What Is ISO 55001?

Assets can be of any size, but there is one thing that all organizations share: assets. Assets can provide your company with a competitive advantage, or drain your organization’s resources. ISO 55001 will help you manage your assets efficiently. ISO 55001 can be especially useful in capital-intensive industries with large fixed costs, high physical assets to maintain, and high fixed costs. This includes distribution, heavy and lightweight manufacturing, construction management, property management, transportation, and utilities.

ISO 55001 was released in January 2014. This standard outlines the requirements for implementing and maintaining assets and also how to improve them through an Asset management system. ISO 55001 seeks to extend this approach to all other sectors to allow businesses to take advantage of it.

It was designed to guide and structure an Asset Management System. This system is used to manage risk and improve financial performance.

Helps to you with:

  • Better financial performance
  • Competent asset investment decisions
  • Effective integrated management of risk
  • Higher resilience and reliability
  • Improved services and outputs
  • Demonstrated responsibility for social issues
  • Demonstrated regulatory compliance
  • Acquired reputation
  • Customers and stakeholder satisfaction are improved
  • Organizational sustainability improved
  • Increased efficiency & effectiveness

More Business

Many procurement specifications require certification to ensure supply. Certification opens up new possibilities.

Customer Satisfaction

Deliver products that meet customer demands and a reliable service that can be trusted.

Improved Stakeholder Relationship

Your organization’s image will be improved with your customers, suppliers, and staff.

Legal Compliance

Know the implications of regulatory and statutory requirements for your organization and customers.

Proven Business Credentials

It speaks volumes that independent verification against an industry-standard is done.

Less Operating Costs

Constant improvement in processes and resulting operational efficiencies means money saved.

Improved Risk Management

Better traceability and consistency of products and services mean that problems are less likely to be missed and can be easily fixed.

Effective Management Of Value, Risk, And Reliability

Good governance and a clear understanding and control of assets can boost stakeholder confidence (e.g. Lower insurance premiums can be achieved by customers and regulators acting for customers.

Seamless Integration Of AMS In Integrated Management Systems

Modern HSE, Security, Information Security, Quality, Environment, and Business Continuity Programs demand current knowledge and effective management. Incorporating a comprehensive AMS to integrated management systems can add significant value in improving the organization’s overall Risk Management Model.

Standardize To Simplify

Large organizations can standardize and simplify their assets and equipment. It also reduces the cost of spares and supplies. Training and support are all possible through asset management. Optimized asset-management programs maximize value and allow for growth.

Process Safety

Effective asset management can improve personal and process safety and decrease the likelihood of injuries and other catastrophic events. Proactive risk management, as well as operational management of assets, helps to reduce the chances of incidents or accidents.

Image& Reputation

Just as assets contribute to an organization’s reputation and image, so do they help with its operation. Many assets, including retail and hospitality, are the main entrance to the enterprise. Improved design directly contributes to higher visits.