To meet your company’s goals It is imperative to be aware of the assets in your company and how they interact. Strategic asset management is a system that allows for transparent decisions that are consistent and repeatable that is based on an analysis of the costs, benefits and the risks associated with physical assets throughout their life span. Identify functional interdependencies to prioritize board collaboration vdr online preventive maintenance and reduce unplanned downtime and costly repairs. Maximize the value of your investment by determining the most effective combination of performance and cost across your entire infrastructure.
The strategic asset management process is a series of documents, digital tools and processes that are comprehensive and thorough. It connects investments in physical infrastructure to the organization’s strategic objectives. It begins with an in-depth review of the top-down investments for physical infrastructure. This includes balancing capital as well as operational expenditures from a total cost (TOTEX) standpoint, using information on the condition of assets, and considering the current levels of service and community needs.
The process can also be used to inform the planning of resource resources, staffing and upgrades or replacement plans by using the correct information. It can also be used to reduce work orders, thus decreasing downtime and improving the efficiency of your operation team.
The process can also be used to design plans that maximize asset utilization to meet sustainability goals. This can be achieved through load balancing, asset sharing or redeployment strategies. It may also include the implementation of new or reevaluating existing contracts with suppliers or contractors to improve energy and environmental performance.