Managing a commercial property goes way beyond taking care of the physical structure. Daily, several services have to be managed for things to run smoothly at any commercial property. These include housekeeping, electrical services, HVAC systems, security, plumbing, landscaping, waste management, and compliance, among others.
Most firms outsource these different services from several service providers. While it seems like a flexible arrangement, it actually results in poor communication, duplication of effort, inefficiency, and ultimately higher costs of operation.
This is where single-source IFM comes in handy. Single-source IFM is an approach that brings all the necessary services under one management partner for the sake of efficiency and cost savings that can amount to up to 20% per year.
Innovel can help you in managing your business properties in an efficient way for business sustainability.
Why Multiple Vendors Increase Operating Costs
Having different vendors involves having different contract details, scheduling, invoices, reporting systems, and service standards, which is taxing.
Whenever there is an issue, the responsibility moves from one vendor to another. Instead of solving the problem immediately, an equipment malfunction could turn into an extensive process of coordination.
The above affects efficiency, increases maintenance cost, and puts more pressure on the facility teams internally.
In our experience at Innovel, businesses lose a lot of time coordinating their vendors rather than concentrating on their core business.
A Single Partner Brings Better Coordination
Centralised management is the key strength in single-source IFM.
The companies do not have to worry about different service providers; they get integrated facility management solutions to manage the entire facility.
The electrical maintenance, housekeeping, security, HVAC maintenance, plumbing, and many other important services are managed through the single coordinated system.
This results in better communication and faster decision-making.
Innovel, also recognized as Bhaskar Solar ensures all services coordinate with each other instead of working in isolation.
Preventive Maintenance Reduces Unplanned Expenses
Equipment breakdowns that are unforeseen tend to cost much more money than preventative maintenance.
Where individual maintenance groups operate, prevention services could easily go unattended.
Integrated facility management systems ensure that all maintenance tasks are carried out according to schedules. Inspections and servicing of equipment take place before small problems turn into major ones.
Preventative maintenance is key for us at Innovel in our facility management because less downtime means lower operating costs.
Better Resource Planning Improves Efficiency
There is no one way in which manpower, machinery, and maintenance are used in every commercial facility.
Businesses fail to plan ahead effectively, due to which they end up paying for redundant services or underused resources.
The commercial facility management system ensures that the schedule for staffing, maintenance, and services is planned together.
It maximises the effectiveness of the staff while ensuring the availability of resources when required.
At Innovel, we keep analysing the performance of operations to enable our customers to work efficiently.
Compliance Becomes Easier to Manage
There are many codes and regulations that commercial buildings need to adhere to.
There will always be the likelihood of missing some inspections, certifications, and documentation when you are dealing with more than one contractor.
Single-source IFM ensures that the processes are well coordinated through one management structure.
At Innovel, we provide our clients with proper documentation and scheduling of inspections, among other services.
Why Annual Savings Become Significant
Organisations tend to consider only vendor prices when assessing the efficiency of facility management.
However, the actual savings may be much higher due to the efficiency gains.
Lower downtime, quick turnaround, less paperwork, effective maintenance, better allocation of resources, etc.
According to the industry practice, companies using an integrated approach to facility management can decrease their annual operating costs by up to 20% through proper planning and coordination of services.
Innovel does all of this in one operational model that combines different services.
Why Businesses Are Choosing Integrated Facility Management
Modern facilities need more than just reactive maintenance services.
There must be predictability when it comes to cost, effective delivery of service, compliance, and operational continuity.
One such aspect that explains why there is the need for facility management services in Kolkata and throughout India is this very factor.
We at Innovel work with various types of buildings such as commercial, industrial, health care, education, and corporate.
Looking Ahead
Facility management is not just about building maintenance anymore; it is also a key player when it comes to operational excellence, employee satisfaction, and efficiency.
Innovation will come through a single-source approach for all facility services, with a common partner. The future of business depends on single-source IFM. This will simplify the entire process and reduce costs annually.
FAQs
- What is Single-Source IFM?
Single-Source IFM refers to a model of facility management whereby different facility management services are managed under one contract by a service provider.
- Why does integrated facility management lower costs?
Integrated facility management increases coordination, cuts down on administrative tasks, provides preventive maintenance, and stops duplication of services.
- What services are part of commercial facility management?
They normally consist of services such as cleaning, security, HVAC maintenance, electrical installations, plumbing, landscaping, waste disposal, and compliance support.
