Strategic asset management is an organizational approach which is based on the notion that infrastructure assets in physical form can be used to achieve business objectives. This holistic approach, supported by the BS 65000 secure data room strategies for M&A Guidance on Organizational Resilience recognizes asset management as one of the essential capabilities that can help build resilience in an organization.
Effective maintenance can help you reach your goals, whether that’s to decrease downtime, reduce repair costs, boost productivity or improve the reliability of equipment. To achieve this it is essential to know the current state of your equipment’s performance and needs. This means creating a complete and precise inventory. It is also important to devise strategies for the acquisition of new assets with an focus on their long-term worth as well as their alignment with the company’s goals.
Once you have established a solid base, you must be ready to make the shift from reactive to proactive operations. This involves avoiding common mistakes, for example, not coordinating the tasks of maintenance and strategic goals, misinterpreting data, or not regularly comparing baseline report.
You can avoid these pitfalls by building your strategic asset management plan into a computerized maintenance management system (CMMS) that’s designed to connect all the elements of your operational puzzle. You’ll gain the visibility and transparency you require to not only identify areas for improvement as well as to strengthen your case when it is time to justify your budget request.
