Application of Asset Management System can have many benefits to your company, including the following:
1. Good Business Practice.
Asset management results in better decisions. Aligning management of infrastructure with strategic policies and direction will support the long-term success of the utility’s mission, goals and objectives.
2. More Meaningful Financial Reporting.
An asset management approach can aide a utility in complying with company requirements.
3. Improved Regulatory Compliance.
Part of asset management involves the implementation of better O&M practices, which can significantly improve compliance.
4. Improved Reliability.
More structured day-to-day attention to system assets and their condition means […]