Digitize your purchase process
Purchase process in a construction project is critical and complex, both at the same time. That is the reason why we depend on strong purchase managers to keep our project schedules and costs under check. There are scheduled purchases aligned to project schedules, and there are unscheduled purchases to be managed on a fire-fighting basis all the time.
The BOQ often runs long and any slip on any one line item can be expensive. On top of that, there is a wide spectrum of vendors to choose from with cash flows in mind.?
In parallel, there are inventories to be managed across different stores that we may have. Any error here can cause disruptions to schedules and costs.?
A good way forward is to invest in a good purchase and inventory management software tool that enables our teams to run an efficient process.
There are a variety of solutions available to help streamline these processes to choose from. The key is to select one that is simple and configures our current work flows.?
keep track & proactively manage your purchase processes with Tracecost
Project Manger I Scrum Master I SaaS Project Delivery Specialist Empowering Multi-Family Owners to Maximize Revenue with Fair Rent Pricing with TraceRent.ai
2 年There are a few significant problems the #constructionindustry or #constructionprojects are currently facing. 1. A rushed and expensive purchase of materials or equipment on the site is caused by a delay in orders or the last-minute acquisition of materials. 2. Duplicate purchase orders as a result of lax management over the #purchasing / #procurement process. 3. Materials of poor quality are purchased at the very end hour. 4. Bad inventory control. In the end, all of these issues lead to #schedule delays, #quality problems, and cost overruns, but it's depressing to discover that a sizable portion of the business still uses antiquated techniques like MS-Excel to handle their #inventories and #procurement , which costs trillions of dollars annually. I firmly believe that the only way to optimize the #procurementprocess or gain better control is to switch from the traditional methods to #digitalsolutions like #constructionprojectmanagement software.
Transforming Real Estate with TraceRent: AI-Powered Optimal Pricing Solutions for Smart Rentals II SaaS
2 年Tracecost as a comprehensive construction management software can digitize the complete procurement process for construction industry which can then help in eliminating unnecessary paperwork and also maintain uninterrupted supply of materials at site. #tracecost #constructionmanagement #constructionmanagementsoftware #digitalconstruction
Process Analyst/Process Trainer/ITSM | IT Service Management | Technical Support | Functional Testing | Genesis | Operations Management | Data Analysis | Digital Transformation | Business Planning
2 年The Tracecost procurement module enables an organisation to show how it's procurement activities provide value for money, support and contribute to the achievement of its larger goals and objectives, and provide a comprehensive overview of the success of its procurement strategy.
Project Manager at Tracecost | Digitising Construction Processes
2 年Digitalization of the procurement lifecycle plays a vital role in the Construction Industry as it aligns the inventory and construction schedule. Forecasting of materials not only ensures timely delivery of materials, but proper planning can lead to project savings. Companies that can maximize the benefits of digitalization have a significant advantage over businesses that do not take full advantage of the technology.