Recognizing that facilities costs are second only to employee costs, Corning Incorporated has centralized real estate management as a corporate function, and aligned it with the Business Services Division. Integral to this initiative, a computer aided facilities management (CAFM) software application was implemented to centralize all Corning Real Estate (CRE) information. Corning also realized the potential of utilizing CAFM technology for detailed space planning and management. This integrated space management functionality has helped Corning reduce planning time by up to 70 percent and support data analysis that resulted in saving $3 million per year in operating costs, just by idling a building that wasn't fully utilized.