ISO 55001 is the international standard for asset management, providing a comprehensive framework for managing the lifecycle of physical assets in a structured, strategic, and cost-effective way. Its purpose is to help organisations establish systems that align asset performance with business objectives — a principle that directly supports lubrication reliability.
Within the context of lubrication, ISO 55001 promotes a shift from reactive maintenance to a proactive, risk-based approach. It encourages the integration of lubrication management into broader asset strategies, ensuring that each asset delivers optimal performance with minimal downtime, waste, or environmental impact.
The standard covers critical areas such as governance, risk management, lifecycle planning, leadership, and continual improvement. For lubrication reliability, this translates to improved consistency, traceability, and control over processes like lubricant selection, storage, application, and condition monitoring.
By aligning lubrication practices with ISO 55001, organisations can reduce total cost of ownership, extend asset life, and enhance operational efficiency — all while meeting compliance and sustainability goals. It sets the foundation for long-term value creation from both individual assets and the lubrication programmes that support them.