Component Changeout

When you integrate PeopleSoft Asset Management with PeopleSoft Maintenance Management, component changeout functionality (swapping of older or broken components for newer replacement components) is enabled. The component changeout feature enables you to manage asset component swapping when failure or replacement is required to maintain an asset. A component is replaced with a "like-component" and the characteristics and attributes of the new component are associated with the overall larger asset. A component can be removed from one asset and marked for reuse in another asset. A component can also be served by parts. PeopleSoft Asset Management enables you to maintain an equipment parts list and associate it with an asset.

The Asset Repository manages the complete setup for component changeout functionality with predefined defaulting component hierarchy, and makes this information available to the work order operator to facilitate completion of the tasks associated with component changeout transactions.

The component changeout transaction installs, replaces, removes, and disposes component assets within the Asset Repository. The process allows asset transfer and disposal transactions, which are then passed to PeopleSoft Asset Management through the Transaction Loader process.

When the option to remove assets for reuse is selected, you map the ChartField accounts to be used for the transfer by entering the information on the Warehouse Mapping page through the Transaction Loader process. When the option to replace assets is selected, the transferred assets are updated with new replacement asset information through the Transaction Loader.