Capital project material management is one of the most underutilized and underappreciated strategic value drivers in the construction industry today. During lean times, material management can provide budget support in a number of ways. Considering that a typical project BOM may account for the 70% of the overall project expense, material management can not only help companies obtain materials at the lowest possible cost but also maximize the construction material work effort from cradle to grave.
Even with site security in force, each year there is over $1 billion in equipment and material stolen from construction sites. Surprisingly, many of these sites are manned with armed security guards.
sys·tem noun | sys·tem | \ˈsis-təm \ a set of principles or procedures according to which something is done; an organized scheme or method.
Materials used on mega construction projects account for as much as seventy percent of total project costs. With so much at stake, more focus should be placed on supply chain staffing; address how material is purchased and how that material is handled on the job site. Companies are able to meet short-term supply chain staffing […]
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