1. Data analysis
Robust, customizable reporting empowers you to make more educated business decisions. Viewing your spend data by such variables as equipment type, location and manufacturer affords greater insight into what’s costing you money and why.
Years ago, such data was mostly anecdotal, and most analysis had to be based on gut feelings. The more locations your restaurant opened, the more difficult it became to spot trends, know which equipment was giving you the best bang for your buck, and adjust plans accordingly. Today, if you properly track your facility management issues, it’s so much more than simply getting a grill fixed.
Every time a new piece of equipment enters one of your locations, you take a few moments to share information about its make, model, purchase date, warranty and other such details. A good facility management system will take it from there — no matter how big you get, no matter how much equipment you need to track.
When equipment breaks, rather than picking up the phone, texting, emailing or searching online for who to call, you simply place your request through a solution like Ecotrak; information is extrapolated from your original registration, a work order is created, and you get updated every step of the way as the equipment is repaired — even allowing the service provider to invoice you, and integrating with your own accounting software if you so choose.
When you have your spending monitored and your profit & loss performance maximized, that eliminates guess work and allows you to manage your operations much more effectively. It also empowers you on the fly to ask and answer questions like:
“What’s my most expensive problem?”
“Is one manufacturer brand doing better than another?”
“Is there a model within that brand that might be outperforming another model?”
A good facility management solution will provide immediate answers to these and other questions in easy-to-understand, highly-interactive graphs and models that bring you the next-level facility management data and analytics a growing business requires. By staying ahead of your asset’s needs, you can maximize its lifespan and minimize energy consumption — both important factors in sustainability. A good facility management solution also automates industry, state and federal regulations that require documentation of work and compliance.
Imagine having such information at your fingertips, and how it could assist you in making educated, data-driven decisions for your business.