{"id":120,"date":"2020-01-27T07:06:52","date_gmt":"2020-01-27T07:06:52","guid":{"rendered":"https:\/\/www.cac.net.in\/blog\/?p=120"},"modified":"2020-01-29T07:13:31","modified_gmt":"2020-01-29T07:13:31","slug":"why-asset-management-is-important-for-any-company","status":"publish","type":"post","link":"https:\/\/www.cac.net.in\/blog\/why-asset-management-is-important-for-any-company\/","title":{"rendered":"Why Asset Management Is Important For Any Company?"},"content":{"rendered":"\n

Active management helps companies and\nmaintenance planning organizations achieve a reliable response to business\nneeds. In addition, it does not focus so much on doing actions on the assets,\nbut rather on generating value through the assets, that is, it focuses on the\nBusiness.<\/p>\n\n\n\n

The global economic recession in recent\nyears has put additional pressure on asset-intensive companies to take more\nvalue out of their existing assets. Increasingly, these companies see asset\nmanagement as a competitive advantage and now occupy a strong position in\nmanagement cultures. Good asset management means more efficient equipment\nperformance. An integral part of that management program is maintenance to\nensure that performance is optimized and failures are minimized.<\/p>\n\n\n\n

In this sense, the ISO 55000 standard\ndefines asset management as: \u201cThe coordination of the activities of an\norganization to create value through its assets\u201d, and the definition of an\nasset is: \u201csomething that has value or potential value for an\norganization.” This would be WHAT…<\/p>\n\n\n\n

The WHY is associated with how to achieve\nsustainability that the company has, and what can be demonstrated how the\nactions carried out are actually adding value to the business.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Fixed asset management companies<\/a><\/strong> objectives, derived as part of the Strategic Asset Management Plan, provide the essential link between the objectives of the organization and the asset management plan(s) that describes how these objectives are to be achieved. These objectives must transform the required results (product or service) that must be provided by the assets, into activities typically described in the asset management plan (s).<\/p>\n\n\n\n

Asset management objectives must fit into\neach of the organization’s needs, which may include addressing subsets of\nobjectives (for example, for the asset management system, the asset portfolio,\nthe asset system and asset level), and may vary for different functions\nperformed to meet the requirements of interested parties. . The organization\nshould consider information or data from internal and external sources to the\norganization, including contractors, key suppliers, regulators and other\ninterested parties.<\/p>\n\n\n\n

Fixed Asset management objectives must be specific, measurable, attainable, realistic and of a fixed duration (i.e., the \u201cSMART\u201d objectives). They can be both quantitative measurements (for example, mean time between failures) and qualitative measurements (for example, customer satisfaction).<\/p>\n\n\n\n

The organization must consider the monitoring,\nmeasurement, analysis and evaluation necessary to drive and support\ndecision-making on improvement actions is the essence of planning.<\/p>\n\n\n\n

Maintenance influences all aspects of\nbusiness effectiveness and risk, safety, the environment, energy efficiency,\ncosts, product quality and customer service. In the past, the main objective of\nthe maintenance department was to make repairs when the asset was not in\noperation and ensure that a fault was resolved quickly and efficiently.<\/p>\n\n\n\n

Although the latter is still a condition\nfor maintenance, it is not sufficient in the context of global fixed asset\nmanagement. As organizations began to adopt asset management, a new strategy\nwas necessary to reduce repetitive failures and be more effective and\nefficient. The reliability and efficiency of the asset was key.<\/p>\n","protected":false},"excerpt":{"rendered":"

Active management helps companies and maintenance planning organizations achieve a reliable response to business needs. In addition, it does not focus so much on doing actions on the assets, but rather on generating value through the assets, that is, it focuses on the Business. The global economic recession in recent years has put additional pressure…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[18,16,14,17,39],"class_list":["post-120","post","type-post","status-publish","format-standard","hentry","category-fixed-asset-management","tag-asset-management-solutions","tag-fixed-asset-management-best-practices","tag-fixed-asset-management-system","tag-internal-control-risk-assessment","tag-sset-management-system-in-india"],"_links":{"self":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/comments?post=120"}],"version-history":[{"count":2,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/120\/revisions"}],"predecessor-version":[{"id":5082,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/120\/revisions\/5082"}],"wp:attachment":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/media?parent=120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/categories?post=120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/tags?post=120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}