The Importance of an Asset Management Policy in Overall Asset Management
The Importance of an Asset Management Policy in Overall Asset Management Asset management is a critical function in any organization that relies on physical assets to deliver products or services. Whether in manufacturing, utilities, transportation, or facilities management, the ability to maximize asset performance while minimizing costs and risks is key to long-term success. However, effective asset management doesn't happen by chance—it requires a structured approach. This is where an Asset Management Policy becomes essential. An Asset Management Policy serves as the foundation for an organization's asset management strategy. It defines the principles, objectives, and guidelines that govern how assets …Read more »


