Abstract
There is a thin line separating the functions of Physical Asset Management (PAM) from Facilities Management (FM). However, if these two functions are integrated at the strategic, tactical and operational levels, the critical assets and facilities necessary for effective business operations will be adequately looked after in a systematic approach. This will facilitate the efficient operation of production processes, improved product, which translate into achieving competitive advantages in the respective industry. The focus of this research is to explore the added value, to the manufacturing industry, if the functions of PAM and FM are integrated and the effects in achieving the strategic objectives of the industry. The research methodology adapted is the multiple sites case study of manufacturing industries, using the instruments of survey, interview and focus group sessions as tools for data collection. The sample encompasses the manufacturing industries, professional bodies and experts from academia. The findings revealed that the majority of the manufacturing industries operate parallel structures for PAM and FM resulting in duplication of functions and resources. These ultimately are negatively affecting the strategic objectives of the industries and the efficiency in the production system and product. Therefore, the progressive integration of both functions was observed as the panacea to achieving the strategic objectives of the industry, in the most cost-effective manner.
M.Phil. (Engineering Management)