The discipline of Facility Management is more than managing property assets; it is crucial to achieving maximum value from workplace and environmental benefits that improve productivity and protect employees and consumers.

Maximizing Value: Single Source of Truth in Physical Asset Management for Facility Managers and Building Owners

Optimizing Physical Asset Management is essential. In today's business environment, facilities managers must move beyond cost-cutting strategies and implement a holistic asset management optimization methodology to create long-term value for their organizations. First, let's define a couple of key terms:

• Asset is an item of value owned.
• Optimization is the process or methodology for making something as functional or effective as possible.

Creating value with asset management optimization must go beyond simple cost-reduction strategies to boost long-term profitability in a way that the most aggressive cost-cutting can’t match. In this blog, we examine smart ways physical asset management optimization will create long-term value for your organization.

Strategic Management

Do the right work at the right time to deliver the right level of service. Strategic management involves the process of setting goals, analyzing internal and external environments, making informed decisions, and taking action to ensure the organization is moving in the right direction.

Learn more about our leadership team.

It encompasses aligning the organization's resources with its mission and vision, as well as making strategic choices to achieve sustainable competitive advantage. Key components of strategic management include strategic planning, implementation, and evaluation to ensure that the right work is done at the right time to deliver the right level of service.

More than Maintenance

Asset management involves more than just regular maintenance; it requires strong leadership to initiate and drive change. Implementing controls through a management system that spans the entire organization is crucial for effective asset management.

Improves ROI

Asset management delivers value by contributing to the bottom line—30% efficiency savings are typical. Asset management plays a crucial role in improving return on investment by contributing to the company's profitability. Typically, businesses achieve increases in efficiency savings through effective asset management practices.

Value for Your Customers

Better-managed assets have fewer faults and failures, resulting in improved performance. When your assets are well-managed, they are less prone to faults and failures, leading to enhanced overall performance. This, in turn, provides greater value to your customers as they can rely on your products or services to consistently meet their needs.

View client success stories to see how Intellis has helped organizations like yours to succeed.

Organizational Objectives

Better-managed assets result in a safer built environment and reduced environmental impact. One key organizational objective is to ensure that assets are effectively managed to create a safer built environment and minimize environmental impact. By efficiently managing assets, we aim to contribute to the overall well-being of our surroundings and reduce our ecological footprint.

The Digital Difference

Better-managed information and data analysis can save at least 5% of an organization's total expenditures. By effectively managing information and conducting thorough data analysis, organizations can identify cost-saving opportunities, streamline operations, and make more informed decisions.

See how we're moving the built environment forward.

This digital transformation enables organizations to optimize their processes, reduce waste, and allocate resources more efficiently, ultimately leading to significant cost savings. Additionally, leveraging data analytics can uncover valuable insights that can drive strategic initiatives and improve overall performance, contributing to long-term success and sustainability.

Find Your Single Source of Truth with Intellis Solutions

When considering value in asset management, organizations must evaluate the balance between cost, risk, and performance, thereby allowing better-informed decisions. The discipline of Facility Management is about more than managing property assets, it is crucial to achieving maximum value from workplace and environmental benefits that improve productivity and protect employees and consumers. Therefore it is absolutely essential to move beyond cost-cutting strategies and to implement a holistic asset management optimization methodology in order to truly create long-term value at your organization. Interested in learning how we can help you?