Asset Management Strategies for Under-Utilised Assets

This document is a guide focused on asset management, particularly addressing the challenges and strategies for managing under-utilised assets within companies, especially in the pharmaceutical and biotechnology sectors. It outlines the significance of a whole-business approach to optimize asset management processes. The text explains that a considerable portion of capital is often tied up in idle assets, with many managers lacking visibility of this potential. It discusses the evolution of best practices in asset management, highlighting the emergence of specialist service companies that provide tailored solutions. The document details the complexities introduced by industry-specific challenges such as mergers and acquisitions, which lead to duplicate facilities, and the scrutiny of manufacturing costs. It also emphasizes the importance of expert support in non-core areas and the trend towards outsourcing asset management. Additionally, it presents the value control model as a method for managing surplus assets effectively, illustrating various disposition channels and the need for a centralized tracking platform.