ISO 55001:2024 Asset Management
ISO 55001:2024 Asset Management
The ISO 55001:2014 and Asset Management System Requirements Standard assists organisations to categorise their assets and manage them through an entire supply chain process. The standard is closely linked to the Financial Appreciation and Depreciation of assets that can be managed using serial numbers, locations, tracking, tracing, and responsibilities within an organisation.
The standard assists an organisation to determine its net value, as well as assists it in reducing insurance premiums with effective policies implemented and maintained through a good inventory system.
What is ISO 55001:2014?
ISO 55001:2014 assists the organisation in effectively managing the lifecycles of their assets. Thus, by managing the assets properly, organisations will be able to increase resource efficiency by using available assets wisely and get more out of their utilisation while delivering added value to the organisation.
ISO 55001:2014 will support the handling of Risks and processes, which will result in improvement in the organisation’s performance and align its objectives with their Management system.
Why does an Organisation need ISO 55001:2014?
ISO 55001:2014 can be applied to any asset within organisations of any type and size.
When your organisation is ISO 55001 certified, your organisation can develop an efficient approach to asset lifecycle management. With ISO 55001 certification, you can support your organisational growth by:
- Managing assets effectively
- Mitigating and managing risks associated with your organisation’s assets
- Improving the financial performance of your organisation
What are the Benefits of Implementing ISO 55001:2014?
Benefits of ISO 55001 certification include but are not limited to:
- Improved ability to manage the lifecycle of assets
- Improved development of feasible and foreseeable cash flows
- Increased profitability
- Improved ability to ensure that assets achieve their necessary function
- Increased business growth
- Improved management of risks related to assets of the organisation.
Standards can be used to streamline the internal processes of an organisation, for example by reducing the time needed to perform specific activities in the various business functions, decreasing waste, reducing procurement costs and increasing productivity.
How do I implement ISO 55001:2014 in an organisation?
ISO Consulting & Implementation:
We have a range of professional consultants, engineers, and registered auditors to assist in implementing and maintaining any ISO management system. Our industry expertise includes services, telecommunication, manufacturing, construction, engineering services, fast-moving consumer goods, mining, power generation, state owned companies, and government-run organisations. A good consultant takes the time to truly understand the processes of your company.
Therefore, they can approach the implementation of ISO requirements accordingly. The cost of hiring a consultant and the time spent to implement your ISO management system will definitely pay off in the long run.
WWISE has a 4-Phase Approach:
- Phase 1: Gap Analysis Audit and Information Gathering
- Phase 2: ISO Documentation, Risk Assessment, and Process Mapping
- Phase 3: Implementation and Coaching
- Phase 4: Certification
WWISE provides a turnkey solution which includes templates, 1-on-1 coaching, on-the-job training, and mentorship. As a consulting firm, we do not provide certification services. However, we will guide you through the certification process and ensure that your business becomes certified.
Why Choose WWISE to Assist your Organisation:
Certification Process:
An organisation can get certified to a requirement standard. You can implement the standard and get certified by a third party.