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Physical Asset Management Handbook 4th Edition by John Mitchell

Editors note: We are fortunate to host John Mitchell for a full day workshop on Optimizing Physical Asset Management at IMC-2006 December 5-8, 2006 in Daytona Beach Florida. Click here for more details and an audio interview with John Mitchell about Asset Management
 
Excerpt: Chapter III: Physical Asset Optimization Foundation

Click here to download a the complete chapter as a PDF document (250K)


Click here to order a copy at Clarion.org

 Physical Asset Management defines a “best way” of managing corporate physical assets to gain greatest return. It blends the best processes, practice and technology used by industry leaders to assure highest effectiveness in your specific business, operating, organizational and material conditions. The purpose of Physical Asset Management is to ensure that the means of production and operation are available to meet mission, availability, yield, schedule, quality, and
cost commitments effectively at optimum return.
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