Strategic asset management is an organizational approach which is based on the notion that infrastructure assets in physical form serve as a catalyst for business goals. This holistic view, as which is endorsed by the BS 65000:2014 Guidance on Organizational Ressilience, considers asset management to be one of the essential capacities that can contribute to the organization’s resilience.
Effective maintenance can help you achieve your goals, whether it’s to reduce downtime, repair costs, boost productivity or improve the reliability of equipment. First, you must understand the performance and requirements of your assets. This requires creating a precise and leveraging tech in M&A negotiation processes thorough inventory. It also involves establishing strategies for acquiring new assets, focusing on long-term value and alignment with business goals as well as strategies for maintaining and extending the lifespan of the existing ones.
Once you have a solid base and a solid foundation, you’ll be ready to move from reactive to proactive operation. This involves avoiding common pitfalls like not aligning maintenance tasks and strategic goals, not understanding the data or not regularly comparing baseline report.
You can avoid these mistakes by incorporating your strategic asset management plan into a computerized maintenance management system (CMMS) that is designed to connect the many pieces of your operational puzzle. You’ll then have the transparency and visibility required to not only spot opportunities for improvement but also make your case stronger when it’s time to justify the next budget request.
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