The average building owner spends $1.45 per square foot annually on parts, materials, and equipment for maintenance, repair, and operations (MRO). At Qmerit, we’ve worked with a lot of owners, and we know that due to limited resources, most have trouble lowering that cost. Let’s face it: it takes a significant amount of time to negotiate strategic contracts, not to mention educate your own employees as to why they should abide by those agreements.
So, what’s a building owner to do? CIO Review interviewed Qmerit VP Jeff Golden to get his take on the ways our cloud-based procurement platform, MRO Marketplace, can help owners increase efficiency and lower costs.
Here are some of the highlights from the interview:
- Qmerit’s platform gives owners visibility into the availability and performance of qualified contractors and simplifies the entire procurement process by showcasing discounts from aggregated spend and federated search capabilities.
- It makes it easier to select the best contractor for each job because our platform is perpetually rating vendors with a QCI score, which is based on factors like past performance, responsiveness, service quality, and compliance.
- Qmerit discounts outperform others because we aggregate the combined MRO spend of building owners, contractors, and property managers. This aggregated spending allows Qmerit to obtain deeper discounts.
- Owners can extend their discounts to their contractors. Extending this discount means that contractors can take advantage of supplier discounts, bringing down owner expenses.
An amazing example of this efficiency in action is Schneider Electric, which was recently awarded a contract to establish an Energy Efficiency Marketplace in California. This means that building and home owners throughout the state can go to a site to get discounts on purchases for energy-efficiency and water-saving projects. Qmerit is perpetually negotiating the lowest possible prices, as well as scoring the contractors used for installations.
Curious to see how we can help you bring down your costs? Check out the full article here. Most exciting of all, there’s no cost for businesses to participate in our platform. We help you outsource the most difficult parts of the procurement process: ongoing supplier negotiations, account management, compliance, adoption, and a consumer-like eProcurement platform.
If you want to know more about our philosophy, we wrote a blog post about the metrics we think are the most valuable in terms of helping building owners cut procurement costs. If you have questions or are interested in learning more about how we can help, please send us an email or give us a call. We’d love to hear from you!