Advantages of comprehensive facility management
In addition to the traditional challenges of today’s market, many organizations also have to address real estate and facilities management issues. These challenges include managing rising real estate costs, rising rents, new sustainability goals and underutilized hybrid work environments.
Successfully managing your facility can have a direct impact on employee productivity and customer satisfaction. Facility management affects the ongoing cost, longevity, and energy consumption of facility operations, as well as how to optimize facility use.
Too many companies look at facilities in individual silos. Operations is concerned with facility maintenance, finance evaluates buildings from a cost perspective, and business management focuses on employee productivity. But who within your organization is responsible for breaking down silos between teams and looking at your facility from a more holistic perspective?
Individual solutions have their advantages. They are smaller to implement, require no consensus, are generally lower in acquisition cost, and are easier to understand because they solve only one problem. However, point solutions do not leverage common data or connect across entire business operations or produce enterprise-wide, easily digestible reports on facility health.
Building your own integrated environment through custom connections between individual solutions presents new challenges. Developing and maintaining custom connections often comes at a high price and typically does not provide a competitive advantage. In some cases, this may limit your ability to take advantage of new capabilities that your solution provider may offer.
Successful organizations want both. That means you want an integrated solution that you can buy (not build) and implement in logical steps to solve your most pressing problems and grow over time. They want to view the facility as a strategic investment rather than just a necessary expense. Therefore, the adoption of more holistic real estate and facilities management solutions is increasing. This approach not only enables successful facilities management processes, but also establishes a single, comprehensive source of truth for your real estate and facilities portfolio. This data repository is critical for audits, acquisitions and divestitures, capital planning, lease management and valuation.
The IBM TRIRIGA Essential offering provides a best-of-breed, focused solution that is part of the TRIRIGA overall architecture. These solutions include space management and scheduling, capital planning and facility condition assessment (FCA), or service and work order management. These Essential packages provide an entry-level price for a focused solution with the ability to extend seamless management across the entire facility lifecycle.
These TRIRIGA Essential products allow companies to start with ‘similar’ solutions based on a holistic foundation. These solutions can be easily extended to other areas of facilities management while leveraging and extending shared facilities management data repositories.
Learn more about IBM TRIRIGA essential offerings
