Asset Management Systems

The internationally accepted standards for asset management, ISO 55000 and PAS 55, both emphasize the importance of asset management systems.

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An asset management system (AMS) is a management system for an organization's physical assets. It is a comprehensive framework of asset management policies, strategies, practices, and processes that an organization adopts in order to accomplish its objectives.

The Premiere Solution for Asset Management

In some organizations, there is not an official system for how assets and infrastructure are to be managed. There is just “the way we have always done it,” which is mostly kept in the heads of maintenance engineers, storeroom staff, procurement personnel, etc. But for organizations looking to improve, processes must be documented — formalized — to ensure everyone is clear on who does what when. This process of “systematizing” how assets are managed is what an AMS is all about.

AMS Engineering helps organizations “systematize” their asset management operations through the design, implementation, and continuous improvement of an organization-wide AMS. AMS are used widely in asset-intensive operations such as manufacturing, government, and utilities because of their exceptional ability to create value.

ISO 55000 and PAS 55, the two international asset management standards, both require organizations to establish an AMS in order to demonstrate compliance or to achieve certification. Both standards stress that asset intensive operations need to take a comprehensive (“not just about maintenance”) approach to asset management if value is to be created over the long term and on a consistent basis.

Our Best-Practice Approach

But simply having an AMS is not enough. It is critical that you build your AMS on industry-proven and accepted practices. Starting with the right foundation accelerates value realization and provides assurance to stakeholders that the system is built on rock-solid footings. Making the mistake of building your system on questionable practices can we be worse than not implementing a system at all. Beginning with practices that are industry-recognized and established will help you implement a better system faster.

AMS Engineering specializes in designing and implementing industry-leading, ISO-compliant AMS. We draw on proprietary toolsets (i.e., SynergyTM) and deep domain expertise to build high-performance systems that deliver unparalleled value to our clients. Our systems improve asset performance, reduce risk, and lower OPEX costs on a long-term and sustainable basis. Our AMS integrate and optimize all aspects of the operation to create maximum value.

Are your physical assets critical to helping you accomplish the organization's objectives?

If so, do you have a structured and comprehensive program of documented practices and processes in place to make that happen?

If not, contact us. We can help.


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Defining Asset Management