How technology can enhance asset management processes to deliver significant cost savings
For any well-run business, minimising unnecessary expenditure is a priority. It’s commonplace for management at all levels to scrutinise cost – a totally reasonable stance to take: why would any company want to spend money they couldn’t afford?
But what does this mean for facilities managers? Most FMs will have to produce detailed financial and business justification for purchases they wish to make and be expected to reduce costs. In this context, it makes sense that you elongate the lifespan of your assets as much as possible and ensure they are used to their full potential. To ensure you are able to do this, you need to know exactly what assets exist, where they are and how they are being used.
Effective facilities and asset management systems and procedures can add significant value and increase profitability. The cost-related benefits are quantifiable, with a three to six month return on investment by no means uncommon.
This white paper looks at three important facilities management strategies to enable you to save costs and increase profitability:
- Asset value maximisation
- Asset tracking
- Technology exploitation
Leading real estate and facilities management teams are making the most of the huge opportunities big data and digital processes offer. In this case study document, see how four leading businesses have improved the way they manage their space and physical assets: The brokerage firm that increased revenues with more intelligent space management The leading […]
The world of work is changing at a rapid pace. How can corporate real estate and facilities managers ensure they are not left behind? In this new report, we explore how the latest real estate and facilities management technology can: Add greater strategic value across the business. Deliver deeper insight into the needs and requirements […]
Our Software and Technology use in the Real Estate Sector – Occupier Challenges paper, researched in conjunction with industry-leading magazine Property Week, highlights the importance of effective software solutions to property occupiers.