See the big picture with a single, integrated view of assets
Alignment with these guiding principles necessitates a coordinated, whole-of-organisation approach to asset management, underpinned by a connected set of integrated processes and technology that helps you to understand all parts of your organisation in a uniform way.
This approach should connect enabling business functions - such as Finance, HR, Procurement, Logistics and Operations - with asset management functions to work as a homogenous unit, with a common goal of optimising performance, while minimising the cost of ownership across the asset lifecycle.
Many asset intensive organisations are held back from achieving ISO 55000 alignment because they lack the ‘glue’ that binds all their asset management systems and processes together. While your processes may work well in isolation, a technology-enabled integrated approach completes the picture, allowing organisations to reach asset management maturity, realise best-practice alignment and maximise asset performance.
ISO in action
to better manage our assets and drive operational efficiency.
Gladstone Area Water BoardGladstone Area Water Board (GAWB) uses TechnologyOne’s integrated enterprise software solution to gain ISO 55001 certification
"Asset decisions are mulit-faceted in nature and often need to be considered in conjunction with other enabling pieces of information."
On the flip side, standalone asset management software may be advanced in terms of features and functions, but if it is not integrated with your other enterprise software systems, you’re potentially missing pieces of the puzzle when it comes to making better strategic asset decisions.
Asset decisions are multi-faceted in nature and often need to be considered in conjunction with other enabling pieces of information: if asset information can’t be contextualised and integrated with the likes of finance, procurement, logistics and operations data, your picture is incomplete and potentially only conveying part of a broader story.
The lack of a unified, integrated approach will, in most instances, not enable consistent, informed decision-making. Fragmented, uncontrolled information is less reliable and accurate, and is often incomplete. This, in turn, does not lay a good foundation for organisational effectiveness, rapid iterative change and attainment of prescribed service levels.
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To take advantage of the opportunities a whole-of-organisation approach to asset management can provide, complete the form to speak to a solutions expert.