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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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Managing Supply Chain Disruptions in the Construction Industry

Construction Business Owner

The strength of a construction supply chain heavily depends on other industries — manufacturing, distribution and even retail-commerce — that siphon critical products to contractors and developers. Such software can track inventory in real time for you, so you’ll always know what materials you have on hand and when it’s time to order more.).

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Trucking Companies Cut Profit Forecasts

Construction Equipment

Trucking demand spiked earlier this year due to inventory stockpiling in the second quarter as West Coast ports caught up with backlogs of imports that accumulated during a labor dispute. The trucking industry is preparing for a downturn in demand, reports The Wall Street Journal.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

R etailing involves buying large quantities of goods and selling them in smaller quantities to consumers for a profit. Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. By the BF Staff From the March/April 2016 Issue. Credit: City of Cape Coral).

Retail 40
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Why Builders Wait to See Lower Lumber Prices

Pro Builder

This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold. Retailers and wholesalers do their best to buy low and sell high. In economics jargon, the “street” prices paid by builders are “sticky.”

NAHB 98
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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period, say a fiscal quarter. Keep your inventory as low as possible.

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Is Your Bookkeeping Service Overcharging Your Construction Company?

Contractor Bookkeeping

Most bookkeeping services are one person operators working from home with less than a dozen customers and the usual breakdown is as follows: 2-5 retail type business customers. 1 Retail which is roughly 80% of all bookkeeping and accounting and is primarily what is taught in colleges and universities. 1-2 contractors.