Suppose your organization has multiple assets at the heart of the business. In that case, you will know that an effective asset management technology, whether the assets are financial, physical, or organizational, always contributes to better business results. Among the benefits of implementing the system from an asset management platform are an increase in financial performance, efficiency of risk management, improvement of services and results, demonstration of social responsibility, increase in prestige, and improvement of organizational sustainability, efficiency, and effectiveness. Auditing and certifying your management system also gives you additional credibility.

See How Asset Management Technology Can Help

Certification bodies have a great responsibility to their stakeholders, including their clients and the clients of the organizations whose management systems they certify, in ensuring that only those auditors who demonstrate relevant competence are allowed to audit asset management systems. The aim for all auditors of asset management technology is to have both the generic competencies as well as the specific competencies for the management system. Competency requirements for auditing and certification of these systems set out additional competency requirements for personnel involved in the certification process of all these systems mentioned above.

Asset Management Platform

Certification bodies are required to identify the specific competence of the audit team for the scope of each system audit. Therefore, the technical specification includes requirements regarding the knowledge necessary for the audit team to know and understand:

• terminology, definitions, and principles;
• the relevant asset management platform, activities, and methodologies, as well as their application;
• normative documents and standards for the asset management system;
• business management practices and approaches to determining the value of assets to the organization;
• terminology, processes, technology, and asset types specific to the client's sector;
• the customer's products and services, processes, and organization.

The selection of such an audit team will depend on various factors, including the type of products, services, and assets of the client. Competence requirements are also described for those who review the audit report and make certification decisions, as well as for other personnel involved in certification activities. Other personnel involved in the certification are those who perform the request analysis to determine the necessary competence of the audit team, select the members of the audit team, and choose the audit time, must have knowledge and understanding of the products, services, and asset types specific to the client's sector.

The standard includes requirements regarding:

• the context of the organization (understanding the organization and the context in which it operates, understanding the needs and expectations of stakeholders, and determining the purpose of the management system);
• leadership (leadership and commitment, politics, organizational roles, responsibilities and authorities);
• planning (actions to deal with risks and opportunities);
• support (resources, competence, awareness, communication, documented information, etc.)
• operation (operational planning and control, change management, outsourcing);
• performance evaluation (monitoring, measurement, analysis and evaluation, internal audit, management analysis);
• improvement (nonconformity and corrective actions, preventive actions, continuous improvement)

Why Is Service Management Important to You?

The proper certification in this field will help you to significant management improvements, so that you meet all the legal requirements that a business should follow. It is the company's most robust defense when you do not want to spend so much money but also gain some free time. By adequately managing assets, you can use them wisely, and at the same time, you can provide your business some value. It is meant for adequately managing different risks, which in the end, will be helpful for your company’s improved performance.

Implementing a good asset management technology should be a must in many situations. And why is that? Using the proper asset management platform allows a company to match its goals with the goals of the management system to achieve the desired results. Furthermore, such certification aligns the organization's objectives with the objectives of service management, as its purpose is to achieve organizational goals. Certified people's benefits offer any company many advantages, with no limits regarding support for business improvement and growth.

Managing structural integrity is fundamental to ensuring that structures and designed components remain safe and productive as it offers many benefits, such as improved brand reputation. Practical inspection and risk management minimizes the possibility of a catastrophe and the probability of removing specific components from use, maximizes operational efficiency, and promotes extending the life of assets. As you can see, there are plenty of advantages that any company will have.

Benefits of Proper Management Services

1. Operational Efficiency: A well-thought-out approach optimizes the use of resources, reducing operational costs and improving overall system efficiency.
2. Loss Prevention: Continuous asset monitoring and preventive interventions help prevent various problems, minimizing losses and reducing associated costs.
3. Durability and Sustainability: By extending the life of assets and adopting sustainable practices, asset management helps conserve resources and reduce environmental impact.
4. Improving Service Quality: By effectively monitoring and maintaining infrastructure, service management contributes to the provision of higher-quality services to customers and the community as a whole.

A well-designed asset management platform contributes to the optimization of the use of financial resources by identifying and eliminating losses, as well as by effectively allocating investments according to priorities. Effective asset management also includes assessing and managing associated risks. By anticipating and proactively dealing with potential problems, the organization becomes more resilient to unforeseen situations, thereby reducing the impact on assets and overall business operations. Proper management enables the organization to provide higher-quality services to customers and achieve better results in terms of operational performance.

Identifying and implementing more effective practices leads to continuous improvement of the organization's results. Organizations that adopt a responsible and sustainable approach attract attention and recognition among the community and business partners. That can strengthen the organization's prestige and increase the trust of customers and stakeholders. By ensuring the sustainability of assets and operational processes, asset management technology contributes to building a resilient organization over time, capable of adapting to change and maintaining long-term performance. Now that you have all the information regarding this issue, when the time comes for needing help in this field, feel free to contact professionals.