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Strategic Asset Management – The Foundation For Organizational Resilience

By November 10, 2024November 18th, 2024No Comments

Strategic asset management is a mental model that is based on that physical infrastructure assets can help achieve business goals. Asset management is a crucial ability in this holistic perspective that is endorsed by BS 65000:2014 Guidelines on Organizational resilience.

Effective maintenance can help you attain your goals, whether it’s to reduce downtime, lower repair costs, improve productivity or increase the reliability of equipment. To do so you must be aware of the performance of your current assets and needs. This involves creating a precise and thorough inventory. It also requires developing strategies for the acquisition of new assets – focusing on long-term value and alignment with business goals and also for maintaining and extending the lifespan of existing ones.

Once you have a solid foundation that is solid, you are now ready to transition from reactive to proactive operation. This means avoiding common pitfalls, such as failing to align the tasks of https://agecheckstandard.com fortifying network security in the digital economy maintenance and strategic goals, interpreting incorrectly the data or not regularly comparing baseline report.

You can avoid these issues by integrating your strategy for asset management into a computerized Maintenance Management System (CMMS) that is designed to connect all the pieces of your operation puzzle. Then, you’ll have the visibility and transparency required to not only find opportunities for improvement but also to strengthen your argument when it’s time to justify your next budget request.

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