Strategic Asset Management – The Foundation For Organizational Resilience

Strategic asset management is a mindset that is based on the notion that physical infrastructure assets help achieve business goals. Asset management is a key ability in this holistic perspective and is supported by BS 65000:2014 Guidelines on Organizational resilience.

If you want to reduce downtime, lower repair costs, boost productivity or increase reliability of equipment it is possible to achieve all of this through efficient maintenance. To achieve this, you need to understand the current performance of your assets and needs. This means creating a complete and thorough inventory. It is also crucial to create strategies to acquire new assets with an emphasis on their potential for long-term value and their alignment with the business objectives.

Once you modern hosting cloud advantage have established a solid foundation, you need to be prepared to transition from reactive to proactive operations. This involves avoiding common mistakes, such as failing to align the tasks of maintenance and strategic goals, misinterpreting the data or not regularly comparing baseline data.

You can avoid these mistakes by incorporating your asset management strategy into a computerized maintenance management system (CMMS) that is designed to connect the various elements of your operational puzzle. You’ll have the transparency and transparency you need to not only identify areas to improve, but also to strengthen your case when it is time to justify your budget request.