Glossary Letter F terms
Forecasting
Like a weather report for business, predicting what you'll need to buy in the future based on past trends.
Facilities Management Procurement
Facilities management procurement focuses on acquiring the goods and services required to maintain and optimise an organisation’s physical workspace. From janitorial supplies and HVAC maintenance to security services and office renovations, facilities management spend can significantly impact an organisation’s operating costs and employee productivity. By applying strategic procurement principles—such as supplier relationship management, cost analysis, and performance monitoring—facilities teams can secure high-quality services at competitive prices, reduce downtime, and create a safe, efficient environment that supports overall business objectives.
Forecasting
Like a weather report for business, predicting what you'll need to buy in the future based on past trends.
Facilities Management Procurement
Facilities management procurement focuses on acquiring the goods and services required to maintain and optimise an organisation’s physical workspace. From janitorial supplies and HVAC maintenance to security services and office renovations, facilities management spend can significantly impact an organisation’s operating costs and employee productivity. By applying strategic procurement principles—such as supplier relationship management, cost analysis, and performance monitoring—facilities teams can secure high-quality services at competitive prices, reduce downtime, and create a safe, efficient environment that supports overall business objectives.