Data management plays a crucial role in material tracking for the construction industry by providing accurate and up-to-date information about the location, quantity, and status of materials. Here are some specific ways in which data management can help in material tracking:
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.
sys·tem noun | sys·tem | \ˈsis-təm \ a set of principles or procedures according to which something is done; an organized scheme or method.
