Strategic asset management is a way of thinking that is based on the belief that physical infrastructure assets enable top board portal providers business goals. This holistic approach, supported by the BS 65000 Guidance on Organizational Ressilience, sees asset management as one of the key capacities that can contribute to the organization’s resilience.
Effective maintenance can help you meet your goals, whether it’s to decrease downtime, reduce repair costs, increase productivity or improve equipment reliability. It is important to understand the performance and needs of your assets. This means creating a complete and accurate inventory. It is also necessary to develop strategies for the acquisition of new assets – with an emphasis on long-term value and alignment with business goals as well as for maintaining and extending the lifespan of existing ones.
Once you have a solid base, you will be ready to move from a reactive to a proactive approach. This involves avoiding common pitfalls for example, not coordinating maintenance tasks and strategic goals, not understanding the data or not regularly comparing baseline report.
You can avoid these mistakes by integrating 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 required to not only find areas for improvement, but also help you make your case when it’s time to justify the next budget request.