June 03, 2014

KBAM – Asset Management

Since the last week, I have spent my time reading and searching about asset and knowledge management, its quite alot to read and understand. From our group meeting, we planned to start applying the asset management first following with the knowledge management due to the asset management seems to be easier and more understandable as it is tangible.

From my study, in order for an organization to achieve excellence, I think it is really useful and significant to manage the organization's assets. The assets could have direct and indirect impact towards the organization performance. For example, health and safty, and facilities management can have indirect impact to performance of the working people due to the more concern on the management, the more comfortable the people can have, resulting in the less problems, complication, and errors could occur. However, for the direct impact, for instance, life- cycle management can have straight impact towards the outcomes of the company. This is because it is deal with inventory, factory and machine, also with people, in the organization.

Therefore, I believe that, if the organization can put more concern on applying the asset management in each criteria of EFQM model's Enablers (including people, strategy, partnership and resources, and processes, products and service), I think the company could come out with better results (in terms of people, customer, society, and the whole business).

Anyway, there is controversial that it might cost alot if the company launches the asset and knowledge managements. But in my opinion, I think it is worth to spend large budget and could come up with better performance in the long term.


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