Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is an approach that is based on that physical infrastructure assets help achieve business goals. Asset management is an essential capability in this holistic perspective and is supported by the BS 65000 guidelines for Organizational resilience.

Effective maintenance can help you reach your goals, whether that’s to reduce downtime, repair costs, improve productivity or improve equipment reliability. It is important to understand the performance and requirements of your assets. This means creating a complete and complete inventory. Also, it is necessary to devise strategies for acquiring new assets – focusing on the long-term value and aligning with business goals – as well as for maintaining and extending the life of the existing ones.

Once you have a solid foundation on which to build, you’ll be able to transition from a reactive operation safe usage of virtual data room to a proactive one. This involves avoiding common pitfalls for example, not coordinating maintenance tasks with strategic goals, misinterpreting data, or not regularly comparing baseline report.

You can avoid these traps by incorporating your asset management strategy into an automated maintenance management system (CMMS) that is designed to connect the many elements of your operational puzzle. You’ll gain the visibility and transparency you require to not just identify areas for improvement but also to bolster your argument when it is time to justify your budget request.