Our DNA maximizes your assets
You want to fully utilize your assets and have them contribute at their maximum to your operating profit. To establish this, availability and reliability of your assets have to be in line with the requirements you impose on them. Taking laws and regulations, as well as your corporate objectives, into account, it is important that costs, proceeds and risks are balanced. But how do you achieve this? What is required to succeed and what actions do you need to take?
What is Asset Management?
The ISO 55000 standard defines Asset Management as the ‘coordinated activity by an organization in order to achieve value from assets”. Our practical translation: how can you get maximum return on investment from your physical assets; for your organization and for your stakeholders?
The return on your assets
You want to realize your company goals. Throughout their life cycle, your assets have to offer the desired rate of return in order to contribute to your operating income.
Formerly made choices revisited
Asset Management goes beyond carrying out and managing maintenance. It translates your company goals in decisions related to asset and stakeholders. Important requirement is that you have access to correct data, based on correct information. This allows you to choose wisely between doing nothing, repair or renew. It also helps you finding the right balance between availability and reliability. Or estimate what risks an asset that has fallen out puts on the business continuity and consequently the result.
This means revisiting choices made in the past. Is your working method still up to par? Are procedures still correct? What improvements are possible? Perhaps outsourcing is an interesting option?
Guidance based upon risks and risk management
We have years of experience in the field of Asset Management, valuation matters, risk and error analyses and implementing effective management systems. Better than anyone, we know that the manner of management and the structure of the management system vary per organization.
This depends upon the size of the organization, the amount and complexity of the assets and the level of risk appetite. Moreover, the development and implementation of the Asset Management system touches the fields of Operations, Finance & Control, HRM and QHSE. It is of the utmost importance to harmonize processes and activities properly.
Four steps
The ISO 55000 standard offers an appropriate frame but doesn’t address the gradual forming of an Asset Management system in your organization.
Our approach allows us to consider four important aspects:
- Profitability: to what extent do your assets create the desired return?
- Translation: have your goals been translated correctly in technical and financial assessments, plans and activities?
- Culture: is the right leadership available within your organization and is the corporate culture sufficiently aimed at fulfilling the objectives and creating added value?
- Realistic: do your assets allow you to fulfill your company’s objectives? ;
Tailor-made
Developing and implementing a system to effectively manage assets is almost always tailor-made. Our advisors support you in the development and implementation of this customized approach. Of course, we do so in close cooperation with you. Also, we like to get your stakeholders involved in the process.
Find out more about Asset Management and our approach
Please contact us, free of obligation. We love to explain all options to you.