The article discusses how local asset management practitioners focus on the importance of service providers. It emphasizes the need for practical implementation of asset management practices, supported by a solid business framework. The value of data and the conflicting priorities of various stakeholders are also highlighted. A systems approach to asset management is crucial for optimal outcomes. Organizations must clearly define objectives and understand the performance of their assets. Recognizing these pressures allows for a holistic approach to asset management. Many organizations recognize the strategic importance of service provider knowledge in modern asset management. Implementing new technologies and mobile devices can help progress this objective. Understanding current problems and reaching consensus among stakeholders is essential for successful outcomes.