Strategic asset management is a mental model that is based on the idea that physical infrastructure assets can help achieve business goals. This holistic perspective, which is endorsed by the BS https://thekey-partners.com/strategies-for-efficiently-managing-your-real-estate-projects/ 65000:2014 Guidance on Organizational Resilience sees asset management as one of the most important capacities that can contribute to the organization’s resilience.
Whatever your goal is to minimize downtime, reduce repair costs, boost productivity, or improve the reliability of your equipment it is possible to achieve all of them through efficient maintenance. It is essential to first comprehend the performance and requirements of your assets. This means creating a complete and thorough inventory. It is also crucial to create strategies for the acquisition of new assets, putting an eye on their value over the long term and their alignment with the company’s goals.
Once you have a solid base, you will be ready to transition from a reactive operation to a proactive one. This means avoiding common mistakes that many organizations fall into, like not aligning maintenance tasks with goals for the future and misinterpreting data, or not regularly comparing previous reporting.
You can avoid these issues if you build your strategic asset management into a computerized Maintenance Management System (CMMS) that is designed to connect all the pieces of your operation puzzle. Then, you’ll have the transparency and visibility needed to not only identify potential areas for improvement but also help you make your case when it comes time to justify your next budget request.