Assets come in many sizes and shapes. But one thing is certain, all organizations have assets. The assets you have can either give your company a competitive advantage or drain its resources. ISO 55001 is an excellent tool to manage your assets. ISO 55001 is especially relevant for capital-intensive businesses that require large amounts of physical assets and high fixed costs. This includes distribution, utilities, heavy manufacturing, and construction.
ISO 55001 was released in January 2014. It sets out requirements not only for maintenance and implementation but also for improvement through an Asset Management System. It is a continuation of PAS55, which has proven to be successful within the utility industries. ISO 55001 is intended to be applied in all sectors so that all businesses can reap the benefits.
It was created to help an Asset Management System (AMS), manage and reduce risk.
ISO 55001 Australia is designed for use in managing and controlling physical assets. But it can also be applied to other types of assets.
It doesn't matter which assets must be managed. It is important to adopt a proactive approach to asset management, with the appropriate goals and actions, to ensure efficient and economical asset management throughout the entire asset lifecycle.
Implementing an asset management system and managing complex processes within the organization will increase stakeholder confidence.
Certification Has Many Benefits
More Business Will
As part of procurement specifications, often certification of supply will be required. This certification opens up doors.
Deliver products that are consistent with customer requirements and offer reliable, reliable, and trustworthy service.
Improved Stakeholder Relations
Enhance the company's image with customers, employees, and suppliers.
Conformance To All Applicable Requirements
Understanding the impacts of statutory or regulatory requirements on customers and your organization
Proven Business Credentials That Work
Independent verification against an internationally recognized industry norm speaks volumes.
Lower Operating Costs
Continuous improvement of processes and the resulting operational efficiencies can save money.
Improved Risk Management
It's easier to find and fix problems when products or services are more consistent.
Additional benefits of ISO 55001 Certification
Effective Risk Management
Trust in stakeholder relationships can be raised by good governance, a deep understanding of assets, and tight control. Customers and regulators acting for customers will lower insurance premiums.
Integration Seamless Of AMS Within Integrated Management Systems
It is vital to manage assets and risks effectively for HSE, Security, Information Security, Quality, Environment, and Business Continuity Programs. A comprehensive AMS will enhance the overall Risk Management Model by integrating it into the integrated management systems.
Standardize And Simplify
Asset management allows large companies to standardize, streamline and optimize their plant and equipment. It can also help reduce the cost of supplies and spare parts. You can also get training and support. The best asset management systems maximize the value and take advantage of growth opportunities.
Safety For Personal And Work Safety
Effective asset management minimizes risk and reduces the chance of injuries and catastrophic events. Operational management of assets and preventive risk management will reduce the chance of incidents and accidents.