Cutting Facility Costs: How Smart Workplace Management Tools Save You Money
Effective cost management is essential to an organization’s success in its pursuit of business excellence. Every dollar saved can have a big impact for leaders in commercial real estate with high overhead. Budgetary restrictions must be weighed against the expenses required to maintain a productive workplace, nevertheless. Factech provides facility management teams with the resources they need to maximize their operational efficiency and lower workplace management expenses. It offers customers data insights and remote supervision capabilities, which are essential for cost reduction as a smart workplace management solution.
The Problem with Traditional Facility Management
For a long time, facility management has mostly been done by hand and in response to problems. A facility manager might get a call about a leaky faucet, write it down on a spreadsheet, call a vendor, and then manually keep track of how the repair is going. This patchwork method is not only wasteful, but it is also very expensive. When you read your meter by hand, you get erroneous bills. When you don’t know how much energy you’re using, you waste a lot of it. And when you wait until something breaks to fix it, you have to pay for expensive, unplanned downtime and emergency repairs.
The Move to Smart Workplace Management Solution
Smart technologies, the Internet of Things (IoT), and advanced analytics have all made it possible for a new era of facilities management to begin. A smart workplace management solution (WMS) is a single platform that employs sensors, software, and automation to connect and simplify all parts of running a facility. A WMS gives you a single, unified dashboard for managing everything from work orders and asset monitoring to energy use and space use. This is better than having a bunch of different tools and manual processes.
Smart tools Save Money in a Number of Important Ways.
A smart WMS isn’t a cost center; it’s a smart investment that pays for itself by making things more efficient and getting rid of waste in many areas.
Predictive Maintenance
First, good facilities management may save a lot of money on assets across the whole organization. Teams that wait for a part to break before fixing it, also known as reactive maintenance, will usually spend more money than teams that use a preventive or predictive approach.
To get the most out of this cost-cutting measure for facilities management, you need to have a clear picture of the data about your different assets. Factech is an advanced CAFM system that can combine this information into one central database. This database may then be utilized to plan future maintenance work.
Companies also lower the chance of having to do maintenance work that isn’t necessary again by keeping this information in a central database. This is less dangerous than not doing any regular maintenance at all, but it is still an unnecessary and avoidable cost.
Using Space Wisely
In today’s mixed workplace, office space is a valuable resource that changes all the time. Keeping a big office that is only half full is quite expensive because of high costs for rent, utilities, and services. Smart WMS solutions give you extensive tools to look at how space is being used. Desk booking systems and occupancy sensors can tell you when and where people are using certain spaces. They can then use that information to make judgments about how to best arrange the workplace or even reduce the size of the building to save money on rent.
Automated and Centralized Tasks
Putting asset info into spreadsheets. Checking and refilling stock. Filling out sales invoices and other paperwork. You may save a lot of time and effort by using CAFM/IWMS software to help your FM teams get information and respond to it. This gives your staff more time to focus on tasks that need their entire attention instead of things that a well-configured system can perform for them.
Improved Energy Management
Energy use is one of the greatest and easiest to control costs for any building. IoT sensors are used by smart management solutions to keep an eye on and control energy use in real time. Occupancy sensors can switch off lights and change the HVAC systems in areas that aren’t being used. Smart thermostats learn how people use them and change the temperature to keep it comfortable with the least amount of energy use. The technology can even find an appliance or system that is using more power than normal and let managers know, which could mean that it is broken. This level of control and automated efficiency can save monthly utility bills by a lot.
Simplified Asset and Inventory Management
It is challenging to keep track of all the things a facility owns, like computers, furnishings, maintenance tools, and spare parts. A smart WMS keeps all information about assets in a digital database. This kind of transparency stops people from buying things they don’t need, helps with insurance claims, and makes sure that maintenance staff always have the correct tools and parts on hand when they need them. The system can also automatically reorder stock, which keeps you from having too much stock and running out of important items.
Also, read How AI is Powering the Next Generation of Utility Control Systems
These approaches help in reducing cost. To implement all these solutions, we need the best facility management software that combines all the tasks and makes workplace management efficient.
The Bottom Line
Factech CAFM software is the best workplace management solution. It easily integrates with AI and IoT sensors to make real-time data collection. Our ultimate solution: keep control over costs and enhance operational efficiency. You can easily track your costs related to all operations and can plan or optimize them to avoid superfluous spending.
For more information on how Factech CAFM can reduce the cost, contact us and get a free demo.
FAQs
Q:1 What is the biggest difficulty with traditional facilities management?
It takes a lot of time and effort, which leads to reactive maintenance, mistakes made by people, and expensive operating costs.
Q:2 How does predictive maintenance help you save money?
It utilizes data to guess when equipment might break down, which lets you fix things before they break down and cost you a lot of money.
Q:3 What does Factech’s CAFM software do to assist in keeping expenses down?
It puts all of the asset data in one database, which makes it easier to plan future maintenance and save money.
Q:4 How do smart management tools make it easier to control energy?
They use IoT sensors to keep an eye on and control energy use in real time, making sure that systems don’t waste energy.
