Do you even know what asset management is? Like, you know how when you take care of your toys (or tools) then they last a long time and do good work? If you maintain your property properly, there is less likelihood of breakages taking place and therefore they are likely to last a long time. How could the same argument be applied to leaps and bounds such as machines, buildings or roads? The list also contains critical assets and plus I have seen them in abundance with most organizations. When you play with your toys at home, they need to be working order — and similarly, organizations desire for its big assets (a.k.a. servers) also work as expected[].
Which is why the ISO5500 standard comes into play — it´s a set of regulations that provide guidelines to help organizations in how they care for their assets. This standard provides a roadmap that can be applied throughout an assets life from acquisition to disposal. It covers all stages of the lifecycle from planning and building to operations, maintenance and even decommissioning so organisations can maximise their use. So, they can ensure the efficient running of everything.
Do you ever have one of those toys that was your absolute favorite and played with it all the time? You just have to baby it and should last quite a while with continued functionality. You likely put it away so that you do not lose or break the model. All the more for larger items such as machines, buildings and roads. If companies look after their assets they can ensure that everything is kept running smoothly and, most importantly, safely.
ISO5500 was launched to help organizations do exactly this. This standard allows organizations to measure the utility of their investments in relation. It will help everything to run at its highest efficiency so that they can best utilize their assets. Looking after assets is smart business because doing so helps to minimize costs by caring for equipment, protect workers and prevent any problems that could oltherwise be a setback or involve additional cost. This also benefits everyone who relies on those assets, such as customers and employees.
ISO 5500 is significant in keeping organizations successfully operated for themselves over the time progress. Managing assets wisely ensures that an organization can keep their work on track, even in tough times or unforeseen circumstances. This means that they can continue to assist their customers, achieve goals and complete the missions. Having an ISO5500 in place can help the organization lay a solid foundation which yield positive results to overcome incoming hurdles.
Asset handling can be complex and daunting. There is a lot to consider, like when to repair items or spend money on equipment and keeping everything safe and within the standards. There are many things to do, and just as surely there is a lot of potential to screw it all up too. Imagine a puzzle — if you do not have the corner or edge pieces together, it is hard to see where this snip fits into and becomes apart of that big picture.
But ISO5500 and the like is not just a good thing for the organization as an entity. It also really benefits it's workers! It is beneficial for customers and stakeholder, as well the society at large. In doing so, organizations are capable of better services and products as they impact the environment less — touching on everyone near them. And that further drives the point home that for everyone on board with ISO5500 it is not just an organization who can benefit, but also those being served as a whole. Unfortunately, ISO5500 is ideal for all parties concerned in short.
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