Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is an organizational mindset built on the premise that physical infrastructure assets are enablers of business goals. Asset management is an essential ability in this holistic perspective, which is endorsed by the BS 65000 guidelines for Organizational resilience.

Effective maintenance can help you attain your goals, whether it’s to reduce downtime, repair costs, improve productivity or improve the reliability of equipment. To achieve this you must understand your current assets’ performance and requirements. This means creating a complete and thorough inventory. Also, it is necessary to devise strategies for acquiring new assets, focusing on long-term value and aligning with business goals – as well as for sustaining and extending the lifespan of existing ones.

Once you have a solid foundation and a solid foundation, you’ll be ready to transition from a reactive approach to a proactive one. This means avoiding common mistakes that many organizations get caught in, like not aligning maintenance tasks with goals for the future and misinterpreting data, or not performing regular comparisons of baseline reporting.

You can avoid these mistakes by incorporating your asset management strategy into an automated maintenance management system (CMMS) that’s designed thekey-partners to connect the various pieces of your operational puzzle. You’ll then have the visibility and transparency that you need to not just identify areas to improve, but also to strengthen your argument when it is time to justify your budget request.

Written by Roberto Contreras