Cover Your A$$ets
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John L. Ross. Cover Your A$$ets
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Cover Your A$$ets
Asset Management
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A colleague of mine once told me that in his opinion everyone in an organization owes their paycheck to the smooth and reliable operation of the capital equipment of the enterprise. This interpretation lends itself to all facets of industry. A significantly important asset in your company, in some small way, determines if you get paid or not, and oftentimes how much. Extend that idea out and you can see that the operation and continued operation of our plant and facility assets determine where we live (socio-economic), what kind of car we drive, and even where our kids go to college. That is or should be a powerful thought.
I borrowed this idea, and a central tenet of Total Productive Maintenance (TPM), to make this observation in my first book: “Everyone in the organization has, as a responsibility for their role, an understanding that their work should be profitable to the company. On the subject of equipment reliability, everyone has either a tacit or implicit responsibility to make sure the operation runs smoothly and reliably. When capital equipment is involved, everyone is responsible for equipment reliability.” (Ross, p. 49)
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