Strategic asset management is a way of thinking that is based on that physical infrastructure assets support business goals. This holistic view, which is which is virtual data rooms for strategic document control endorsed by the BS 65000:2014 Guidance on Organizational Resilience, considers asset management to be one of the essential capabilities that can help build resilience in an organization.
Whatever your goal is to reduce downtime, decrease repair costs, increase productivity or increase reliability of equipment, you can achieve all of these by implementing effective maintenance. To do so, you need to understand the current state of your equipment’s performance and needs. This means creating an accurate and complete inventory. It also involves establishing strategies for purchasing new assets, focusing on the long-term value and alignment with business goals as well as for maintaining and extending the lifespan of existing assets.
Once you have a solid base, you will be ready to transition from a reactive approach to a proactive one. This is about avoiding common pitfalls like not aligning maintenance tasks with strategic goals, misinterpreting the data, or not regularly comparing baseline reports.
You can avoid these mistakes when you integrate your strategic asset management into a computerized Maintenance Management System (CMMS) that is designed to connect all the pieces of your operation puzzle. You’ll then have the transparency and visibility required to not only spot areas for improvement, but also help you make your case when you need to justify your next budget request.
