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Glossary

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  • Equipment Log

    An equipment log is a comprehensive record of maintenance activities for assets, enabling facility managers to streamline operations. By tracking and organizing these details, managers ensure efficient equipment performance and reduced downtime.

  • Vendor vs. Supplier

    Discover the key differences between vendors and suppliers, their roles in the supply chain, and how to manage these relationships effectively to improve operational efficiency.

  • Total Effective Equipment Performance (TEEP)

    Total Effective Equipment Performance (TEEP) quantifies the efficiency of manufacturing operations by considering all equipment uptime against planned schedules. Understanding TEEP enhances insight into current equipment performance and potential improvements.

  • Property Management

    Discover property management: overseeing real estate operations, maintaining assets, meeting tenant needs, and ensuring investment value.

  • Vendor Code

    Understanding vendor code utilization is essential for effective facilities management. Discover the importance of vendor codes and how they’re used.

  • Asset Management

    Asset management is the strategic process of managing and optimizing an organization’s physical and intangible assets. It involves maximizing value while minimizing risks and costs throughout an asset’s lifecycle.

  • Key Performance Indicators (KPIs)

    Key Performance Indicators (KPIs) in facilities management serve as crucial metrics to measure and enhance operational efficiency. What are KPIs in Facilities? They are quantifiable tools that help facility managers track performance, pinpoint areas for improvement, and align operations with strategic objectives.

  • Risk Management

    Learn about risk management in facilities management services, including the risk management process, benefits, and implementation to ensure safety and stability.

  • Waste Management

    Proper waste management is crucial. Learn about facility waste management and discover how ServiceChannel can help streamline waste disposal processes.

  • Outsourcing

    Discover how outsourcing in facilities management uses third-party services to enhance efficiency and focus on core business operations.

  • LEED Certification

    Discover the globally recognized LEED certification and how organizations can benefit from advancing sustainability efforts with green building practices.

  • Overall Operations Effectiveness (OOE)

    Overall Operations Effectiveness (OOE) measures the efficiency of asset performance, encompassing availability, performance, and quality. It provides a comprehensive view by expanding on Overall Equipment Effectiveness (OEE). Learn how OOE can improve operational efficiency and reduce downtime.

  • Availability

    Learn the importance of Availability in facilities management, how to calculate it, and strategies to maintain high equipment uptime for optimal operations.

  • Failure Rate

    Explore how failure rate measures asset reliability in facility management, guiding maintenance, and enhancing operational planning.