Physical Asset Management for the Executive
Penrose, Howard W.
Proper management of physical assets remains as the single largest business improvement opportunity in the 21st Century. Based upon the U.S. Census Bureau, an 1979 maintenance study performed by MIT and recent reliability and maintenance studies, the size of the asset maintenance industry in the USA was $1.2 trillion in 2005, in which $750 billion was the direct cost of poor physical asset maintenance and management. Of the $12.5 trillion GDP ...