Strategic asset management is an approach that is based on the notion that physical infrastructure virtual data room services to keep your files secure assets help achieve business goals. Asset management is a critical capability in this holistic view and is supported by the BS 65000 guidelines for Organizational resilience.
Whatever your goal is to reduce downtime, lower repair costs, increase efficiency or increase the reliability of your equipment you can accomplish all of these by implementing effective maintenance. To achieve this you must be aware of the current state of your equipment’s performance and needs. This means creating a complete and accurate inventory. It is also important to come up with strategies to acquire new assets, placing an focus on their long-term worth as well as their alignment with business objectives.
Once you have a solid foundation on which to build, you’ll be able to move from a reactive operation to a proactive one. That means avoiding the common pitfalls that many organisations fall into, like not aligning maintenance activities with goals for the future or misinterpreting data or performing regular comparisons of reports from baseline.
You can avoid these pitfalls by integrating your strategy for asset management into an automated Maintenance Management System (CMMS) that is designed to connect all the pieces of your operation puzzle. You’ll gain the visibility and transparency you need to not just identify areas to improve, but also to strengthen your argument when it comes time to justify your budget request.
