Global Asset Management Transformation
- Industry: Base Metals Resources Industry
- Business Configuration: Globally dispersed and culturally diverse sites
Executive Summary
AM Network undertook a multi-year transformation to standardise asset management practices across a diverse, global mining company. Despite robust systems, inconsistent application of asset management led to unstable safety, production, and financial performance. A structured Asset Management Framework (AMF) was developed—centrally designed, globally endorsed, and locally deployed—to drive consistency, ownership, and relevance at every site.
The Challenge
The business faced a declining asset base, fragmented governance, and varied practices across sites. This resulted in unpredictable performance and increased costs. The need was clear: optimise asset performance, cost, and risk through a unified approach to asset management.
The Solution
A phased, collaborative approach was adopted:
- Develop: Created a comprehensive suite of asset management documentation, including policies, frameworks, diagnostic tools, and standards in the local language. Each site completed self-assessments, validated by central and regional teams.
- Implement: Prioritised and rolled out AMF elements based on diagnostic findings. Site teams owned the deployment, supported by central program management and governance.
- Embed: Integrated asset management into business-as-usual processes—annual planning, leadership routines, and ongoing self-assessment.
Key Outcomes
- Improved asset performance and work management discipline.
- Asset management embedded in strategic planning and governance.
- Enhanced collaboration across Maintenance, Operations, Supply Chain, and Reliability.
- Site Strategic Asset Management Plans (SAMPs) became prerequisites for business planning.
- Shift from reactive to planned maintenance, delivering up to 12% annual OPEX savings.
- Institutionalised asset management maturity, with measurable improvements in performance and risk reduction.
Conclusion
This transformation demonstrates that asset management is not just a maintenance function, but a business system aligning people, process, and technology to optimise lifecycle performance and enable sustainable value creation. AM Network’s approach is now a benchmark for operational excellence and long-term business success.