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

Effective maintenance can help you attain your goals, whether it’s to decrease downtime, reduce repair costs, increase productivity or increase the reliability of equipment. To achieve this you must understand your current assets’ performance and requirements. This means creating an accurate and thorough inventory. It is also important to create strategies to acquire new assets, putting an emphasis on their potential for long-term value and their alignment with business goals.

Once you have a solid foundation and a solid foundation, you’ll be ready to move from a reactive approach to a proactive one. This means avoiding common pitfalls, like not aligning maintenance tasks with strategic goals, misinterpreting 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), which is designed to connect all the pieces of your operation puzzle. You’ll then have the visibility and transparency required to not only spot opportunities for improvement, but also make your case stronger when it’s time to justify the next budget request.

confidential data exchange with secure room software