To reach your organization’s goals It is imperative to have a clear understanding of the assets within your company and how they interact. Strategic asset management is a system that allows transparent and consistent decision-making by analyzing the benefits, costs and dangers of physical assets over their life cycle. Recognize functional interdependencies and prioritize preventive maintenance and reduce unplanned downtime and costly repairs. Maximize your value by determining the best combination of performance and costs across your entire infrastructure.
The strategic asset management program is a set of digital tools, documents, and processes that are comprehensive and precise. It connects investments in physical infrastructure to the organization’s goals. It starts with a thorough and top-down assessment of long-term physical infrastructure investment possibilities. This includes balancing capital costs and operational expenses from a TOTEX standpoint, leveraging asset conditions data and taking the current levels of service and local needs into account.
If you have the right data, the process can also aid in resource planning and staffing to ensure ongoing maintenance and operation of assets, and upgrade or replacement plans. It is also a great way to simplify thekey partners strategic decision-making work orders, cutting down time and increasing the efficiency of your operation team.
The method can be used to create a plan for achieving sustainability goals through optimizing the utilization of assets. This can be achieved through strategies like load balancing or asset sharing. It could also require implementing new contracts or revising current ones with contractors or suppliers to improve energy and environment performance.
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