Do you currently manage your facility data on spreadsheets?
To effectively manage a large real estate portfolio, facility managers depend on enormous amounts of information, which is typically contained in various repositories.
To effectively manage a large real estate portfolio, facility managers depend on enormous amounts of information, which is typically contained in various repositories.
Inspections that validate service delivery and other related processes create
millions of discrete data elements (e.g., vendor costs, speed, quality, and
overall performance) that pertain to a broad range of service. This data
is critical to accurately scrutinize vendor costs and performance, and to
objectively compare and optimize the myriad of service provider offerings.
To capture and utilize this data, many facility managers still rely on large numbers of spreadsheets that are inherently inefficient, cumbersome, and often conflict with one another. Data duplication and impaired data integrity are common problems. Legacy solutions are complex, inflexible, and costly. In addition, because these data repositories rarely have uniform structure and standards, facility managers are unable to leverage the power of analytics. These challenges lead to inaccurate or incomplete analyses, suboptimal decision making regarding service providers, as well as increased risks of business disruption, health and safety incidents, and regulatory violations. This can cost an organization considerable time and money, as well as increase its risk.
Facility managers need a more efficient and effective way to manage their
service provider information.
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