MET IIB: Asset management

Manufacturing organisations are often comprised of a large number of physical assets, from production machinery to information systems. These assets must be managed to ensure the long term smooth running of the operation. Effective asset management demands timely information. This module aims to provide an overview of the key issues in managing assets strategically.

Course leader

Dr A Parlikad

Module learning outcomes

On completion of the module students should be able to:

• Describe the key factors that determine the competence of an organisation in managing its physical assets
• Describe the emerging trends in servitisation, and the role of asset management in enabling effective service provision
• Describe how asset lifecycle decisions (inspection, maintenance and replacement) are made
• Describe the role of information in enabling effective asset management