Agility in asset management, or: how to be flexible with assets designed for stability

Agility is increasingly important in manufacturing. However, thus far little attention has been paid to the agility of the physical assets used in production, which are typically designed for decades of operation in a stable context. This paper investigates the topic of agile Asset Management using three case studies. We find that agility may range from asset resilience, asset adaptability and agile asset deployment, in addition to the agility of the Asset Management organization. These findings increase our understanding of agility, and assist Asset Management organizations to accommodate change in an increasingly changeable context.