Every business needs a thoughtful and tailored facilities management solution. Whether handling logistics for new equipment installations or repairs or maintaining signage and lighting, operating your locations is a full-time job with additional costs. For convenience or grocery stores, maximizing budget efficiency is a top priority, and for this reason, proper facilities management is a necessity. Facilities management can help reduce costs by an average of 5-15% while improving your customer and employee experience.
Facilities Management News
Operating multiple retail, convenience store, and food service business locations comes with various challenges in reducing downtime and minimizing disruptions. Equipment breakdowns, maintenance and repair issues, and lack of access to skilled trade labor can put a dent in your bottom line when you consider these disruptions mean lost sales and costly expenses.
Topics: Cost Efficiencies Equipment
Companies outsourcing their facilities management typically save between 10 and 15% annually. For c-store, grocery, and retail, this accounts for a sizable chunk of the operating budget. Finding the right facilities management partner can be a game-changer, providing access to skilled labor, consistent maintenance, project management, tailored services, and even help with scalability and expansion, all with transparent costs and an overall reduction in expenses.
Topics: Facility Management Cost Efficiencies
Every business wants to adopt and sustain a proactive maintenance agenda. Getting ahead of potential problems typically translates to a longer life for equipment, decreased maintenance costs and a lower risk of downtime. Those are all worthy objectives for any facility. Making the shift from reactive to proactive maintenance involves a complete transformation.
How to Save Money & Come in on Time: Leverage an FM Partner To Better Manage Capital Projects & Spend
No matter the size of your business, the industry you’re in or the number of locations you have, it’s almost certain that you’ll have to plan capital projects.
Keeping facilities up and running is a critical concern for everyone from the C-suite to facilities managers and front line workers. With less downtime, there are fewer disruptions, more productivity and an enhanced customer experience.
In theory, utilizing service providers with lower rates would reduce the overall cost of facility maintenance. However, the hourly rate charged by technicians is only one factor that should be considered.
According to Reliability Web, maintenance management typically makes up 40% to 50% of operational budgets. Therefore, the possible savings from increased efficiency, such as the ability to spend money where it will create the most value and reducing the number of unnecessary maintenance orders, is significant. Supporting this, Transcendent reported that the average company can save between 12% and 18% of their maintenance budgets by prioritizing preventative maintenance over reactive maintenance.