Benefits of Operations Management
Manage risk and improve asset maintenance, availability, reliability and capacity utilization — with the scale and mobile access you need to transform the way you operate and maintain equipment in the field. Learn more about the benefits of Operations Management below.
Good Business Practice
Operations management results in better decisions. Aligning management of infrastructure with strategic policies and direction will support the long-term success of the organization’s mission, goals and objectives.
Improved Regulatory Compliance
Part of asset management involves the implementation of better O&M practices, which can significantly improve compliance.
Improved Reliability
More structured day-to-day attention to system assets and their condition means that unexpected failures are less likely, thus minimizing emergency repairs, costly lawsuits and customer relations problems. Assessing the risk implications of asset failure helps focus resources on critical priorities and reduces overall risk to the organization.
Long Term System Integrity
The concept of “sustainable infrastructure” is gaining increased visibility, probably due to the problems in many American cities and towns where sufficient reinvestment in infrastructure has not been made. By relating costs to asset condition and conducting long term planning for each asset, policy makers get the facts they need to help sustain the infrastructure.
Cost Savings
There is evidence that asset management systems that maintain infrastructure in a sound and reliable condition and are based on minimizing life cycle costs, can significantly reduce operating and maintenance cost, as well as long-term capital expenses. A life cycle approach means that the utility always gets the most assets for its money.