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How Inventory Control Saves Construction Teams Resources

Construction Business Owner

How Inventory Control Saves Construction Teams Resources. Practicing inventory control helps your construction team save time & money while keeping you organized. All sorts of businesses rely on inventory to provide goods and services to their customers, but when it comes to construction, supplies and materials are truly essential.

Inventory 226
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177
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Regulatory Costs Increased 44% in 10 Years

Pro Builder

Regulation costs are 11% higher today than five years ago, accounting for $93,870 of the final price of a new single-family home on average, according to the National Association of Home Builders. Regulatory Costs Increased 44% in 10 Years. cbroderick. Tue, 06/01/2021 - 10:30. Read More. . Economics.

NAHB 98
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The Downfall of the ‘Just-In-Time’ Supply Chain Model

Pro Builder

According to supply chain management experts like Lisa Anderson, CEO of LMA Consulting, the just-in-time concept can no longer be taken literally, and rather than leaning on a dependable supply chain, businesses instead have to account for risk when ordering ahead, Construction Dive reports.

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The Risks of Disconnection in Field Service

Construction Marketing

Incomplete inventory management and procurement features cause stock-outs and rush orders, wreaking havoc on service schedules dependent on replacement parts and equipment. The extensive application provides connected financials, project accounting, order management, and inventory applications. But there’s a better way.

Risk 156
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Top 10 ERP Solutions for Construction Firms

Construction Marketing

According to BSEC’s glossary of software terms , Enterprise Resource Planning Software is a product that “allows a company to manage various aspects of a business — such as accounting, inventory and human relations — in one place. Contact us for a free consultation and sign up for our 2020 Construction Marketing Outlook webcast.

Software 200
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ESG is an Opportunity for Commercial Landlords

Green Building Law Update

The ‘just in time’ delivery supply chain mantras of the 1980s promising lower costs through no inventory and efficient logistics seem a distant memory. There has been a lot of talk in recent months about supply chain including that during the pandemic supply chain delays and shortages are real. yes, this blog will continue).