Insurances.net
Insurances.net » Small Business » Asset Sustainability: What It Means to Your Business
Small Business Home Business Wholesale Business Business agency Global Economy

Asset Sustainability: What It Means to Your Business

Asset Sustainability: What It Means to Your Business
Share:    

What factors determine whether a particular asset is efficient or not within any given organization

? Put it another way, what are the important metrics when it comes to assessing the viability of an asset and its return on investment? Traditionally, these factors are centered around performance based on specific purpose and the benchmarks used reflect manufacturer or industry expectations.Asset sustainability is now becoming more widely recognized as an indicator of value. Companies understand how their activities may impact the people and environment all around them and are beginning to interpret the true meaning of corporate social responsibility. The company understands that it relies on natural resources to operate and that it must be a better steward of these resources.What factors determine whether a particular asset is efficient or not within any given organization? Placed in another light, what should be the most essential metrics in terms of asset viability assessment and ROI? Traditional organizations have placed such factors to be central on performance according to specific objectives, with benchmarks reflecting the organization's expected outcome.Every company needs to decide how it can minimize its exposure, while trying to operate to its maximum potential. This can be a difficult juggling act, especially in the modern era, when all its activities appear to be much more visible to interested stakeholders.Asset sustainability directly affects the amount of energy that the company is responsible for procuring and using. We know too well that such energy could create a volume of GHG emissions, and that every single effort needs to be aimed at curtailing carbon emissions as the threats are causing increased anxiety. If energy is to be treated as a scarce commodity, a different set of metrics must be used to record the sustainability of each asset.Typically, an asset is purchased for a particular purpose and its efficiency measured according to industry or product benchmarks. In short, the asset is termed to be operating efficiently and to purpose if it performs as measured by specific parameters. Very rarely is it measured according to its carbon output, or determined to be ultimately sustainable, or not.Asset sustainability will require a whole new approach to asset design and manufacturer. It is conceivable that such an asset may be designed to be less than ultimately efficient from a pure performance perspective in future, if such a design makes it environmentally unsustainable. This is a significant change in approach and will take some assessment.Asset sustainability may only be revealed if it is individually monitored, from an energy consumption perspective, of course. This is not the case in the vast majority of organizations, who are only beginning to determine their energy-related carbon footprint as a consequence of their overall electricity use. Individual monitoring, before the meter, will reveal how each asset is performing based on a historical analysis.Coming from an era where assets are expected to perform once installed until replacement is needed, we are moving towards taking asset sustainability as a very critical issue.

Asset Sustainability: What It Means to Your Business

By: Daniel Stouffer
Bad credit cash loans: Sufficient cash help despite bad credit issue Getting the Best Small Business Franchise Opportunity How To Increase Your Business Using Twitter Scent Marketing Turned My Business Around! The Importance Of Web Existence For Any Businesses Merchant Loans - A Simple Way To Raise Funds For Your Business SEO: Why It Is Important For Business Websites Productive Facebook Marketing - 5 Ideas For World wide web Marketers No credit check business loan– Get approval loans This Wealthy Affiliate Review Is To Motivate You To Join And Start Earning Cash Online Now Key to your Business – Commercial Mortgage Commercial Mortgage – Funds for your Business Needs Microsite: Useful for Small Businesses and Large Marketing Campaigns
Write post print
www.insurances.net guest:  register | login | search IP(35.172.111.215) / Processed in 0.021221 second(s), 6 queries , Gzip enabled debug code: 4 , 3312, 146,
Asset Sustainability: What It Means to Your Business