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How do you leverage technology and innovation in QS procurement solutions?

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As a quantity surveyor (QS), you know that procurement is a crucial process that affects the cost, quality, and time of any construction project. But how do you leverage technology and innovation in QS procurement solutions to achieve better outcomes for your clients and stakeholders? In this article, we will explore some of the ways that you can use digital tools, data analytics, and emerging trends to enhance your procurement skills and deliver value-added services.

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Martins Akaawase

Assistant Quantity Surveyor at Arnold & Associates Ltd
Chandhu Sujatha

Graduate Quantity Surveyor (Civil Engr.) at Pennon Group PLC, UK…

1 Digital tools for procurement

One of the benefits of technology is that it can automate and streamline some of the repetitive and tedious tasks involved in procurement, such as document management, tendering, contract administration, and payment processing. By using digital tools, such as cloud-based platforms, online portals, e-procurement systems, and smart contracts, you can save time, reduce errors, improve transparency, and facilitate communication and collaboration among the parties involved in the procurement process. Digital tools can also help you access and update information in real-time, track progress and performance, and monitor compliance and risks.

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Martins Akaawase

Assistant Quantity Surveyor at Arnold & Associates Ltd
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It can significantly enhance efficiency and effectiveness in QS. A. E-Procurement Platforms: These platforms can centralize information, automate workflows, and facilitate collaboration between QS, contractors, and suppliers B. Cloud-Based Collaboration: This ensures that all stakeholders have access to the latest procurement documents and reducing delays C. Digital Bidding and Tendering: Online platforms allow for efficient submission, evaluation, and tracking of bids, improving overall procurement efficiency By embracing these digital tools and innovative approaches, QS can optimize the procurement process, improve collaboration, reduce costs, and ultimately enhance the overall efficiency and effectiveness of their operations

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Chandhu Sujatha

Graduate Quantity Surveyor (Civil Engr.) at Pennon Group PLC, UK [MSc in Quantity Surveying I MSc in Structural Engineering I BSc in Civil Engineering ]
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Leveraging technology and innovation in QS procurement solutions is essential for enhancing efficiency, accuracy, and transparency throughout the procurement process. Here's how QS professionals can utilize technology and innovation: Digital tools for procurement that Implement digital procurement platforms and software solutions to streamline procurement processes. These tools can automate tasks such as supplier management, tendering, bid evaluation, and contract administration, reducing manual effort and minimizing errors. Examples include e-procurement systems, online bidding platforms, and contract management software.

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2 Data analytics for procurement

Another advantage of technology is that it can generate and analyse large amounts of data that can inform and improve your procurement decisions. By using data analytics, such as artificial intelligence (AI), machine learning (ML), and business intelligence (BI), you can gain insights into the market conditions, cost drivers, supplier capabilities, customer preferences, and best practices that affect your procurement strategy. Data analytics can also help you identify and evaluate procurement risks and opportunities, such as price fluctuations, demand changes, innovation potential, and sustainability impact. Data analytics can also help you optimise your procurement budget, schedule, and quality, and measure your procurement performance and value.

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Chandhu Sujatha

Graduate Quantity Surveyor (Civil Engr.) at Pennon Group PLC, UK [MSc in Quantity Surveying I MSc in Structural Engineering I BSc in Civil Engineering ]
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Harness the power of data analytics to optimize procurement decisions and identify cost-saving opportunities. Analyze historical procurement data to identify trends, forecast future demand, and benchmark supplier performance. Advanced analytics techniques, such as predictive modeling and machine learning, can help QS professionals make data-driven procurement decisions and mitigate risks effectively.

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3 Emerging trends for procurement

A third aspect of technology and innovation is that it can create and shape new trends and opportunities that can influence and transform your procurement practice. By keeping up with the emerging trends, such as green procurement, circular procurement, modular construction, digital twins, and blockchain, you can adapt and innovate your procurement solutions to meet the changing needs and expectations of your clients and stakeholders. Emerging trends can also help you enhance your procurement skills and competencies, such as digital literacy, strategic thinking, problem-solving, and creativity.

Technology and innovation are not only changing the way you do procurement, but also the way you add value as a QS. By leveraging technology and innovation in QS procurement solutions, you can improve your efficiency, effectiveness, and excellence in delivering procurement services that meet or exceed your project objectives and stakeholder satisfaction.

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Chandhu Sujatha

Graduate Quantity Surveyor (Civil Engr.) at Pennon Group PLC, UK [MSc in Quantity Surveying I MSc in Structural Engineering I BSc in Civil Engineering ]
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Stay abreast of emerging trends and innovations in procurement technology. Explore developments such as blockchain for supply chain transparency, artificial intelligence for vendor risk management, and internet-of-things (IoT) for real-time inventory tracking. By adopting these emerging technologies, QS professionals can drive efficiency, mitigate risks, and enhance the overall effectiveness of procurement processes.

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4 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How do you leverage technology and innovation in QS procurement solutions?

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1 Digital tools for procurement

2 Data analytics for procurement

3 Emerging trends for procurement

4 Here’s what else to consider

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