KNOW YOUR PROJECT TAKING OFF QUANTITY
Make sure you have your budget quantity estimated. Project management starts with knowing how much material you need to buy. You will not be able to control your inventory without knowing the quantity needed for your construction project.
TRACK YOUR MATERIAL QUANTITY
Ensure that your site request is within your take-off quantity. Overbuying and double ordering tend to happen a lot in a construction project. When construction sites resume work after COVID-19 lockdown, it is expected that contract renegotiations will happen. Contractors’ paper-thin profit margin will be slash even further. Proper material control will help prevent leakages from happening.
MATERIAL CONTROL IS EVERYONE’S JOB
The blame game tends to happen when no one takes responsibility for monitoring project material. When overbuying happens, site tends to blame the office, and the office tends to blame the site. Supply chain management is complex and it involves many departments, many stakeholders. It is hard to keep track as many companies rely on paper to keep a record. Consider switching to inventory management software that can warn you before you waste money on overbuying material.
Speedbrick Solutions is a construction software company that specialises in helping its clients stay in control and ahead of construction risks. Two proven solutions are available now, Speedbrick COMPOSE: managing supply chain management risk and Speedbrick ECHO: managing project financial performance and important contractual terms, including EOT management.