Computer Aided Facility Management (CAFM) Glossary And Meanings

Take a look at some of the most common space and facility management glossary terms, abbreviation and meanings. Explore the vocabularies that defines business success in the step towards managing your built environment.
A

Asset Tracking

Asset tracking is the methodology used to track and document all physical assets of a company. Typically, this is a real-time central system that provides details such as owner, location, contract, and maintenance history.

Audit Management

Audit Management is the process of putting in place relevant controls and its documentation to maintain the integrity and operating effectiveness of an organizations information systems, operations and practices.

C

Change Management

Change Management software is a system that enables companies to plan, orchestrate, and optimize the transformation process of managing changes.

Compliance Tracking

Compliance tracking is the process of organizing and monitoring of compliance related information and activities to ensure potential risks associated with business dealings, regulatory, legal and other external environmental threats are minimized.

Configuration Management

Configuration management is the system engineering process that ensures the establishment and maintenance of a product's attributes throughout its life.

Contract/License Management

Contract or License Management is the process of managing software licenses used by an organization to control and document how its software are operated and utilized.

Cost Tracking

Cost Tracking is an essential part of expense control critical to any business or project.

D

Depreciation Management

Depreciation management is an accounting process where an organization allocates a cost of an asset over its useful life.

Design Management

Design management is the culmination of business processes, decisions and strategies that facilitates innovation and the creation of products, services, brands and environments that adds to organizational value.

E

Equipment & Tools

Equipment and tools are a series of objects that modifies and enhances the performance of a task, activity or features of a surrounding environment.

F

Fixed Asset management

Fixed asset management is the tracking, monitoring, and maintenance process of an organization’s furniture, fixtures, and equipment.

Floor Plans & Maps

Floor plans & maps provide locality and position to business assets and resources. Advanced features includes ability to plot assets and other data on the floor plan.

I

IT Asset Management

 IT Asset Management (ITAM) is the process of tracking and managing the financial, physical and contractual attributes of IT assets throughout their lifecycle.

M

Move Management

Move Management is a platform that helps plan, organize, and track workplace and workforce moves.

Maintenance Management

Maintenance Management is the process that ensures all fixed and movable assets and resources of a company are well maintained and working at peak operational efficiencies.

O

Occupancy Management

Occupancy management is putting in place a set of controls to enforce capacity thresholds with regard to people or spaces.

P

Planogramming

Planogram is a visual merchandising tool that is used by retailers to represent the layout of their product placements in order to maximize sales.

Procurement Management

Procurement management is function that oversees the entire process involved in acquiring qualitative goods and services from vendors within a stipulated budget and deadline.

R

Requisition Management

Requisition Management is the process of creating, processing, authorizing and tracking purchase requests within an organization.

S

Seating Charts

Seating Charts help visualize and manage seating occupancy and utilization based on real-time floor-plan views of an organization.

Shelf Planning

Shelf Planning is aimed at maximizing profits by assigning products to shelves to adjust visibility and desirability while taking into account limitations around shelf space and allocation.

Space Reservation

Space Reservation is a resource management solution that shows the availability of the types of spaces, and view room status in relation to a date or time duration for reservation.

Supplier Management

Supplier Management is a set of activities used by a company to identify, qualify, onboard, monitor and manage its third-party vendors.

U

Usage Tracking / Analytics

Usage Tracking/Analytics allows users to monitor data related to utilization or consumption, its frequency and other metrics like occupancy ratios, space efficiency, vacancy, density etc, that is useful to make informed decisions.

V

Visitor Logging

Visitor Logging or Visitor Management is a system that allows companies to track and record visitors entering their premises. It is designed to give a planned structure to visitor-employee interaction and safeguard the workplace against potential security threats by requiring digital registration.

W

Way Finding

Way Finding is a mechanism that helps people navigate through complicated architectural environments with the use of visual cues such as symbols, signboards, maps and directions.