Basic Introduction of Asset management System Certification

The most common usage of the term "asset manager" refers to investment management, the sector of the financial services industry that manages investment funds and segregated client accounts. Asset management is part of a financial company which employs experts who manage money and handle the investments of clients.

Certification to ISO 55001 Asset Management

Implementing an asset management system requires investment of time, energy and in some cases, substantial cost – justified only by your organizations ability to realize the benefits of implementation. Independent certification or verification provides your business, customer and other stakeholders with a clear indicator of your performance against your asset management and wider business objectives. Additionally, if you are looking to grow your business and demonstrate to customers and prospective customers that your system meets the requirements of a globally recognized asset management system, certification could be right for your business.

How to get certified to ISO 55001

We make the certification process straightforward. After we have received your application we appoint a Client Manager who will guide you and your business through the following steps. FIrst step is Gap analysis This is an optional pre-assessment service where we take a closer look at your existing asset management system and compare it with ISO 55001 requirements. This helps identify areas that need more work before we carry out a formal assessment, saving you time and money. Second step is Formal assessment This happens in two stages. First we review your organization’s preparedness for assessment by checking if the necessary ISO 55001 procedures and controls have been developed. We will share the details of our findings with you so that if we find gaps, you can close them. If all the requirements are in place, we will then assess the implementation of the procedures and controls within your organization to make sure that they are working effectively as required for certification. Third step is Certification and beyond When you have passed the formal assessment you will receive an ISO 55001 certificate, which is valid for three years. Your client manager will stay in touch during this time, paying you regular visits to make sure your system doesn’t just remain compliant, but that it continually improves.

Planning for AMS (ISO 55000)

6.1 Actions to address risks and opportunities for the asset management system When planning for the asset management system, the organization shall consider the issues referred to in 4.1 and the requirements referred to in 4.2 and determine the risks and opportunities that need to be addressed to: — give assurance that the asset management system can achieve its intended outcome(s); — prevent, or reduce undesired effects; — achieve continual improvement The organization shall plan: a) actions to address these risks and opportunities, taking into account how these risks and opportunities can change with time; b) how to: — integrate and implement the actions into its asset management system processes; — evaluate the effectiveness of these actions.

What is an asset management system? In short, it’s any process a company or organization uses to keep track of the equipment and inventory vital to day-to-day operation of their businesses. Exactly how those assets are managed, though, is highly variable. In large part, it depends on whether the organization in question is aware of the assets they own, and whether they’re aware of the potential ramifications of an inefficient tracking system. An accurate, real-time asset tracking system is more important than a lot of companies realize. Unfortunately, companies who don’t have a handle on their asset management typically lose considerable amounts of money and time before they begin to seek a better solution. Thanks to the cloud and mobile technology, there is indeed a better way to track your assets. Asset Panda offers our clients a platform that’s extremely intuitive and easy to use. We’ve invested hundreds of hours to research and develop a robust set of features that empower clients to manage their assets exactly how they want – and at a fraction of the cost of our competitors. All that’s needed to track your inventory in real time, 24 hours a day, is the mobile device you already carry. A lot of organizations are managing their equipment and inventory through a manual process, including spreadsheets over which an employee or employees are tasked with the responsibility of maintaining. These days, a significant percentage of companies are doing more with less – requiring staff to take on a higher volume of work, and without adding headcount. The urgent matters and assorted fires that occur over the course of a day or week push asset management ever further down the list of priorities