Strategic Asset Management – The Foundation For Organizational Resilience
Strategic asset management is a mental model that is based on that physical infrastructure assets can help achieve business goals. This holistic view, as supported by the BS 65000 Guidance on Organizational Resilience considers asset management to be one of the most important capabilities contributing to organizational resilience.
Whether your goal is to minimize downtime, reduce repair costs, boost productivity, or improve the reliability of your equipment you can accomplish all of these through effective maintenance. To do so you must understand the current performance of your assets and needs. This means creating a complete and precise inventory. It is also crucial to devise strategies for the acquisition of new assets, putting an emphasis on their long-term value and their alignment with business goals.
Once you have established a solid base, you must be prepared to transition from reactive to proactive operations. This involves avoiding common mistakes, for instance, failing to align maintenance tasks with strategic goals, interpreting incorrectly the data or not regularly comparing baseline data.
You can avoid these mistakes if you build your strategic asset management into an automated Maintenance Management System (CMMS), which is designed to connect all the pieces of your operation puzzle. You’ll gain the visibility and transparency you require to not only spot areas to improve, but also to strengthen your argument when it comes time to justify your budget request.
