Optified - O4 - Asset & Resource Management

The Asset & Resource Management Process Areas (Level 1) has 5 Sub Process Areas (Level 2) and there are 14 Process Areas (Level 3) and corresponding procedures for Optified ERPNext (Level 4):

• O4.1 - Asset & Resource Inventory
• O4.2 - Resource Forecasting & Planning
• O4.3 - Asset & Resource Allocation
• O4.4 - Maintenance & Optimization
• O4.5 - Disposal & Replacement

O4.1 - Asset & Resource Inventory

1. Identify and categorize all physical assets (e.g., equipment, property, facilities) and intangible assets (e.g., intellectual property, data).
2. Develop a system to track resource availability and utilization (e.g., personnel, materials, budget).

https://docs.google.com/document/d/1nQGNReqOdeemmCoW7JkezXZTwTPO0bS7W0gKBCI5cwQ/edit?usp=sharing

O4.2 - Resource Forecasting & Planning

1. Forecast future demand for assets and resources based on business plans, growth projections, and market trends.
2. Identify potential gaps between existing resources and future needs.
3. Develop strategies to address identified gaps (e.g., acquisition, disposal, reallocation).

https://docs.google.com/document/d/11gHnL7pCSjZ3uEMtrLTdz6PfKOoStzZGJxohUEkXh38/edit?usp=drive_link

O4.3 - Asset & Resource Allocation

1. Allocate assets and resources to departments or projects based on priorities and needs.
2. Develop and implement policies and procedures for asset and resource utilization.
3. Monitor resource allocation and make adjustments as needed.

https://docs.google.com/document/d/1Ksk5rmYRLh37Zn4HEo6wa_Bc4WjKorobrG-pWC6btSo/edit?usp=drive_link

O4.4 - Maintenance & Optimization

1. Develop and implement preventive maintenance schedules for assets.
2. Conduct regular inspections to identify potential problems and address them promptly.
3. Analyze resource utilization data and identify opportunities for streamlining processes and reducing waste.

https://docs.google.com/document/d/1tlK64B5Ga1u04tWhPg3rTTRDdAM6HLGMDAt9yJOmerc/edit?usp=drive_link

O4.5 - Disposal & Replacement

1. Establish criteria for asset disposal based on factors such as age, condition, and obsolescence.
2. Develop a process for the disposal of assets in a responsible and environmentally sound manner.
3. Develop a replacement plan for aging assets to ensure continued operational capability.

https://docs.google.com/document/d/1ENZWcrLAKhOhk0wxU0fOVX7u78xeKstrKENYTnax498/edit?usp=drive_link