ISO 55000 defines Asset management as the “coordinated activity of an organization to realize value from assets”. In turn, Assets are defined as follows: “An asset is an item, thing or entity that has potential or actual value to an organization”. This is deliberately wider than physical assets but these form an important focus for more organizations. Asset Management involves the balancing of costs, opportunities and risks against the desired performance of assets, to achieve the organizational objectives. This balancing might need to be considered over different time-frames.
Asset Management is the art and science of making the right decisions and optimizing the delivery of value. A common objective is to minimize the whole life cost of assets but there may be other critical factors such as risk or business continuity to be considered objectively in this decision making At Yellow Zebra we understand the requirements of Businesses and realize that there is no One for All solutions. Since the requirements vary. Instead of customizing one solution, which is expensive and time consuming and hard to maintain over time, we offer the solutions that meet the requirements.
Please read through our solutions and contact us to discuss further.