Data management is one of the most important assets to any organization. It informs decision making, accurate reporting, risk mitigation, and efficient maintenance strategies. But often times it can be difficult to tackle on your own. Without the right processes in place and resources to guide you, it’s easy to let your data become unorganized, siloed across systems, and ultimately unreliable.
With help from Aquitas’ data management experts, you can take the necessary first steps in developing standard conventions and processes around your asset and inventory data.
Let’s face it – data is hard to manage. Data is also arguably one of the most important assets to any organization. It is the backbone to accurate reporting and decision making, mitigating risk, effective maintenance strategies, lowering cost of inventory, and so much more.
Developing a ‘single version of truth’ is a time consuming and cost-intensive exercise…
The data audit is the first step to assess a company’s data quality and its fitness for a given purpose. Data auditing is a multi-layered discovery process that involves multiple stakeholders, so we can take a deep dive into the material master data.
Included in your Data Audit Report:
Based on a data audit and the needs of your organization, we can identify a starting point for data management. There is nothing more important at a plant or facility than having your equipment reside where it’s supposed to be, and the necessary inventory sitting readily available for corrective action. Your storeroom or warehouse must be optimized with accurate and descriptive data to maximize your true maintenance environment. This may be in the form of asset verification, asset description, location, model and serial numbers, and other descriptors that are relevant to eliminating duplications and making sure key spare parts are available.
A well designed MRO Master Data Governance (MDG) program is essential for the ongoing maintenance of MRO data quality. Good quality MRO data improves accuracy, optimizes supply chain operations, and lowers inventory costs. All asset-intensive organizations commonly encounter data anomalies due to the involvement of multiple stakeholders managing CMMS/ERP/EAM systems across various locations and manufacturing facilities. Lack of standard taxonomy, single governance mechanisms, and the absence of streamlined workflow in building MRO catalogs and asset BOMs hinders the control over spend analytics, accurate material data, and supply chain management.
Many organizations do a “one-time cleanup” to get their MRO data organized, but the big question is – “How is the data going to stay clean?”. This is where the Enventure MDG solution, Partlinq, provides simple answers to several couples problems!
Aquitas Solutions prides itself on working strategically and collaboratively with the top, globally recognized EAM and IoT platform solution providers to heighten business value and bring bottom-line benefits to clients.
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