Minor changes to facility assets can lead to substantial savings across your portfolio, increasing competitive advantage.
Competitive advantage is everything in business, and delays today could result in financial loss and perhaps more importantly your brand image. However, you can stay ahead of your competitors by implementing these facilities management practices.
1. Connecting Legacy and New Systems Outweighs All Facilities Management Practices
According to Vincenzo Palmigiano via LinkedIn, successful implementation of an effective facilities and energy management system relies on systems integration. Additionally, any retrofit or benchmarking of existing facilities asset systems should be conducted throughout the facility at the same time. In other words, avoid retrofitting and integrating systems peacemeal. This will ensure the system functions as expected and helps to prevent mistakes. Of course, selecting scalable smart building solutions is critical to retaining your competitive advantage when implementing or upgrading your legacy system.
2. Track Data to the Smallest Unit Possible
All data is significant in facilities management. But, this does not mean you need to manually review every data point. To do so would be inefficient and impossible. Use technology to track data to the smallest unit possible. For example, use sub-load and per-unit sensors to track usage patterns and gain insights.
3. Make It Wireless and Easy-to-Use With a Single Pane of Glass
Another way to get a leg up in the competition is through the implementation of wireless sensors and technology. For example, a single pane of glass in facilities management is inherently easy-to-use and navigate. Therefore, facilities managers can oversee distributed facilities from any location.
4. Fix Things Before They Break With Preventative Maintenance
Preventative analytics and approaches to facilities management extend the useful life expectancy of your critical assets. This approach will help build competitive advantage, explains Sharon Prezzy via Facility Executive.
5. Train Your Team on How to Use New Systems, and Limit System Access
Implementing a new system is only half of the battle. Train your team members on how to use new systems thoroughly, and limit system access to authorized personnel.
6. Consider Future Integration and Upgrading Needs
It is also important to consider the needs of your system for future integration and upgrades. By selecting systems that are easy-to-integrate, future integration, maintenance and upgrade costs can be minimized – if not eliminated.
7. Work With Partners to Push the Boundaries of Cost Savings
Utility providers and facilities management vendors have a vested interest in ensuring the effective, efficient use of your resources. As a result, outside companies often have partner programs in place to support cost-saving measures.
For example, the utility company may offer a discounted rate program to companies utilizing smart building solutions.
Use These Best Practices to Build Competitive Advantage in Facilities Management
While these best practices can help your organization build a competitive advantage, there is no limit to what your organization can do to push savings further and improve efficiences. Rather than trying to control costs manually, your organization can increase profitability and see a realistic return on investment using effective facilities management practices. Implement these practices today, and leverage the power of state-of-the-art facilities management technology by contacting ENTOUCH online.