April 12, 2010

Asset management

So far we learned how to create business excellence, what are the frameworks which help us to implement and sustain effective business, how to improve organizational processes and eliminate defects from it, how to lead organizations to excellence, how to produce excellent products and how make design of that products robust. We learned about main aspects of running a business – design and development and operations (processes). However, in order these elements to be effective there need to be support functions, which make those primary processes easier to implement and manage. Without managing resources (inputs), facilities (buildings and equipment), without thinking about environment and health and safety of employees at work there will be poor conditions for main processes to operate. It means that asset management has a significant impact on processes of organization and results of the company.

How to utilize resources more efficiently and avoid overstock, how to make working environment more organized, safe and clean, equipment to be reliable and less subject to maintenance, how to manage waste and do not harm the environment, etc are the issues of asset management and it seems that today they are not support functions but important processes, which could bring a real value for organization.

There are so many tools available to companies to manage their assets, however the main aspect is how effectively company could use that tools and more important how knowledge regarding assets management are shared in organization. It seems that so often companies seek external knowledge and help, without realizing that knowledge is already in the company. How much money could be saved if company could effectively extract, store and make available that knowledge to people and teams in organization. Asset and knowledge management are very complementary, knowledge embedded in people heads, experience, organizational routine need to be available in order to improve asset management.

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