The management of the life cycle of an organization's assets is a fundamental element to guarantee that it can generate value through its investments and contribute in a sustained way to achieving the objectives to reach the profitability levels established by the direction. Therefore, selecting a clear disaggregated asset structure and a taxonomy from the early stages of the life cycle will facilitate the handling and managing information on such assets.
The management of the risks inherent to the assets is part of the key processes on which the organizations must direct their efforts. It is decisive for making the best decisions for maintenance, establishing policy, defining strategies, developing plans, determining the quantities and types of spare parts to be kept in stock, and developing staff skills.
Asset taxonomy is the systematic classification of assets into generic groups based on possible common factors in various systems. The clear hierarchy of classification and functional locations within the organization facilitates the management of maintenance information and provides multi-level fault reports. Therefore, establishing a clear and ordered taxonomy of the assets allows obtaining a description of the limits and border of classification within the systems.
The taxonomy has a positive impact on collecting data and storing the information necessary to manage the knowledge of the life cycle of the assets. Therefore, taxonomy would establish a hierarchical structure based on factors possibly common to several assets such as location, use, subdivision of the asset, etc. An adequate taxonomy of assets offers some competitive advantages related to the facility of interaction and fluidity of the information.
It is important to point out that the organization typically defines the taxonomic identification of the assets. The different asset structure levels or how far to disaggregate the organization's assets will depend mainly on its size and how easily the associated information is managed. An adequate structure disaggregates assets, facilitates the implementation of reliability tools, and contributes to improving the control of data and information of the equipment.
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