Asset management is about managing all the physical assets in the factory, over the entire life-cycle from specification, purchasing, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning.

The challenge is to know how well the assets are performing, what they are costing to maintain, what kind of asset management strategy should be employed. This requires detailed information to be collected against each asset. The problem can arise when the engineering/maintenance department wants to collect detailed information that is at odds with the production department.


The good news with Shopfloor-OnlineTM Lifescience Edition is that most likely much of the information required is already being collected for another purpose and can be directly shared with the asset register. The Asset Register module of Shopfloor-OnlineTM Lifescience Edition is able to:

  • Build up a register of all assets in the factory, from production lines and machines; to ancillary equipment like power, water and waste treatment facilities; through to facilities and infrastructure like structures, buildings and areas
  • Organise the asset register as a hierarchy starting with the facility, then down to areas, to lines, machines, and components within machines and finally the bill of materials (BOM) of spare parts required to maintain them
  • Track assets over their entire life cycle from purchase to end of life
  • Show full asset tracking – put assets in locations and be able to track the movement of assets
  • Show powerful reports which detail asset histories and asset performance

When Used with Other Modules

When the Asset Register module is used in conjunction with other modules of Shopfloor-OnlineTM Lifescience Edition more opportunities open up. For example:

  • With the Production Counting module: take advantage of counts collected in production, for example real-time counts via OPC, to count things like cycles, parts made. These can be used as life time counts and also used to trigger maintenance procedures
  • With the Downtime module: take advantage of downtime monitoring to derive actual run hours and record run hours against each asset
  • With the Maintenance module: schedule planned maintenance procedures against assets or use life cycle counters or run hours to trigger maintenance
  • With the Repairs module: record breakdowns and repairs on each asset
  • With the Links to Document module – link in all documentation related to each asset for easy access


  • Improved facility management – one place to record all assets, available to everyone, anywhere
  • Asset life history – easily maintain complete in terms of usage like run-hours or cycles, product counts, use this data to see how well assets are performing
  • Make better decisions – Use the detailed asset information to make better decisions about each asset
  • Improve productivity – of people working with assets and reduce errors
  • Develop one repository – build up a complete Enterprise Asset Management (EAM) system