Using Work Management Best Practices to Achieve Asset Optimization (1)

Work management best practices, demonstrate how businesses within specific industries should design their asset management processes to optimize asset utilization, decrease operating and maintenance costs and capital expenditures, and increase profitability and productivity. But asset utilization doesn’t happen overnight. It can be achieved only through the implementation of these best practices throughout the organization. A company that has little or no formal process regarding maintenance, for example, will have a longer road to achieving asset optimization than a company that has many of these processes already in place.

Each stage acts as a foundation for the next.