Inaccurate, out-of-date equipment hierarchies can result in unnecessary equipment maintenance, missed required equipment maintenance and improperly developed bills of materials. LCE can help you develop a well-structured asset hierarchy that helps eliminate unneeded expenses, maximize manpower utilization, improve equipment performance and productivity, and reduce unscheduled downtime.
LCE leads the development of an asset or functional location hierarchy that allows the tracking of assets and their locations using the “parent – child” relationship between physical location, production lines and assets. These hierarchies will support your corporate financial structure.
Scope of Services:
- Evaluation of the existing or development of a new hierarchy as per ISO 14224 and BSI PAS-55 standard
- Evaluation of the overall operational hierarchy structure for the organization
- Assessment of the need for both an asset and location hierarchy to address distributive systems, rotatable pool, and linear assets
- Development and definition of asset classification and required attributes down to the lowest maintainable asset
- Asset cataloging of databases for migration to EAM
The LCE asset management specialist will:
- Evaluate existing hierarchy to ensure that industry best practices are incorporated
- Assess functional block diagrams, P&I Drawings, and electrical diagrams to ensure hierarchy and actual equipment in place are aligned
- Determine the need for both an asset and location hierarchy to address distributive systems, rotatable pool, and linear assets
- Verify that all equipment components are covered to the lowest level in the hierarchy
- Assist in the standardization and structure of asset attributes
- An asset/equipment or functional location hierarchy that meets industry best practices standards
- A developed hierarchy in electronic format for uploading into an EAM system