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Asset Management is essential to the success of any business enterprise, regardless of size of the business. But even a successful business with an established asset management program can experience asset failures and incur related costs that strain the organization’s resources and pose obstacles to achievement of operational and financial goals.
An Asset Management & Reliability program combines managerial art with engineering science to coordinate all asset management activity within a business enterprise, for the purpose of realizing maximum operational and financial value from the business’ critical physical assets. Once established, the AM&R program must continuously be evaluated and updated to adapt to an organization’s changing needs.
TÜV SÜD GRC offers systematic, top-down, enterprise-wide evaluation and assessment of a company’s asset management and reliability activities and decision-making processes, with a focus on asset protection and production value streams. Services include an overall assessment of the company’s AM&R program, validation of the program’s strengths, analysis of opportunities for change or improvement, and assessment of asset costs and risks in context of the company’s financial and operational objectives.
The TÜV SÜD GRC team has the combined “art and science” skills to assess your asset management and reliability program from end to end, validate the program’s strengths, and identify potential for improvements. We offer opportunities to enhance asset reliability, improve consistency of performance, and measure the program’s financial returns. Our service will help your organization better mitigate business risks, improve process control, and increase financial returns on your physical and human assets.
Signs that an evaluation of a company’s asset management system could be helpful may include:
Our AM&R Process Troubleshooting evaluations and deliverables include:
Any business enterprise seeking to extract maximum value from its physical assets can benefit from our Asset Management and Reliability Process Troubleshooting services. Severalfold returns on investment in our service may be realized by clients across virtually every industrial business sector through reduced loss frequency, savings in maintenance costs, and reduced downtime. Resulting improvements in reliability and consistency of performance, along with corresponding improvements in financial results, can make your company more attractive to lenders, insurers, and other financial organizations, as well as to your customers and shareholders.
Call us to discuss how TÜV SÜD Global Risk Consultants’ Asset Management & Reliability Process Troubleshooting services can help you maximize the value you receive from your physical and human assets:
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