Asset Management

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Asset Management

Enterprises need One Source of Truth for their Equipment, Plant, and Maintenance data. The services on Asset management from Hofinsoft, focus on MRO Reliability, and integrity improving asset efficiency and spares visibility. We transform critical assets and material spares data ensuring High Up-time and On-time customer deliveries.

Master Data

Master Tag List
Extract equipment information from drawings such as P & ID to create a Master Tag List.
To determine the criticality of equipment, classify them into categories such as Vital, Essential, and Desirable (VED).
Maintenance Plan
The maintenance plan involves the preparation of a Preventive Maintenance Plan (PM), which includes the creation of a Maintenance Schedule Sheet (MSS) and Maintenance Job Plan (MJP).
Task Master
Involves preparing task list for data cleansing and generic or equipment specific tasks
Failure Hierarchy
Create a structured failure hierarchy that encompasses failure types, their causes, and corresponding remedies for efficient troubleshooting and resolution.
Bill of Mateirals
Efficiently associate assemblies and/or spares with equipment by utilizing material and equipment bills of materials (BOM)
Hierarchy Build
Build Hierarchy of the Equipment by assigning the Superior Equipment / Location
Case Study: Plant Maintenance Data Rebuild

Asset Data rebuild to suit the new ERP implemented for one of the largest companies in Middle East. Read More


Physical Verification
Physical Verification Physically verify the Asset in stock and identify discrepancy related to:
• Location
• Specification (Name plate details)

Specialized Services

Perform Reliability Analysis - FMEA, RAM, etc.
Identify Safety Critical Equipment (SCE) and prepare performance standards

Major Clients