The management of physical assets (their selection, maintenance, inspection and renewal), which plays a key role in determining the operational performance and profitability of industries that operate assets as part of their core business. Asset Management is the art and science of making the right decisions and optimising these assets. Effective Asset Management is the term applied to maximising value, mitigating costs and risks associated with existing assets through effective management.
From the date of purchase, an asset carries both a cost and a potential benefit. Inefficient management may result in increased cost coupled with reduced benefit. The REYNARD process has been designed to maximise the benefit of asset ownership whilst minimising cost and any associated liabilities.
Many asset management techniques focus on the re-use or re-sale of an asset. The Reynard equipment asset management process considers every stage of an asset’s life cycle. We specialise in extracting value from your assets, either through maximising utilisation, implementing an asset re-use cascade programme or strategic planning for recovering the highest possible value at the end of the life cycle.