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Creating an asset hierarchy and register

Establishing an accurate asset hierarchy is pivotal for any organization. We delve into your asset base to create a structured, logical hierarchy, categorizing assets by type, location, and function.

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What is Asset Hierarchy?

Asset Hierarchy is a structured framework that organizes all assets in a logical and hierarchical order.

This structure is not just a list; it’s a representation of how assets relate to each other, from broadest categories down to individual components. Think of it as a family tree, but for you assets, helping you understand not just what you own, but how each piece fits into the bigger picture.

Why Asset Hierarchy?

As Asset Register, on the other hand, is a detailed document or database that records all information about an organization’s assets.

This includes purchases detailes, locations, condition, maintenance, schedules, and more. It’s your go-to source for everything you need to know about assets, ensuring you have the data to make information decisions, comply with regulatory requirements, and optimize assets utilization.

Key Benefits

Enhance 
Visibility

Know exactly what assets you have, where they are, and their conditions.

Improve Maintenance

Schedule maintenance effectively based on accurate asset information, reducing downtime.

Improve Maintenance

Keep a close eye on asset depreciation and make informed purchasing decisions.

Regulatory Compliance

Ensure all your asset-related activities meet industry standards and legal requirements

Implementing an Asset Hierarchy and Register

Take inventory of your assets

We’ll guide and support you as you compile a list of all your assets—this includes everything from major equipment down to smaller tools and devices

Develop the hierarchy

We’ll organize these assets into a hierarchy that makes sense for you operations. This might mean categorizing assets by location, function or department.

Populate the asset register

With the hierarchy in place, we’ll work with you to detail each asset in the register. This includes capturing all the relevant data, from serial numbers to warranty info.

Keep everything up to date

An asset register is a living document, so we’ll put a system in place to makes it simple to regularly update it with new purchases, disposals and any changes.

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