Why asset management matters for smaller businesses
Companies in asset-intensive industries such as utilities, oil, gas and airlines have long sought to manage their huge asset investments more effectively. Yet the challenge for a lot of smaller organisations is that they lack the scale to justify full-blown deployments, and so are locked out of the potential benefits.
In addition, for some businesses, IT agility is an issue and there is the immediate need to set up smaller projects, in a bimodal fashion, to speed up delivery.
Today, the role of the asset manager has evolved, and they are now being asked to provide greater strategic value to the business.
So, does asset management really matter for smaller companies?
The answer is a resounding yes.
Organisations that don’t have the resources and assets of the big players need to be smart with what they do have. This means asset management is perhaps more important because you need each asset to be operating as efficiently as possible.
Gain greater control of your costs
By implementing a solution that enables you to track, monitor and notify when to maintain your assets, you gain greater clarity of what you have and what you require. Without a proper system in place, this process often comes down to guesswork and inevitably over maintaining assets, or under maintaining. Leading to overspend, breaks, or in the worst situation business halting.
Eliminating unnecessary asset overheads gives you total control of your costs which can be invested in future strategies, leading to the next point.
Devise a long-term strategy
By tracking and monitoring your asset performance over time, you can begin to identify trends and compare performance and requirements at certain periods. Your operations might be affected by seasons and you notice more strain on assets in the winter months. This information can be used to make data-driven decisions about your long-term strategy going forward and how you can get the most out of your assets.
Breaking down the barriers to asset management – Certus Jump Start
To help smaller business and departments to benefit from enterprise asset management solutions, Certus has just created Jump Start for our Asset Insights Platform. Jump Start takes away the two biggest barriers to implementing IBM Maximo – the world’s leading asset management solution. We’ve reduced the licencing costs, and the cost of implementation, by offering it as part of a managed platform.
The Benefits of Certus Jump Start:
A fully operational asset management platform within 3 months at low investment.
All the foundational components of an asset management system allowing you to manage MRO (maintenance repairs and operations) of your key assets.
Delivered on the Gartner Quadrant-leading Maximo solution from IBM.
Delivers essential business processes from which you can subsequently expand your asset and service management at your pace.
Not only can you get up and running with minimum time and cost but you also maintain complete scalability with access to the full Certus Asset Insights Platform and visibility of the cost to develop and enhance your solution.
Good asset management practices can yield significant benefits to companies including cost savings, operational efficiency, increased asset reliability, longer asset life, and increased safety.
If you want to find out more about Certus Jump Start and how it can help your business, request a call with one of our experts.