Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is an organizational approach founded on the idea that infrastructure assets in physical form serve as a catalyst for business goals. Asset management is a crucial capability in this holistic perspective that is endorsed by BS 65000:2014 Guidelines on Organizational resilience.

Effective maintenance can help you reach your goals, whether that’s to reduce downtime, lower repair costs, increase productivity or increase the reliability of equipment. You must first understand the performance and needs of your equipment. This means creating a complete and complete inventory. It also involves establishing strategies for purchasing new assets, focusing on long-term benefits and alignment to business goals – and also for maintaining and extending the lifespan of existing assets.

Once you have a solid foundation, you will be ready to move from reactive to proactive operation. This is about avoiding common pitfalls like not aligning maintenance tasks and strategic goals, misinterpreting the data or not regularly comparing baseline reports.

You can board management software role avoid these mistakes by integrating your strategy for asset management into an automated Maintenance Management System (CMMS), which is designed to connect all the pieces of your puzzle. You’ll gain the visibility and transparency you need to not only spot areas to improve but also to bolster your case when it comes time to justify your budget request.