierarchy without denying historical information.

Mobile Accessibility

Maintenance does not take place behind a desk. Using the Cryotos mobile application, field technicians carry the whole asset hierarchy with them. When on the shop floor, they are able to see the exact location and hierarchy of an asset, update work orders, and request spare parts in real-time.

The ROI of Using Cryotos for Asset Tracking

By converting to a hierarchal system of asset tracking using Cryotos, the ROI of your business is very high:

  • Faster Audits & Compliance: Regulatory compliance and internal audits are easy now, as perfectly categorized assets will allow you to retrieve correct historical data of any level of your asset tree in a few seconds.
  • Reduced Mean Time to Repair (MTTR): Technicians use less time to locate assets and more time on repairing the assets thus drastically lowering the MTTR and putting production back online sooner.
  • Data-Driven Replacements: By maintaining the child-asset level of maintenance costs and rolling them up, the management would have the insight to determine which option is more economical between repairing a part or acquiring a machine all together.

Conclusion

The creation of a systematic hierarchy of assets can convert the chaotic mess of maintenance into an efficient, predictable system. Organizing your equipment in a reasonable way will enable your team to identify failures in real-time and make more intelligent decisions that are informed.

Are you willing to have your assets in an ideal state? Learn why Cryotos can bring your hierarchical asset structure to achieve the level of operational efficiency and convenience in tracking your assets.

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