https://thekey-partners.com/cloud-hosting-vs-on-premise-hosting/
Asset management, which is an approach to strategic long-term maintenance planning and operational planning, can help bring physical assets into line with the organization’s business objectives. Strategic asset management allows decision-makers to align budgetary goals with service level requirements for long-term sustainability of facilities and infrastructure instead of relying solely on budgets.
The most important element in this approach is a strong team with a shared vision. The people who manage and manage your assets are an important part of the process, as they are familiar with the equipment in detail. They can offer valuable insight on how to improve processes and procedures and have a significant impact on the asset management process. Involving these employees from the beginning can also assist in ensuring that everyone is on the same page when defining your strategy.
A sound asset management plan starts with taking inventory of your assets and documenting them, including their location and their condition. This will help you identify your most valuable assets and determine the priority of their maintenance. Then, you can use this information to plan a number of additional initiatives, such as streamlining work orders, maximizing uptime and improving reporting.
Assessing the impact of asset-management decisions on your community is another vital aspect. This includes weighing the immediate cost against the long-term benefits and savings, and evaluating the effect on the environment.