Asset Intelligence

Information is everywhere; intelligence is rare and insights are missing. Address this gap with powerful analytics from MaintWiz industry 4.0 CMMS Software.  It combines different dimensions of data to provide a comprehensive perspective. Drive positive business outcomes through better asset intelligence and action-oriented insights.

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Key Functionalities and Benefits

By leveraging these functionalities, businesses can achieve significant benefits such as streamlined asset management processes, improved asset performance and availability, optimized maintenance schedules and budget, enhanced compliance and regulatory reporting, and enhanced decision-making related to asset acquisition, maintenance, and disposal.

Functionality Main Features Benefits
Asset Register * Create and maintain a database of assets * Gain visibility into asset inventory
* Track asset information, such as location, cost, and depreciation * Track asset lifecycles and depreciation
* Link assets to other relevant data, such as work orders and maintenance history * Optimize maintenance schedules and budget
Asset Hierarchy * Create a hierarchical structure of assets, such as parent-child relationships * Understand asset relationships and dependencies
* Group assets based on location, department, or other relevant criteria * Easily identify problem areas or inefficiencies
* View asset relationships in a graphical format * Streamline asset management processes
Asset Codification * Assign unique codes to each asset * Simplify asset tracking and management
* Develop a standardized naming convention for assets * Improve data accuracy and consistency
* Use a consistent system to classify assets * Streamline procurement and purchasing processes
Asset Categorization * Organize assets into categories based on common characteristics * Improve asset tracking and management
* Develop a standardized system to classify assets * Facilitate reporting and analysis of asset data
* Assign attributes and metadata to each category * Enhance decision-making related to asset acquisition, maintenance, and disposal
Asset-based Libraries * Create a library of asset-related documents, such as manuals, schematics, and drawings * Improve access to critical asset-related information
* Store documents in a centralized location for easy access * Enhance collaboration and communication among stakeholders
* Link documents to specific assets or categories of assets * Streamline maintenance and repair processes
Asset Tracking * Monitor asset locations and movements in real-time * Improve asset security and prevent theft
* Use GPS, RFID, or barcode technology to track assets * Reduce loss and damage of assets
* Receive alerts for unauthorized asset movements * Optimize asset utilization and availability
Asset Information * Store and manage asset-related data, such as specifications, warranties, and maintenance records * Improve data accuracy and completeness
* Access asset information in real-time * Streamline maintenance and repair processes
* Link asset data to other relevant data, such as work orders and purchase orders * Optimize asset lifecycle management
Custom Attributes * Create custom fields or attributes to capture additional asset data * Customize asset tracking and management to meet unique business needs
* Assign attributes to specific asset categories or types * Enhance reporting and analysis of asset data
* Develop a consistent system for capturing and storing custom attributes * Improve decision-making related to asset acquisition, maintenance, and disposal
Linear Assets * Manage assets that are linear or have a linear component, such as pipelines, roads, or railways * Improve asset tracking and management of linear assets
* Track asset location, condition, and maintenance history over long distances * Optimize maintenance schedules and budget
* Use GIS or other mapping technology to visualize and analyze linear assets * Enhance safety and compliance of linear assets
Visualization * Visual tree view to view equipment assembly and sub-assembly. Visualization of Plant hierarchy * Enhance understanding and communication of asset data
* Create interactive visual representations of plant hierarchy * Improve decision-making related to asset acquisition, maintenance, and disposal
* Use equipment pictures to identify assets * Optimize asset identification and attention.
Asset Audit * Conduct periodic audits of assets * Improve data accuracy and completeness
* Verify asset information, condition, and location * Enhance compliance and regulatory reporting
* Identify discrepancies or errors in asset data * Optimize maintenance schedules and budget
Vendor Management * Track vendor information, such as contact details and performance history * Streamline procurement and purchasing processes
* Link vendors to specific assets or categories of assets * Improve vendor performance and accountability
* Create and manage purchase orders and contracts with vendors * Optimize asset lifecycle management
Failure Phenomena * Track and analyze failure data, such as frequency and causes * Enhance maintenance and repair processes
* Use failure data to identify patterns and trends * Optimize maintenance schedules and budget
* Develop strategies to prevent or mitigate failure * Improve asset performance and availability
Metering * Monitor asset performance and usage in real-time * Improve asset performance and availability
* Use sensors or other monitoring technology to collect data * Optimize maintenance schedules and budget
* Analyze data to identify trends and patterns * Enhance safety and compliance of assets
Equipment Calendar * Manage equipment schedules, such as maintenance, inspections, or testing * Optimize equipment utilization and availability
* Schedule equipment downtime to minimize impact on operations * Improve maintenance and repair processes
* Send alerts for upcoming scheduled events * Enhance safety and compliance of equipment
Equipment History * Track equipment maintenance and repair history * Improve equipment performance and availability
* Store and manage equipment-related data, such as specifications and warranties * Enhance maintenance and repair processes
* Use equipment history data to optimize maintenance schedules and budget * Streamline compliance and regulatory reporting
Budget * Create and manage asset-related budgets * Optimize asset lifecycle management
* Track asset-related expenses, such as maintenance and repair costs * Improve decision-making related to asset acquisition, maintenance, and disposal
* Use budget data to optimize asset acquisition, maintenance, and disposal * Enhance financial reporting and analysis
Warranty and Insurance * Track asset warranties and insurance policies * Minimize risk and exposure to financial loss
* Monitor coverage and expiration dates * Improve compliance and regulatory reporting
* Use warranty and insurance data to optimize asset lifecycle management * Enhance decision-making related to asset acquisition, maintenance, and disposal
Licenses * Manage asset-related licenses, such as permits and certifications * Enhance compliance and regulatory reporting
* Track expiration dates and renewal requirements * Minimize risk and exposure to legal and financial penalties
* Use license data to optimize asset lifecycle management * Improve decision-making related to asset acquisition, maintenance, and disposal
Compliance * Monitor asset-related compliance requirements, such as environmental or safety regulations * Enhance compliance and regulatory reporting
* Track compliance activities and status * Minimize risk and exposure to legal and financial penalties
* Use compliance data to optimize asset lifecycle management * Improve decision-making related to asset acquisition, maintenance, and disposal
Asset Analytics * Use data analytics to gain insights into asset performance, usage, and maintenance * Improve asset performance and availability
* Create custom reports and dashboards to track asset data * Optimize maintenance schedules and budget
* Use predictive analytics to forecast asset failures and plan maintenance proactively * Enhance decision-making related to asset acquisition, maintenance, and disposal
Lifecycle Management * Manage assets throughout their lifecycle, from acquisition to disposal * Optimize asset lifecycle management
* Use data to optimize asset utilization, maintenance, and disposal * Improve decision-making related to asset acquisition, maintenance, and disposal
* Create and manage asset-related workflows and processes * Enhance compliance and regulatory reporting
Lifecycle Costs * Track and analyze asset-related costs throughout the asset lifecycle * Minimize total cost of ownership of assets
* Use data to optimize asset acquisition, maintenance, and disposal * Improve financial reporting and analysis
* Create custom reports and dashboards to track asset cost data * Enhance decision-making related to asset acquisition, maintenance, and disposal
Replace Vs Repair Analytics * Use data analytics to compare the costs and benefits of replacing versus repairing assets * Minimize total cost of ownership of assets
* Create custom reports and dashboards to track replacement and repair data * Improve financial reporting and analysis
* Use predictive analytics to forecast the optimal time for replacement versus repair * Enhance decision-making related to asset acquisition, maintenance, and disposal