HOW DOES FACILITY MANAGEMENT LEAD TO COST REDUCTION? DMM EXPLAINS
May 27, 2022
Facility management services and facility management, in general, is all about cost reduction. Facility management is unlike any other service and is quite dynamic. The main role of a facility management company is to manage facilities efficiently and effectively and that also includes economics. There are various implementations of cost reduction strategies by facility management that help make facility management cost reduction possible. Let us take a look at how this is done.
Preventive maintenance is by far the most important area in which a facility management strategy can save you a lot of money. Preventive maintenance is the scheduled maintenance of company equipment, machinery and assets from time to time. Facility management professionals and teams make sure that every piece of equipment is maintained at a regular time period so that the device or equipment does not break down completely. They use different facility management software and alert systems so that technicians and engineers are always there for timely preventive maintenance because preventive maintenance can cost the companies a lot less than if the machines break down permanently. There is also this issue of employee safety and maintaining the safety of employees can cost a lot for the company but having planned preventive maintenance in place can make the workplace and the working environment a lot safer ensuring employee safety and preventing unnecessary costs on the company.
Automation is another area where facility management companies shine. From taking inventory of various sales invoices to sending out payments to different parties, and timely automated payroll deployment to employees, facility management companies take the extra effort to keep the organizations organised so that no task gets missed out. This philosophy of automation is applied to every aspect of the facility management company from filing taxes to stock management as well as sending out purchase orders. This level of automation can cost any company pennies compared to the huge amount of money that they will be saving with this level of organization and orderly operations. A company works on order and if the timely operations of a company can run properly then there is no loss and that can be an additional saving due to the automation brought by facility management companies.
One of the things that get missed out on is employee morale. Employee morale is everything that makes a company profitable and if the employees are energetic and passionate about their job then no company can fail. A facility management company ensures just that by making the workplace more hospitable for the employee. The various services provided by a facility management company like housekeeping services plumbing cleaning electrical services and other services ensure that the workplace is a lot more comfortable and hospitable for the employees ensuring employee satisfaction. It is in the project management module of every company to have efficient employees and the only way that employees can be efficient is if they remain loyal and satisfied with the company. The best way to show employees that the company takes care of them is to have a good working environment for them.
One of the key roles of a facility management company is to make sure that they are energy efficient. One of the ways that this efficiency can be achieved is by cutting energy costs. To do this facility management companies can bring a lot to the table from recommending light fixtures with the lowest wattage to the installation of various devices and their maintenance so that energy efficiency can be achieved. The maintenance done by the facility management company on various machines also saves fuel and electricity and that can also be a great way of energy saving. Simply put, saving energy is the most direct form of saving money for a company and facility management companies are experts at that.
This was a blog on how facility management companies can facilitate huge cost reductions for the companies. If you too want to save important capital and money in your company then you can hire a facility management company like ours at DMM Facility Management Pvt Ltd. We will ensure that your company sees cost reductions in nearly every sector of operations and we will do this through our efficient and state of the art services ranging from façade cleaning, plumbing, electrical, helpdesk management, manpower and HR, security, gardening, housekeeping and a whole host of other services. With our service experience ranging several decades and with having worked in nearly every sector of every industry, we can safely say that we are the fastest growing facility management company in India.