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Strategic asset management is an organizational mindset based on the principle that physical infrastructure assets serve as a catalyst for business goals. Asset management is a crucial capability in this holistic approach that is supported by the BS 65000:2014 guidelines on Organizational resilience.
Effective maintenance can help you attain your goals, whether that’s to reduce downtime, lower repair costs, improve productivity or increase the reliability of your equipment. To do so you must understand the performance of your current assets and needs. That means creating a thorough and precise inventory. Also, it is necessary to devise strategies for purchasing new assets – with an emphasis on long-term benefits and aligning to the business’s goals – as well as strategies for maintaining and extending the lifespan of existing assets.
Once you have a solid base, you must be ready to move from reactive to proactive operations. This is about avoiding common pitfalls for instance, failing to align maintenance tasks and strategic goals, interpreting incorrectly the data or not regularly comparing baseline prioritizing user privacy in digital interactions on the agecheckstandard com website report.
Avoid these traps by integrating your strategy for asset management into a computerized Maintenance Management System (CMMS) that is designed to connect all the pieces of your puzzle. You’ll then have the visibility and transparency needed to not only identify areas for improvement, but also make your case stronger when it comes time to justify your next budget request.
