5 Reasons r e t Bet Why You Need BOMs What is a Bill of Material (BOM)? In an EAM System, an equipment BOM captures spare part information for a piece of equipment. This information is used during maintenance to determine the correct spare parts to replace. Let's look at the 5 reasons why BOMs are beneficial to your asset-intensive business 1 Capture Accurate Parts Information BOMs provide a record of recommended spare parts for maintenance and repair professionals BOMs ensure critical spare parts are identified and can be stocked 2 Generate Complete, Effective Work Orders BOMs connect parts to equipment in an EAM System, making the parts information available for work orders and notifications Maintenance Personnel can easily select the correct parts for a work order to ensure it is complete 3 Reduce Downtime, Increase Wrench Time Maintenance Personnel waste no time searching in the system for the correct part because they can reference the already existing BOM, thereby increasing their available wrench time Increase wrench time by 25% by making it easier and faster for maintenance workers to find information 4 Minimize Parts Duplication BOMs prevent maintenance personnel from unnecessary searching that often results in the addition of duplicate parts when the original part is difficult to locate All identical equipment can have the same BOM, speeding the process of building BOMs and making important information quickly accessible A maintenance worker at company ABC searches in the EAM system for a part needed to perform maintenance on a critical piece of equipment. The worker is unable to find the part because it is mislabeled or difficult to identify. Without a BOM to make the information accessible, the worker creates a new order for the part, duplicating it in the system. This is neither effective nor efficient, and wastes time, money, and resources. 5 Plan Maintenance Efficiently BOMs make critical information available to the maintenance planner, which allows for the planning and scheduling of maintenance work to be completed in a timely manner BOMs reduce downtime, increasing revenue and profitability Balancing time and money Why Don't More Companies Use BOMs? It takes: Time Money Expertise Even companies that have BOMs find they are incomplete or out of date 5 Ways NRX AssetHub Helps 1. Locate Similar Equipment With Different BOMs to eliminate duplication and improve the quality of existing BOMs 2. Intelligent Suggestions and Recommended Part Matches speed the BOM-building process and eliminate duplicates 3. Copy/Paste and Bulk Changes to reuse existing BOM information for like or similar assets 4. Powerful Reports provide transparency for the data build process, making it easy to monitor progress 5. Create Exploded Parts Diagram for BOMs to choose parts visually We help you get your EAM data right. To learn more, click here.