This document discusses asset management in retail store networks. It begins with an introduction to asset management and then discusses how proper asset management provides significant financial benefits such as knowing asset costs and locations. It notes that failing to manage assets can lead to overspending on maintenance and non-compliance. Effective asset management involves tracking assets, scheduling preventative maintenance, and monitoring asset performance and costs over the lifecycle. Overall, the presentation emphasizes that asset management is important for optimizing asset utilization and performance while avoiding unnecessary costs.
3. Alan Singer – Hardcat
Australian company
25 years in business
Asset management Solutions
Software sold in 120 countries
1000’s of customer - systems
Hardcat software & services
Core, Barcoding, Maintenance, Web
Asset “Start up” take-on, data capture, audit
4. Store Network –Retail Facilities
Fixtures and Fittings
Furniture
Store Equipment – POS, Computer
Keys, Phones, Pagers, Security Codes, Swipes
Security and Alarms
HVAC
7. “Systematic and coordinated activities and
practices through which an organization
optimally and sustainably manages its
assets and asset systems, their associated
performance, risks and expenditures over
their life cycles for the purpose of achieving
its organizational strategic plan”
8. Manage the life cycle of
your assets, improve asset
utilization, increase asset
reliability, useful life,
maximise tax deductions
and maximise asset
performance.
9. HOW TO TAKE THE PAIN OUT
OF ASSET MANAGEMENT.
• Asset Tracking
• Warranty Tracking
• Preventative Maintenance
• Cost of Ownership
• Life Cycle Management
• Integrated System
• No more spreadsheets!
11. RETAIN A BIGGER SLICE
OF THE PIE.
SIGNIFICANT FINANCIAL BENEFITS
Knowing what assets you have
Knowing how much they cost
Knowing where they are located
Knowing who is accountable
Depreciation, Condition, Risk Mgt
Warranty, Insurance, Compliance
Profit and Loss on Disposal
13. BEWARE THE PITFALLS OF
NOT MANAGING ASSETS.
End of Lease Condition - Payments
Ensure Warranty is used
Pre-expiry warranty inspection
Maintenance Overspend
Condition Reporting – Risk Management
Maintenance Records – OH&S Compliance
15. CLEAN UP YOUR HOUSE,
FIND MISSING ASSETS.
Structured Integrated system – single truth
Asset Management – verify existence
Identify “Shrinkage” – Insurance, Security
Financial records verification
Asset status – insurance, warranty, condition,
replacement date
Preventative Maintenance – work-orders
Maintain manuals, instructions, checklists
17. USE & EFFECTIVENESS,
BASED ON ASSETS PERFORMANCE.
Enables comparative “cost of Ownership”
Comparative Performance of Equip Brands
Monitor maintenance levels
Rotation of high use equipment across sites
Asset Replacement – Strategic Procurement
19. CLEAR INFORMATION FOR
FUTURE GROUP PURCHASING.
Decide on future asset purchases
Cost of ownership
Maintenance costs, down-time
Asset Performance
Regional variances
Easily accessible, valuable information
20. Organisational Culture
A pattern of shared basic assumptions …
group learned as it solved its problems of
external adaptation and internal integration
worked well enough to be considered valid
and, therefore, to be taught to new members
as the correct way you perceive, think, and
feel in relation to those problems.
21. A Slight Detour…
Organisational Culture
norms, values, behavior patterns, rituals, traditions .
Culture-Embedding Mechanisms
Primary Embedding Mechanisms
Primary Embedding Mechanisms (Edgar Schein)
What leaders pay attention to, measure, and control on a
regular basis.
How leaders react to critical incidents and organizational crises.
Observed criteria by which leaders allocate scarce resources.
Deliberate role modeling, teaching, and coaching
Observed criteria by which leaders allocate rewards and status.
Observed criteria by which leaders recruit, select, promote, retire, and
excommunicate organizational members.
22. A Slight Detour…
Organisational Culture
norms, values, behavior patterns, rituals, traditions .
Culture-Embedding Mechanisms
Primary Embedding Mechanisms – Secondary Mechanisms
Secondary Articulation and Reinforcement Mechanisms
Organization design and structure
Organizational systems and procedures
Organizational rites and rituals
Design of physical space, facades, and buildings
Stories, legends, and myths about people and events.
Formal statements of organizational philosophy, values, and creed.
24. BUILT IN DETERRENT,
EARLY DETECTION OF LOSS.
Organisational Culture
Retail know all about shrinkage and deterrent
Awareness of management – loss deterrent
Use of bar-codes – signal likley detection
Asset shrinkage costs operational losses
