Strategic Asset Management – The Foundation For Organizational Resilience

Vrijeme čitanja:1 min, 12 sec

Strategic asset management is a mental model that is based on that physical infrastructure assets support business goals. This holistic view, as that is supported by the BS65000:2014 Guidance on Organizational Resilience considers asset management as one of the most important capabilities that can help build resilience in an organization.

Effective maintenance can help you achieve your goals, whether that’s to reduce downtime, repair costs, increase productivity or increase the reliability of equipment. It is important to understand the performance and needs of your assets. This requires creating a comprehensive and accurate inventory. It also requires developing strategies for acquiring new assets – with an emphasis on the long-term value and alignment to business goals – as well as for sustaining and extending the life of the existing ones.

Once you have an established base, you must be ready to transition from reactive to proactive operations. This is about avoiding common pitfalls like not aligning the tasks of maintenance and strategic goals, interpreting incorrectly the data or not regularly comparing baseline report.

You can avoid these issues by integrating your strategic asset management into an automated Maintenance Management System (CMMS), which is designed to connect all the pieces of your operation puzzle. You’ll then have the visibility and transparency you require to not only pinpoint areas to improve, but also to strengthen your case when it comes time to justify your budget request.

strategic asset management in M&A processes