How to Rank Your Equipment: A Straightforward Roadmap
A database of accurately ranked assets is the foundation of almost any preventive, predictive, or condition-based asset management program.

A database of accurately ranked assets is the foundation of almost any preventive, predictive, or condition-based asset management program. Without accuracy in this process, any program that has its basis in this data will fail.
Understanding how the asset ranking can be leveraged across other areas is powerful. The asset’s numerical criticality value can be used to prioritize a repair backlog for planningDetermination of resources needed and the development of anticipated actions necessary to perform a scheduled major job. An orderly appraisal and guarantee of all the prerequisites necessary to ensure completion of a given job at a predetermined time. It covers availability of ordered equipment, stores, materials, production, shutdowns, sketches, prints, specifications, etc., a ready backlog for scheduling, where to focus Bill of Material (BOM) optimization, a spare parts plan, and assets to receive scheduled maintenanceRepairs, rebuilds, overhauls and servicing that requires a minimum of 7 days to plan, obtain materials and schedule the availability of equipment and labor., both preventive and condition-based. Verifying and updating your site’s asset list is an important step prior to ranking.



