Due to the COVID shutdowns and the conflict between Ukraine and Russia, the world has moved from a period of surplus to one of shortage and scarcity, and there is nowhere where this is clearer than for construction materials. Prices have skyrocketed and lead times have doubled or even tripled in length yet as whole we have not done much to reduce waste of these valuable and increasingly scarce resources.
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.
Security signs and warning signs are some of the most effective deterrents against crime. Obvious right? Warning signs and security notice signs provide constant reminders that your facility is protected and has a security presence and posture of awareness.
All of us here at ONTRAXSYS, firmly believe that workforce education and development systems should be a critical part of any organization’s operational core. Within our own organization, training is deeply ingrained into our DNA. We attribute this to the fact that most of our team started their careers in the military which through its […]
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 […]
