Balanced objectives

Asset Management – Objectives

This picture gives an indication of what we are trying to achieve with a well-balanced and controlled Asset Management System.

Cost Reductions, through minimizing operational expenses.

Control of Inventory and Assets through an effective Asset Management System.

Work Flow Improvements. Best Practices and Processes can so often be the key to unlocking bottlenecks and issues that are impeding smooth-running operations.

Tracking and Reporting. It becomes so important to track and record maintenance activities. These historical records become a gold mine of information for use in future improvement initiatives.

To get to grips with how these objectives can be achieved, there are three factors that need to be overlaid with the objectives – Identify, Understand and Develop.

Identify

We need to identify what assets we have and where they are. That sounds simple enough but if there is no asset register on-site, either electronic or manual, it can become a major undertaken to establish one. The establishment of an asset register is the primary function of an Asset Management Program. Without an asset register, the recording and accessing of historical information will be extremely difficult and without this information, it will be almost impossible to assess the condition of the assets.

Understand

If we are to effectively manage the assets in our care, then we need to understand their design criteria and then we can start to assess if they are being correctly operated and also assess under what conditions they are being used.

Develop

To Develop an Asset Care Performance Program we need to ensure that each asset is

Available and Reliable for service. In addition, we need to ensure that the lifespan of the asset is being maintained as expected and preferably extended beyond expectation, as well as optimizing and minimizing operational costs.

Asset Management – How Good

This says it all.

How good is your Asset Management System because all inefficiencies come out of profit?

Stock outages, waiting time, no artisans available, call-outs, unnecessary downtimes, and many other inefficiencies all cost money. Wasted money that could have and should have been contributing to profits.

The result of poor or neglected asset management.

For more information email us at info@strobe-al.co.za or visit www.strobe-al.co.za