ISO 55001
International standard for asset management systems
AS9120B
Aerospace QMS standard for parts distributors.
Quick Verdict
ISO 55001 establishes asset management systems for lifecycle value in infrastructure sectors, while AS9120B enforces quality controls for aerospace distributors ensuring traceability and counterfeit prevention. Organizations adopt them for governance, compliance, and market access.
ISO 55001
ISO 55001:2024 Asset management — Management systems — Requirements
Key Features
- Requires Strategic Asset Management Plan (SAMP)
- Annex SL structure integrates management systems
- Formal decision-making framework defines asset value
- Explicit PDCA cycle for continual improvement
- Balances asset lifecycle risks, costs, performance
AS9120B
AS9120B Quality Management Systems for Distributors
Key Features
- Counterfeit and suspected unapproved parts prevention
- Traceability controls for split lots and chain-of-custody
- Risk-based external provider evaluation and flowdown
- Configuration management for product identification
- Product safety and ethical behavior awareness requirements
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 55001 Details
What It Is
ISO 55001:2024 is the international certification standard specifying requirements for an Asset Management System (AMS). It enables organizations to realize value from assets across lifecycles by aligning decisions with objectives, using a risk-based, PDCA-driven approach structured per Annex SL.
Key Components
- Clauses 4-10: Context, Leadership, Planning, Support, Operation, Performance Evaluation, Improvement.
- 72 'shall' requirements focused on SAMP, decision framework, risks/opportunities.
- Built on ISO 55000 terminology; integrates with ISO 9001/14001.
- Certification via accredited audits.
Why Organizations Use It
- Optimizes costs, risks, performance in asset-heavy sectors.
- Meets regulatory/contractual needs; builds stakeholder trust.
- Drives resilience, continual improvement, competitive edge.
Implementation Overview
- Phased: gap analysis, SAMP development, competence building, KPI monitoring.
- Applies to all sizes/industries (utilities, infrastructure); 12-24 months typical.
- Optional third-party certification with surveillance audits.
AS9120B Details
What It Is
AS9120B is the IAQG quality management system standard for aviation, space, and defense distributors. Built on ISO 9001:2015's high-level structure, it adds over 100 aerospace-specific requirements. Its primary purpose is ensuring product conformity, traceability, and safety in procurement, storage, splitting, and resale without altering parts. It employs a risk-based, process-oriented approach.
Key Components
- Core clauses: Context, leadership, planning, support, operation, evaluation, improvement.
- Distributor emphases: counterfeit prevention, traceability, external provider controls, configuration management.
- Over 100 IAQG additions beyond ISO 9001.
- Certification via accredited bodies, OASIS listing.
Why Organizations Use It
- Commercial necessity for OEM/Tier-1 supply chains.
- Mitigates risks like traceability loss, counterfeits.
- Builds customer trust, enables market access (2,442 global certifications).
- Drives efficiency, reduces nonconformities.
Implementation Overview
- Phased: gap analysis, process design, training, audits (6-12 months).
- Applies to distributors globally; scales by size.
- Requires internal audits, management review, Stage 1/2 certification.
Key Differences
| Aspect | ISO 55001 | AS9120B |
|---|---|---|
| Scope | Asset Management System for lifecycle value optimization | Quality Management for aerospace parts distribution |
| Industry | Asset-intensive sectors like utilities, infrastructure globally | Aerospace distribution, aviation/space/defense supply chains |
| Nature | Voluntary management system certification standard | Voluntary QMS certification with aerospace additions |
| Testing | Internal audits, management reviews, third-party certification | Process audits, traceability checks, IAQG certification audits |
| Penalties | Loss of certification, no legal penalties | Loss of certification, market exclusion from OEMs |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 55001 and AS9120B
ISO 55001 FAQ
AS9120B FAQ
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