Asset Hierarchy

Asset Hierarchy

It may be easier than you think. Like other successful businesses, you’ll want to make sure you have a good idea first. From there, you can build a product or service that solves a need for consumers. But before you jump into anything, you’ll want to make sure you do your research. This is crucial, because only an estimated 79.4% of companies survive their first year in operation.

  • Maintenance and Reliability Engineering.
  • Planning & Scheduling.
  • Execution of maintenance.
  • Operations.
  • And Finance.

A clear and adequate hierarchy structure of assets (Taxonomy), according to international standards, is the fundamental principle of a system for the asset information management. An adequate hierarchy facilitates the implementation of reliability tools & contributes to improve the control of data and information of the equipment. Also, The correct allocation of costs associated with the life cycle of assets is fundamental to establish strategies for asset replacement. It is necessary to establish an adequate hierarchy of assets from the early stages as part of reliability tools that allow managing the information of the assets to increase their useful life. Dexterity provides asset hierarchy related services starting from assessment of existing hierarchy to complete update and creation of needed hierarchy that facilitate correct management of assets and their intended values and brings the above benefits. Asset hierarchy creation could be either according to ISO 14224 latest edition, KKS , RDS-PP or RDS-RS coding methodologies.