Asset management planning refers to the systematic approach of managing an organization’s assets to achieve its strategic goals and objectives. It involves identifying, acquiring, operating, maintaining, upgrading, and disposing of assets in a cost-effective and sustainable manner. The key components of asset management planning include inventory management, risk assessment, life cycle analysis, performance monitoring, and decision-making processes. Effective asset management planning can help organizations optimize their asset utilization, reduce costs, improve safety and reliability, and enhance customer satisfaction. Read out blog posts to get a better understanding.
Mar. 27, 2025
It's funny. Over the past few months, I find myself using similar advice when I...
Mar. 20, 2025
Last week, I highlighted the upside of the Facility Condition Index as a benchmarking tool...
Mar. 13, 2025
Facility Condition Index (FCI) has been and remains one of the most common metrics that...
Mar. 06, 2025
In my last post, recognizing that things are likely to be very dynamic, I outlined...
Feb. 27, 2025
With new tariffs already in place on steel and aluminum and potentially more tariffs to...
Feb. 20, 2025
When I was recently getting my hair cut, the barbershop, which has TVs all over...
Feb. 13, 2025
I had to laugh this week as I had essentially the same conversation inside Roth...
Feb. 06, 2025
As more and more organizations are looking to do an equipment level inventory of their...
Jan. 16, 2025
Well, we started this series of posts on Equipment Inventory & Tagging way back in...
Nov. 21, 2024
In my last post I talked about how you can leverage your maintenance information to...