Asset Performance Management

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Operations optimisation. Strategic benefits.

Asset intensive businesses typically rely on distinctly different asset groups to simultaneously be available supporting operations. In general these asset groups are managed in silos, focusing on asset management challenges per responsibility group and neglecting challenges to coordinate full asset group (concurrent) availability to support the full service/operations.

Infrastructure and/or asset-intensive organizations as transportation authorities have an even greater challenge considering the large areas, the different asset sets and the many different employees involved in delivering asset availability and reliability to customers to enable service capacity. The decentralized nature of infrastructure networks that need to be maintained further increases the complexities to manage the operational and financial performance effectively.

Realising strategic intent

All companies that rely on standard/repeatable procedures need to ensure that operational performance and tactical objectives meet with the strategic vision. Although most companies and organizations value operational efficiency, few manage their performance-improvement initiatives as a collaborative effort across the strategic, tactical and operational levels. e-Logics contributes to clients achieving strategic objectives through our comprehensive approach to physical asset management. When it comes to managing physical assets, we find that organisations often need to move from 'fighting fires' to taking a strategic approach through which all people and processes are aligned - and all functions work as one.

By making comprehensive data available to operational teams as information, asset management begins to enable fact-based decision making. This in turn enables optimal operational performance and strategic success, resulting in organisational sustainability.

 

Benefits

Two simple but imperative principles ensure that asset management leads to smooth running, cost effective operations. Firstly, understanding what underlying assets need to deliver to fulfill performance targets. Secondly, employing assets to fulfill these needs with the lowest in overall cost through planning.

For asset managers, ongoing reliability of logistics and infrastructure assets is needed for:

  • Productivity improvement
  • Reduced equipment downtime
  • Decreased maintenance costs
  • Improved equipment efficiencies

For operations management, ongoing reliability of logistics and infrastructure assets is needed for:

  • Sustainable organisational planning, development and performance
  • Optimising return on investment and organisational growth
  • Heightened health, safety and environmental performance
  • Enhancing customer satisfaction

 

Did you know?

Successful asset management can save a business up to 35% on maintenance costs and increase asset availability by up to 20%. To achieve such optimisation levels, assets and resources should be planned effectively, controlled efficiently and consistently monitored.