Enhancing our Customer’s Return on Asset Investment

Enhancing our Customer’s Return on Asset InvestmentWe helped our customer Improve asset inventory management, conduct comprehensive asset assessments, set service standards, digitalize asset data, and reduce carbon footprint.

What We Did

We assisted our customer in enhancing their asset inventory management by implementing systematic tracking and categorization of assets, ensuring accuracy and efficiency. We conducted comprehensive asset assessments to provide a clear understanding of the asset’s condition and value, which allowed for informed decision-making regarding maintenance and replacement. By setting service standards, we ensured that all assets met consistent performance and quality benchmarks, leading to improved operational reliability. Additionally, we digitalized asset data, facilitating easy access, monitoring, and updates, thereby streamlining asset management processes. Our efforts also contributed to a reduction in the carbon footprint by optimizing asset usage and promoting sustainable practices.

Opportunity

The Opportunity

Our Customer is a large asset owner, faced challenges in managing a vast and diverse portfolio of properties. The primary opportunities identified were:

Asset Inventory Management: Improve accuracy and completeness of asset inventory.
Asset Assessment: Conduct thorough assessments to understand the condition and performance of assets.
Service Standards: Establish clear service standards for maintenance and operations.
Asset Digitalization: Leverage digital tools for efficient asset management.
Sustainability: Implement measures to reduce the carbon footprint of the asset portfolio.

Solution

The Solution

1.Comprehensive Asset Inventory

Conducted a detailed inventory of all assets across the portfolio.
Developed a centralized database to store and manage asset information.
Implemented a regular auditing process to ensure inventory accuracy and completeness.

2.Asset Condition and Performance Assessment

Deployed a team of experts to conduct comprehensive assessments of asset conditions and performance.
Utilized advanced tools and techniques, to gather accurate data.
Developed detailed reports highlighting the current state, required maintenance, and potential upgrades for each asset.

3.Service Standards Development

Collaborated with the operations team to define clear service standards for maintenance and operations.
Created standard operating procedures (SOPs) for routine and preventive maintenance activities.
Established key performance indicators (KPIs) to monitor and evaluate service quality and adherence to standards.
Established a comprehensive service level agreement to set the service standards and help our customer put out tenders to onboard service providers

4.Digitalization of Asset Data

Implemented a comprehensive asset management system (AMS) to digitalize asset data and streamline management processes.
Integrated the AMS with existing enterprise systems for seamless data flow and accessibility.
Provided mobile access to the AMS, enabling field teams to update asset information in real-time.

5.Sustainability and Carbon Footprint Reduction

Conducted an energy audit to identify opportunities for improving energy efficiency across the portfolio.
Implemented energy-efficient upgrades, including LED lighting, smart HVAC systems, and solar panels.
Developed a sustainability plan focused on reducing carbon emissions and enhancing resource efficiency.
Promoted green building certifications for new and existing properties to ensure adherence to sustainability standards.

Impact

The Impact

1.Positive Financial Impact

Achieved reduction in asset services by 30% by standardizing service delivery and enhancing asset performance
Prolonged asset lifetime, adding value to our customer’s balance sheet and reducing cashflow impact.
Enhanced Asset Inventory Management
Achieved 100% accuracy in asset inventory, providing a reliable foundation for asset management.
Reduced discrepancies and improved data integrity through regular audits and updates.

2.Improved Asset Condition and Performance

Identified and addressed critical maintenance issues, preventing potential failures and extending asset lifespan.
Improved asset performance and reliability, enhancing overall portfolio value.

3.Standardized Service Quality

Established clear service standards and SOPs, ensuring consistent and high-quality maintenance and operations.
Improved service delivery and customer satisfaction through adherence to defined standards.

4.Efficient Asset Management through Digitalization

Streamlined asset management processes, reducing manual effort and errors.
Enhanced decision-making with real-time access to accurate and up-to-date asset data.

5.Reduced Carbon Footprint and Enhanced Sustainability

Reduced energy consumption by 20% through energy-efficient upgrades.
Lowered carbon emissions by 15%, contributing to GREH’s sustainability goals.
Achieved green building certifications for multiple properties, enhancing the company’s reputation for environmental responsibility.