Strategic asset management is an organizational mindset based on the principle that infrastructure assets in physical form are a key enabler of business goals. This holistic perspective, which is endorsed by the BS 65000:2014 Guidance on Organizational Ressilience, recognizes asset management as one of the essential capabilities that contribute to the resilience of an organization.
Effective maintenance can help you attain your goals, whether it’s to decrease downtime, reduce repair costs, increase productivity or increase the reliability of your equipment. It is important to understand the performance and needs of your assets. This requires you to create a thorough and precise inventory. It is also necessary to develop strategies to acquire new assets, placing an eye on their value over the long term as well as their alignment with business goals.
Once you have established a solid base, you must be ready boardeffect main benefits to make the transition from reactive to proactive operations. This means avoiding the typical mistakes that many companies get caught in, like not aligning maintenance activities with goals for the future as well as misinterpreting data or conducting regular comparisons with baseline reporting.
You can avoid these traps by incorporating your strategic asset management strategy into an automated maintenance management system (CMMS) that’s designed to connect the many pieces of your operational puzzle. You’ll then have the visibility and transparency needed to not only identify opportunities for improvement, but also make your case stronger when you need to justify your next budget request.