Definition
An asset hierarchy is the structured, parent-child arrangement of assets and their sub-assemblies or components (a plant containing lines, lines containing machines, machines containing components) used to roll up costs, failures, and work orders to the right level and to navigate a large equipment base consistently.
Key facts
- A structural arrangement (parent-child levels), not a list, distinct from an asset register, which is the list of assets themselves.
- Enables rolling up data (cost, downtime, failure count) from a component level up to a line or plant level for reporting.
- Consistency of hierarchy levels across a plant or company is what makes cross-site comparison and benchmarking possible.
- Typically mirrors the physical or functional structure of the plant, not just an arbitrary filing scheme.
What information does Asset hierarchy preserve?
An asset hierarchy structures how assets relate to one another (which components belong to which machine, which machines belong to which line, which lines belong to which plant) providing the levels at which maintenance data can be recorded, rolled up, and compared.
How do maintenance teams use Asset hierarchy?
An asset register is the list of assets themselves, each with its identifying data. An asset hierarchy is the structural relationship between those listed assets (how they nest within one another) enabling data to be aggregated at whatever level (component, machine, line, plant) is relevant to a given question.
FAQ
Frequently asked questions
How are assets and sub-assemblies hierarchically ordered?
Through an asset hierarchy: a structured, parent-child arrangement from plant to line to machine to component, used to roll up maintenance data to the right level for reporting and comparison.
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