Managing physical assets in an organization brings with this opportunities, concerns, and risks. In order to manoeuvre around these types of, there needs to be a shift out of ‘business when usual’ activities towards transformational thinking. A holistic’mindset’ that sees property management when an enabler of company purpose and mission can assure your business remains strong into the future.
The first step to creating a powerful strategic advantage management method is to explain the goals of your business. These are considerable targets on a five to ten-year écart and will summarize wide practices that your company need to transform or use. The plan will need to avoid particular operational details and concentrate on what production level the plant can perform with a superior degree of availability, performance and quality. This is certainly achieved by gathering original equipment manufacturer data and/or benchmarks from similar vegetation.
Once the desired goals are defined it is time to determine and prioritise the assets you currently have. This is often done through studying the details from your EAM (computerized maintenance control system), or with a wider analysis of your entire profile of properties. This data can help you distinguish the solutions that are vital to your production process and which ones should be replaced or perhaps eliminated.
When the assets have already been prioritized it leveraging tech in M&A negotiation processes is important to determine just how much downtime your company experiences due to them. This info can then be utilized to develop a costing model that could highlight the actual costs associated with the assets more than their lifecycle.