Strategic asset management is a mindset that is based on the idea that physical infrastructure assets help achieve business goals. Asset management is a crucial capability in this holistic approach, which is endorsed by BS 65000:2014’s Guidelines on Organizational resilience.
Effective maintenance can help you achieve your goals, whether it’s to reduce downtime, repair costs, increase productivity or increase the reliability of your equipment. To achieve this, you need to understand the current state of your equipment’s performance and requirements. This requires creating a comprehensive and accurate inventory. It also involves establishing strategies to acquire new assets – with an emphasis on long-term benefits and alignment with business goals and also for maintaining and extending the lifespan confidential data exchange with secure room software of existing assets.
Once you have established a solid foundation, you need to be ready to make the shift from reactive to proactive operations. This means avoiding the typical errors that a lot of organizations make mistakes, such as not aligning maintenance tasks with goals for the future or misinterpreting data or regularly comparing baseline reporting.
Avoid these traps when you integrate your strategic asset management into a computerized Maintenance Management System (CMMS), which is designed to connect all the pieces of your puzzle. Then, you’ll have the transparency and visibility needed to not only identify opportunities for improvement but also make your case stronger when you need to justify your next budget request.