Strategic asset management is an organizational mindset which is based on the notion that infrastructure assets in physical form are enablers of business goals. Asset management is a crucial capability in this holistic perspective and is supported by the BS 65000:2014 guidelines on Organizational resilience.
Whether your goal is to minimize downtime, reduce repair costs, improve productivity, or improve the reliability of your equipment it is possible to achieve all of these by implementing effective maintenance. To achieve this you must be aware of your current assets’ performance and needs. This means creating an accurate and complete inventory. It is also crucial to come up with strategies for the acquisition of new assets with an emphasis on their potential for long-term value as well as their alignment Read More Here https://thekey-partners.com/strategies-for-efficiently-managing-your-real-estate-projects/ with the business objectives.
Once you have a solid foundation and a solid foundation, you’ll be ready to move from a reactive to a proactive approach. This means avoiding the typical mistakes that many companies fall into, like not aligning maintenance tasks with goals for the future as well as misinterpreting data or conducting regular comparisons with baseline reporting.
You can avoid these pitfalls by incorporating your strategic asset management strategy into a computerized maintenance management system (CMMS) that is designed to connect all the elements of your operational puzzle. Then, you’ll have the visibility and transparency required to not only spot potential areas for improvement but also strengthen your case when you need to justify your next budget request.