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How To Improve The Management Of Construction Site Inventory

Construction Marketing

Site inventory management is a crucial part of any construction business. However, construction inventory can run into a few specific challenges. Additionally, each delay inevitably drains finances and your company’s image. ERP software can inform you of possible inventory needs through smart forecasting.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

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Challenging Times = Emerging Sales Opportunities

Pro Builder

Lack of inventory. If you’re not familiar with these terms, they refer to outside agent sales that aren’t properly registered and are determined to be the “procuring cause”—defined as the continued and uninterrupted series of actions of an agent that ultimately result in the sale of a property—of a home sale. Three Major Disruptors.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement , project management, and the C-suite should all monitor WIP closely. WIP is one element of an inventory account. ” username=””].

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement, project management, and the C-suite should all monitor WIP closely. WIP is one element of an inventory account. Click To Tweet.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

They require flexible solutions that can keep up and make their lives easier whether they are in the office or at the jobsite. Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Additionally, third-party stakeholder collaboration (e.g.,

Office 52