Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is an approach that is based on that physical infrastructure assets enable business goals. Asset management is a key capability in this holistic view, which is endorsed by BS 65000:2014’s Guidelines on Organizational resilience.

Effective maintenance can help you achieve your goals, whether that’s to reduce downtime, repair costs, increase productivity or increase the reliability of equipment. You must first understand the performance and requirements of enhancing deal intelligence with data analytics your equipment. This requires creating a comprehensive and accurate inventory. It is also important to develop strategies to acquire new assets, putting an emphasis on their long-term value as well as their alignment with business objectives.

Once you have a solid base, you must be ready to move from reactive to proactive operations. This involves avoiding common mistakes, like not aligning maintenance tasks with strategic goals, not understanding the data or not regularly comparing baseline reporting.

You can avoid these issues when you integrate your strategic asset management into a computerized 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 spot areas to improve as well as to strengthen your argument when it is time to justify your budget request.