Asset Management Techniques Report 2022

Running Head: ASSET MANAGEMENT TECHNIQUES 0
ASSET
MANAGEMENT
TECHNIQUES

ASSET MANAGEMENT TECHNIQUES 1
Executive Summary
Assets are the nervous system of the company without which production process is
incomplete. For the efficient utilization, the accuracy of asset is important. Asset management is
a core element of an organization which directs the company in. This report includes the detail
study and analysis of the Australian based, “Woolworths group”. After reading, conclusions can
be drawn on the basis of asset management in the company, the importance of human as a
resource to the company. The essentials comment related to the planning, leadership, operations,
performance evaluation and improvement in context of the organization. Brief introduction of
ISO are also being included in the report. Focus on the relatable issue is spotted and
recommendation to the specifics is also suggested.

ASSET MANAGEMENT TECHNIQUES 2
Contents
Introduction-Woolworths Group.....................................................................................................2
Asset Management...........................................................................................................................3
Operation and Performance Requirements......................................................................................4
Key Physical Assets.........................................................................................................................5
Review of ISO.................................................................................................................................6
ISO 55000....................................................................................................................................6
1. Overview of Organisation.....................................................................................................7
2. Leadership.............................................................................................................................7
3. Planning................................................................................................................................7
4. Support..................................................................................................................................8
5. Operations.............................................................................................................................8
6. Performance Evaluation........................................................................................................9
7. Improvement.........................................................................................................................9
Considerable Spots........................................................................................................................10
Fixing the concerned Spots............................................................................................................10
Conclusion.....................................................................................................................................12
Bibliography..................................................................................................................................13

ASSET MANAGEMENT TECHNIQUES 3
Introduction-Woolworths Group
Woolworths Limited is a company rooted from Australia, which is engaged in the retail
operations. The company deals with the Australian Food & Petrol, NZ (New Zealand) Super
marts, BIGW and Hotels, Endeavor Drinks Group. The AFP (Australian Food and Petroleum)
segment is all associated with the fetching of food and petroleum related goods for the resale in
the domestic market of Australia. The segment of NZS (New Zealand Supermarket) is all
engaged with the procurement of liquor and food products for resale to native customers in New
Zealand. The Endeavor Drinks provides the supply of the liquor to the Australian Customers.
BIGW division of the Woolworths Group is all involved with the general merchandise products
for the resale to the Australian customers. Hotel segment of the group is all occupied with the
range of hospitality and leisure services, adding the food and alcohol, accommodation facility,
entertainment and zone of gaming in Australia. Brands like Woolworths, BWS and Dan
Murphy’s are all under this group (Reuters, 2019). Woolworths Group falls in the retailing
industry. Bradford Banducci is the employer or say, the CEO of the Woolworths Group,
Australia.
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Asset Management
The assets of the company are engaged in a manner such that it makes out the best use of
the company’s assets results in maximizing the shareholders’ value. It also aids to contribute the