Learn how to achieve assertiveness and results with asset management. Discover the best industry practices!

Asset management is one of the most important sectors for a company’s success. It involves monitoring, controlling, and optimizing the company’s assets, such as machinery, equipment, facilities, and others. Assertiveness in this area is essential to achieve real results and improve the company’s performance.

In this post, we will present the best practices to achieve assertiveness and results with asset management!

First, what does it mean to be assertive?

Assertiveness is a quality related to assertive people or processes. This idea is related to clear, objective, transparent, and honest communication.

When we talk about assertiveness in asset management, we refer to the use of effective and efficient practices to monitor, control, and optimize the company’s assets. This includes mapping assets, monitoring processes, establishing performance indicators, seeking specialists, and creating inventories.

These are practices that really work and generate real results for the entire business, with transparency in information, good communication flow, and no loopholes in processes.

How to achieve assertiveness and results with asset management?

To achieve assertiveness and results with asset management, it is necessary to follow some steps and practices that aim to control, preserve, and optimize the company’s assets, such as machinery, equipment, facilities, among others. Some important steps are:

Take an inventory of all assets used

This is always one of the first steps for assertive asset management. List assets briefly in the balance sheet to better understand what these assets are. Also, don’t forget to categorize equipment and facilities by type and criticality level.

Create an inventory

Record all relevant information about assets, such as location, condition, value, and useful life for better organization and control.

Follow closely all processes related to assets

Verifying performance, identifying risks, costs, and opportunities that assets can offer is a mandatory practice. At this point, technology is a great ally. EAM (Enterprise Asset Management), for example, is a system that organizes asset information in a streamlined manner, making the management process faster and simpler.

In addition, it has resources that help improve process performance, such as cost analysis, inventory control, maintenance planning, among others.

Motivate your operation team

In addition to relying on technology, take care of your human capital. Thus, help your operation team create a culture of responsibility and care for assets so that expected results can be achieved.

Define KPIs – performance indicators

Performance indicators are metrics used to measure and evaluate asset performance. These indicators can be operational, financial, cost, quality, among others. For example, an important performance indicator in asset management is the return on investment (ROI), which measures the profitability of an asset.

Therefore, don’t forget to evaluate asset efficiency and profitability to gain greater control over them.

Seek specialists

Specialized professionals in different sectors can assist in the implementation and maintenance of asset management to ensure the best use of available resources.

Evaluate costs

Consider costs for acquisition, operation, maintenance, and disposal of assets to evaluate whether the investment is being well used.

Create an asset management plan

Define rules, objectives, responsibilities, and actions related to assets so that everyone knows what is expected.

Evaluate results

At this stage – which should not be a continuous process – evaluate whether asset management is bringing benefits to the company and whether there is a need for adjustments or improvements to obtain the maximum benefit from available resources.

Asset management is a practice that can bring financial, operational, and strategic advantages to the company, such as cost reduction, increased productivity, improved quality, inventory optimization, greater competitiveness, among others. With the best practices, you achieve assertiveness in this sector.

So, what are you waiting for to implement asset management in your company? Request a demonstration of our solution – Manusis4!