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There’s much to learn about this ‘dark art’

Wendy Pascoe explores how telematics can be leveraged to improve asset management

The Institute of Asset Management (IAM) defines asset management (AM) as the “coordinated activity of an organisation to realise value from assets”. But the tank container industry, it appears, may have much to learn about this dark art and could be significantly more profitable if it was better at it. To many, asset management hardly sounds exciting but it is increasingly recognised as a key driver of running a profitable business by ensuring its assets are managed as efficiently as possible. For the tank container industry, that means knowing where tank containers are geographically positioned – minute by minute – to ensure that there are no impediments or delays, thereby leaving as little standing time as possible. Long gone are the days when asset management meant keeping the shelves of your shop tidy and doing a bit of stock taking. The IAM, a not-forprofit membership organisation based in the UK, says asset management is the art and science of making the right decisions and optimising the delivery of value. A common objective is to minimise the whole life cost of assets. This involves the balancing of costs,.....
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July 7, 2017


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