To meet your company’s goals it is essential to be aware of the assets in your company and how they interact. Strategic asset enhancing M&A due diligence with digital tools management is a method that allows transparent decisions that are consistent and repeatable by analyzing the costs, benefits and potential risks of physical assets over their lifespan. Identify functional dependencies to prioritize preventive and scheduled maintenance, and decrease unplanned downtime. Maximize your return on investment by determining the most effective combination of performance and costs across your entire infrastructure.
The strategic asset management process is a complete and detailed suite of documents, processes, and digital tools that help align investments in physical infrastructure in line with the overall goals of the company’s strategic plan. It begins with an in-depth analysis of top-down investment options for physical infrastructure. This includes balancing capital expenditures and operational expenses from a TOTEX perspective using asset condition data, and taking current service levels and local requirements into account.
The process can also be used to inform the planning of resource resources, staffing and upgrades or replacement plans by using the right data. It can also be used to simplify work orders, decreasing downtime and improving the efficiency of your operations team.
The method can be used to develop a plan for achieving sustainable goals by maximizing asset utilization. This can be achieved by implementing strategies such as load balancing or sharing assets. It may also require the implementation of new contracts, or reevaluating existing ones with contractors or suppliers in order to improve the efficiency of energy and environmental performance.