January 06, 2025
Under the general category of maintenance management, you have several subcategories. In this article, we'll have a better understanding of one of those: asset management. We'll look at the following:
- Defining Asset Management Programs
- The Benefits of a Successful Program
- Developing a Successful Asset Management Policy
- Implementing Your Asset Management Program
- How CMMS Enhances Your Asset Management Program
You'll find assets in every business. From computers to vehicles to buildings/property to industrial equipment. For a business to thrive, these assets must stay at the highest baseline functionality possible.
What does this mean? "Out of the box" assets operate at their peak. Over time, you must conduct maintenance to keep assets at their baseline. This could consist of preventive tasks or repairs.
Of course, all assets age. This means that the baseline lowers. Eventually, maintenance costs outweigh the cost of a new or replacement. At that time, you'll have to decide to invest in something else.
This may take multiple personnel: supervisors, management, planners, production people, and accounting.
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