Every company hopes to go from reactive to planned or precision maintenance. But in practice, a lack of departmental cooperation is a significant hurdle. Although few firms have the internal resources and knowledge to accomplish this aim, knowing the impact of comprehensive Equipment and Asset BOMs on an operation is crucial in making a case for change.

Equipment BOM:

An Equipment Bill of Materials (BOM) lists all of an equipment's replaceable spare components so that maintenance engineers may easily find the correct item, locate it in inventory, or submit a purchase order using the part number and vendor information. An equipment BOM also helps businesses increase plant efficiency by identifying crucial spares and ensuring that the appropriate item is accessible at the right time, reducing plant downtime.

Equipment data, such as model, manufacturer, serial number, physical and functional locations, key asset and spare requirements, cost centers, and document references, are included in the BOM Cost Reduction.

An effective Equipment BOM ensures:

The direct and indirect advantages of an effective Equipment BOM are challenging to measure but easy to identify.

Fewer wrong material purchases - Using the information in the EBOM to produce purchase requisitions reduces the chances of speculation, variations, or inaccuracies in the transfer of material demand data to suppliers.

Help reduce downtime - Effective equipment BOMs will decrease downtime since any required parts may be identified and obtained rapidly, regardless of when needed.

Fast execution of planned tasks - Accurate EBOMs cut down on time spent looking up essential resources. It helps streamline the planning and (if necessary) procurement procedures, reducing the time it takes to get the parts needed to finish the work. It speeds up the execution of equipment PMs or CMs, allowing the Equipment to be back online sooner.

Fast execution of unplanned tasks - In an emergency, a successful EBOM gives craftspeople instant access to the correct part specifications and descriptions. Craftsmen can rapidly discover the amount and location of available components in stock using a dependable inventory control system. If there isn't enough inventory, the EBOM can also give crucial manufacturer and supplier information to help with faster procurement.

Managing inactive inventory - EBOMs may be used to determine if a non-moving inventory item is needed for a live asset. When Equipment or assets are decommissioned and removed from a factory, the corresponding spare parts are frequently kept in the warehouse, increasing inventory holding costs. An accurate equipment BOM guarantees that obsolete inventory is identified and removed or disposed of from the warehouse, allowing the company to free up cash flow.

More Reliability - Individual materials can be standardized or substituted using EBOMs to identify similar items or Equipment.

For asset-intensive businesses that rely significantly on appropriate asset and spare part management, the equipment bill of materials (EBOM) is significant. Creating an EBOM, on the other hand, involves money, time, knowledge, and management commitment. While creating and updating Equipment BOMs takes work, the payback is substantial. When BOMs are correctly set up and maintained, they help as Cost Reduction Services. A business may expect fewer difficulties and less downtime if the right staff knows how to access them.