Which-ever way we look at our organisations – the condition and operability of our physical assets is absolutely central to success and sustainability. Smart organisations are therefore taking a more holistic approach – viewing assets not just as an operational issue, but as an investment which will bring benefits and value in the longer term.
Successful asset management has become one of the most crucial components of any organisations growth and sustainability.
Against this backdrop, an updated global standard for asset management – ISO 5500x has been unveiled. The dust around this new standard has settled a little, so now we can investigate it with a view to extract maximum value for our companies. The more holistic view of managing assets most certainly holds promise of helping us “making business better”.
Practical experience has taught that a number of constraints can limit current levels of asset availability.
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