Asset management problem (KBAM)
I come from a country which is still developing. A lot of foreign investment in being seen in Pakistan in the areas of agriculture and textile as the country in known for these products around the world. Huge factories and storage places are being seen throughout the countries which are made with the help of foreign aid and assistance.
The people who are intended to get the benefit from these factories and stores are generally very unsatisfied and complaining. The major reason for this is that there is no good system of asset management and the knowledge management,
The assets are to be looked after with the help of maintenance techniques which help the buildings and assets to work efficiently. The records of the workers who are working in these areas are usually missing or ill entered in the system. There is no check and balance on them as the safety and security of these assets are also poor and the misplacements of items and machineries are common.
The problem can be solved and many governments tried to improve the situation but failed in this course of action. May be there should be a leader to bring such a change in asset and knowledge management system?..using models like EFQM to bring such a type of change?