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ISO 55001 Asset Management System Do You Need It

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ISO 55001 Asset Management System Do You Need It

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  1. ISO 55001 Asset Management System: Do You Need It?

  2. Organisational assets including physical assets as well as capital assets have a significant role to play in their growth and success. How those assets are utilised and managed determine whether there is a further drain of resources or there is an addition of value to their existing resources. The ISO 55001 asset management standard helps organisations to manage their assets more efficiently irrespective of their business type, size, or complexity of operations. ISO 55001 is the international standard defining the requirements for an appropriate asset management system (AMS) that helps in mitigating or managing risks. The next slides give further insight about the standard and explain why it’s necessary for your business today. What is the Importance of the ISO 55001 Standard?

  3. How Asset Management Systems Benefit Businesses These are the potential benefits of an asset management system which a business can derive. 01 Effective management of risks and value Integrates with other management systems 02 03 Standardisation of assets 04 Improves financial performance

  4. Effective management of risks and value A standardised AMS helps organisations to have a greater understanding and governance of their assets. As a result, risks are identified earlier, more easily prevented, and ensure higher reliability. Integrates with other management systems An AMS based on ISO 55001 standard’s regulations can be seamlessly aligned with other ISO management systems including quality management, information security, and environment management. The integration thus helps significantly in overall risk management in the organisation. Standardisation of assets An AMS allows big manufacturing organisations to standardise their plants, equipment, and material supplies manage them efficiently which saves costs. Improves financial performance With optimised management of asset risks and reliability, an AMS supports and improves the financial performance of an organisation and drives its growth.

  5. Key Takeaway Now that you know what ISO 55001 asset management standard is, the question is, does your business need it? Businesses of any type or size all have at least one or more forms of assets as they are the front door to their operations, so it is a requisite management system for your company too if you want to maximise the value of your assets and improve organisational sustainability.

  6. About the Company Compliancehelp is a trusted ISO consultancy in Australia that offers support and guidance to organisations to get ISO certifications. They give a clear idea of costs and other processes required to gain and maintain certification.

  7. Contact Us https://quality-assurance.com.au sales@compliancehelp.com.au 1800 503 401 Compliancehelp

  8. THANK YOU

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