SYNOPSIS   

Asset management is dedicated to help a company plan, procure, install, commission, monitor,manage and dispose their assets using a systemised approach. Assets must be managed effectively to improve productivity and efficiency with the least possible downtime to increase return on investment. A good maintenance system can prevent any unnecessary, additional costs being incurred due to unscheduled downtime or repair. By having such a system in place allows companies to track the overall performance of their assets to ensure that they’re being utilised efficiently. An asset management system allows for performance to be monitored and reviewed.

Asset management encompasses the entire lifecycle of an asset. Every asset has an optimum operating life where performance is at a peak. After a period of use, wear and tear will reduce this. And once an asset is at this stage, maintenance and repairs costs can exceed the cost of a replacement. Sometimes, the technology of that asset is also obsolete and cannot be integrated with other systems. For an engineering asset, it is the lifecycle from procurement, maintenance, repair, operations through to upgrading or disposal. All costs associated with an asset need to be factored in to determine the total cost of ownership for each asset. This information can then be used as a benchmarking tool to determine which are the most cost-effective and suitable assets for the company.


BIODATA OF SPEAKER

Speaker : Prof. Dr. Abd Rahman Bin Abdul Rahim

Dr. Abdul Rahman Abdul Rahim is currently a professor in Mechanical Engineering at Nusa Putra University, Sukabumi, West Java, Indonesia. He was a former Associate Professor and Head of Engineering Department, UTM Razak School of Engineering and Advanced Technology, UTM Kuala Lumpur. He was an associate lecturer at Meiji University Japan from 2011 to 2023 teaching Supply Chain Management at the Graduate School of Business Administration.

He was a committee member of Project Management Technical Division, Task Force Member on Dengue Prevention and Library Committee Member, Institute of Engineers Malaysia. He was also a Quality Committee member with Board of Engineers, Malaysia.