In an ever-evolving landscape, businesses face significant challenges to meeting rising costs with efficiency, technology with adaptability, and productivity with a dynamic workplace environment. Additionally, limitations of recession, disruptions of technology, and rising wages layer more to consider to remaining competitive and agile. The Facilities Management (FM) sector can represent 10-25% of a company's indirect spending. With a forecasted growth of $114.36 billion in 2027, businesses should consider their options when considering an in-house or outsourced approach.
IST specializes in outsourcing services, from mail/copy/print services to hospitality and asset management, litigation support, and the comprehensive Integrated Facilities Management (IFM) solution. The shift to an outsourcing vendor is a proven solution for reducing overhead costs and increasing core competencies for any infrastructure. Here are our top considerations for outsourcing.
Technology integration is among the leading factors for companies looking to improve productivity and security, and to adopt data-driven workflows. Many obstacles inhibit adoption, namely, having an in-house administrator and IT support that can compete with a third party's offerings. Paired with advanced technology, outsourcing services can place a specialist for any task, eliminating wasted time in learning other functions that don't focus on profit.
A nationally-powered outsourcing provider can supply specialists to any location with technological solutions to prioritize efficiency within your business.
Managing facilities involves inherent risks, including maintenance, security, and regulatory compliance. Outsourcing facilities management transfers these risks to specialized providers responsible for mitigating them. These providers have robust risk management systems, ensuring your facilities are safe, compliant, and well-maintained. They stay abreast of evolving regulations, reducing the burden on your business to keep up with complex compliance requirements. This risk mitigation and compliance assurance boosts your reputation, instilling confidence in your customers and stakeholders.
Through outsourcing, businesses can also enhance their governance practices and bolster their ESG (Environmental, Social Responsibility, and Governance) reporting. ESG reporting informs consumers of value alignment within their investments, so reporting data in a real-time cloud-based ecosystem will demonstrate a commitment to integrity, build trust with stakeholders, and set your businesses apart from competitors.
Whether implementing a hybrid and remote workforce or transitioning the office into a more modern workspace, facilities management is essential in how efficiently your business will run. It could be adopting more sustainable infrastructure, using space planning applications to create a more functional space for your office, or leveraging data solutions to monitor productivity.
In an IFM partnership with IST Management, an international organization with multiple offices in the United States, was able to achieve continuity and cohesion throughout all its locations by creating a technology-focused action plan. Using reporting and tracking metrics, IST was able to unify all operations to increase accountability and service levels across the board. In a true IFM partnership, all contracts and services are managed through a single contact, simplifying the paperwork while saving costs.
Finally, outsourcing with a national provider creates a scalable solution that can adapt to any need. With 24/7 assistance and technology-supported processes, no element can interrupt production. In Outside-IN, IST's podcast focusing on industry leaders, Senior Vice President & Partner Kim Oleniacz discussed pivoting copy/print jobs to an alternate location during a snowstorm. Our outsourcing services allowed the client to overcome what could have delayed a day's production and continue their workload.
Outsourcing facilities management offers businesses a strategic solution to overcoming the challenges of today's market. By partnering with a reputable outsourcing provider like IST Management, organizations gain access to specialized expertise, ensuring optimal technology integration, increased productivity, and reduced overhead costs. Moreover, outsourcing FM enables businesses to navigate complex compliance requirements, mitigate risks, and adapt swiftly to changing demands.
By embracing outsourcing, companies can work smarter, not harder, and unlock the full potential of their facilities management, driving efficiency, profitability, and growth in today's competitive landscape.
IST Management Services, Inc.
1341 Moreland Ave SE, Atlanta, GA 30316