The report highlights the growing role of asset management in delivering cost savings and revenue growth for companies in India. Asset management is a process that efficiently utilizes and maintains various asset classes, such as material assets, utility assets, and equipment storage. The methodology used to implement asset management includes creating asset plans and measuring progress, as well as conducting functional tests and audits. The broad methodology includes logistics assets, transportation costs, and data analysis to identify areas of weakness and the necessary steps to improve. The report concludes that successful implementation of asset management requires a strategic approach and ongoing actions to address weaknesses and improve performance.
