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An Analysis of Physical Asset Management Core Practices and Their Influence on Operational Performance
Univ Maribor, Slovenia.
Univ Maribor, Slovenia.
Linnaeus University, Faculty of Technology, Department of Mechanical Engineering.ORCID iD: 0000-0001-8205-8289
Univ Wollongong Dubai, United Arab Emirates.
2020 (English)In: Sustainability, E-ISSN 2071-1050, Vol. 12, no 21, p. 1-20, article id 9097Article in journal (Refereed) Published
Abstract [en]

The commitment of organisations to physical assets management (PAM) has recently received considerable attention in theory and practice. Indeed, PAM plays a key role in asset-intensive organizations and is also considered as a principal actor within Industry 4.0. Therefore, this paper aims to examine the PAM core practices and the performance implications of integrating these practices into business, in particular by assessing their impact on operational performance. Survey data were collected from managers in 138 international and local organisations. The data was analysed using Partial Least Squares Path Modeling (PLS-PM). The study validates the second-order construct consisting of PAM latent variables, namely Strategy and Planning, Risk management, Lifecycle Delivery, Asset Information, and Asset Review. The results have shown that PAM core practices directly influence operational performance. This paper is a response to recent calls for empirical studies on the organisational approaches that can increase the success of organisations.

Place, publisher, year, edition, pages
MDPI, 2020. Vol. 12, no 21, p. 1-20, article id 9097
Keywords [en]
physical asset management, operational performance, ISO 55001, PLS-PM
National Category
Mechanical Engineering
Research subject
Technology (byts ev till Engineering), Mechanical Engineering
Identifiers
URN: urn:nbn:se:lnu:diva-99910DOI: 10.3390/su12219097ISI: 000589233400001Scopus ID: 2-s2.0-85094838371OAI: oai:DiVA.org:lnu-99910DiVA, id: diva2:1517309
Available from: 2021-01-13 Created: 2021-01-13 Last updated: 2022-02-10Bibliographically approved

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Al-Najjar, Basim

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