Having an asset management strategy is an essential part of being able to inform and support the delivery of your wider business objectives. It is also a critical component of demonstrating your compliance with the safety and quality consumer standard. You cannot claim to be compliant without having an up-to-date, comprehensive strategy, which is informed by an up-to-date, validated stock condition survey. It should be used to strengthen your business plan, vision, purpose and priorities. Your approach to asset management (and its delivery) will inevitably have a major impact on customer satisfaction, financial planning, social and community objectives, as well as on your relationship with key stakeholders.