Nov 8, 2024
Strategic asset management is an organizational mindset built on the premise that physical infrastructure assets are enablers of business goals. Asset management is a crucial capability in this holistic view and is supported by the BS 65000 guidelines for Organizational resilience.
Effective maintenance can help you reach your goals, whether that’s to reduce downtime, repair costs, increase productivity, or improve equipment reliability. You must first understand the performance and requirements of your assets. This requires creating a precise and complete inventory. It is also necessary to develop strategies for the acquisition of new assets, focusing on the long-term value and alignment ibabs software review to business goals – as well as strategies for maintaining and extending the life of the existing ones.
Once you have a solid foundation, you need to be prepared to move from reactive to proactive operations. This is about avoiding common pitfalls such as failing to align maintenance tasks and strategic goals, misinterpreting data, or not regularly comparing baseline data.
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. You’ll then have the transparency and visibility necessary to not only see opportunities for improvement but also help you make your case when it’s time to justify your next budget request.