Assets Management

Asset management?

Counting , Valuing and Maintaining the quality of an asset of an company. Including hand tools, machines, computers, chairs and other pieces of equipment.

Maintenance

All the actives involved in the installation, commissioning and on going care of machines and equipment that ensure they are kept in good working order.

Reactive Maintenance

Maintenance carried out in response to equipment failure. E.g. A power drill breaks yet more are on hand.

Preventative Maintenance

Maintenance that uses manufacturer recommended fixed service schedules to regularly repair/check/replace components prone to wear , before they fail. E.g Car oil changes at scheduled times to prevent engine failure/combustion.

Stages of Asset management

Planning- Know what assets the company has and could be used. Acquisition- Purchasing of that Asset at a good price from a reliable supplier. Operation- Controlled location of Asset so that is is easily accessible by employees. Should not interfere with production. Maintenance- Planned maintenance of the Asset to avoid failure. Disposal- Getting rid of assets sustainably by recycling it and also have a reliable and legal dumping/disposal route and team.