Strategic asset management is an organizational mindset founded on the idea that infrastructure assets in physical form are enablers of business goals. This holistic perspective, endorsed by the BS 65000:2014 Guidance for Organizational Resilience considers asset management as one of the most important capabilities that contribute to the resilience of an organization.
Effective maintenance can help you attain your goals, whether it’s to reduce downtime, repair costs, improve productivity or increase the reliability of equipment. It is important to understand the performance and requirements of your assets. This means creating an accurate and thorough inventory. It is also necessary to develop strategies for purchasing new assets, focusing on long-term value and aligning to the business’s goals – as well as strategies for maintaining and extending the lifespan of the existing ones.
Once you have a solid base that is solid, you are ibabs software review now ready to move from a reactive operation to a proactive one. That means avoiding the common mistakes that many organizations are caught in, such as not aligning maintenance activities with goals for the future and misinterpreting data, or not regularly comparing the baseline reporting.
You can avoid these pitfalls by incorporating your strategic asset management strategy into an automated maintenance management system (CMMS) that is designed to connect all the pieces of your operational puzzle. Then, you’ll have the visibility and transparency necessary to not only see potential areas for improvement but also strengthen your case when it’s time to justify your next budget request.
