your guide to real estate outsourcing: seven things you need to know
TRANSCRIPT
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[Seven Things You Need to Know ]
[CORPORATE REAL ESTATE OUTSOURCING]
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One of the largest expense items
Impacts productivity and the supply chain efficiency
Real estate is a strategic corporate function.1
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Risk management Health, safety and environment
Finance HRIT
“Facility services? They work in the basement right?” Actually, they impact:
…..everyday
$
Real estate and facilities affect performance across your business.2
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Yes, outsourcing creates quick-hit savings.
But when done right, it can minimize costs in the long run and more importantly, it boosts productivity.
Cost reduction: only the tip of the outsourcing iceberg.3
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You wouldn’t go to a hair stylist for surgery would you?
The best results in real estate come from proven providers with deep expertise.
Experience matters. A lot, actually.4
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It’s not wise to build a relationship where the only way for the client to increase savings is to cut into the vendor’s profit.
Fact: Win-win arrangements yield better results in the long term.
“Alignment of interest” is not a mythical creature in the real estate realm.5
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Clear KPIs are critical. That means financial and non-financial.
A great sourcing relationship involves clear, measurable goals that motivate everyone to work together. 6
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Transition does not equal ≠ layoffs.
The people on the job have valuable knowledge and the best service providers tap into that.
A smooth employee transition is the most critical part of the outsourcing process to get right.7
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