If Assets are Fundamental to your Organization's Success, what does that mean about your Asset Management System?

All organization’s are dependent on assets. This is why organizations have management systems to manage them. In the past it was common to think of assets as a cost center, and in many cases view this cost center as an overhead account. There are many examples of organization’s seeking to improve their financials by cutting excess cost from their operations, and one of the first places to look are overhead accounts.

One only needs to look at indicators such as asset condition, functionality, availability, and utilization to see if assets are performing when, where, and how needed. Most operational challenges can be traced back to supporting asset capabilities. It is an organization’s asset management system that delivers and enables these capabilities.

Disciplined asset management is a true differentiator in how succeeding organizations thrive. As a discipline, asset management is something that is practiced, and something organizations can improve. Thankfully today, there are …