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How To Use Electricity To Lower Operation Costs and Improve Cash Flow



The Silicon Valley Chapter of the International Facility Management Association (IFMA) hosted today a panel webinar titled "How To Use Electricity To Lower Operation Costs and Improve Cash Flow." The webinar this Wednesday, May 20th, 2020 at 11:00 AM was very informative and I was honored to be chosen as one of the panelists listed below.


With increasing cost pressures in the post COVID-19 environment, understanding what levers FMs can pull to drive cost efficiencies is a must and essential. Businesses count on facility managers to drive cost efficiencies throughout the organization, more so now after the global pandemic. A most often missed opportunity is in indirect spend. As companies transition into the digital space, electricity, an indirect cost, is a significant cost factor that facility managers can leverage to lower operational costs and improve cashflow for their organization.


Energy management is an integral part of the day-to-day operations for facility managers and property owners. Using electricity more efficiently to lower operation costs will improve cash flow that can help offset the rise in indirect costs due to COVID-19.


Rising energy costs and increasing interest in sustainability are driving the need to reduce energy consumption in buildings and develop strategies for better management. Reducing indirect costs through electricity usage savings is one of those strategies that might have been overlooked by FM’s.


Furthermore, this innovative indirect costs leverage program introduced by Mark Chiang can be the winning approach for facility and property managers along with their financial officers who are serious about reducing energy usage and the cost of it to their organization’s Triple Bottom Line.


The webinar presenter was MicroNOC Inc. and the list of panel speakers was as follows:


Mark Chiang – Senior Director, Strategic Sourcing at Medtronics


Operations Executive with over 20+ years’ experience of leading global sourcing teams for highly regulated environments such as Aerospace and Medical Devices industries.


David Fribush – Chief Technical Advisor, MicroNOC Inc.


20+ Years of Energy & Innovation Experiences. R&D lead, co-authored, and led government and utility white papers, project initiations, RFOs, and ESS requirements. Managed & Lead the ESNA award winning first CA Energy Storage System to participate in CAISO grid operator market; Energy Storage and Emerging Grid Technologies PG&E project.


Corey Lee Wilson – CLW Enterprises, Founder of IFMA Inland Empire Chapter


LEED Accredited Professional (AP) specialty in Operations and Maintenance, is an IFMA Facility Management Professional (FMP), as well as a CMAA Certified Construction Manager with over 30+ years building over $150M in commercial construction projects and author of ENERGY Cost Savings For Facilities.


If you would like to learn more about how to use electricity to lower operation costs and improve cash flow, please contact me at clwenterprises@att.net or call me directly on my cell # at 951-415-3002.

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