Construction Inventory Management

How Can You Achieve End-to-End Inventory Transparency in Construction

How Can You Achieve End-to-End Inventory Transparency in Construction?

Perhaps, you are now facing a lot of stressors related to your construction business, especially in your supply chain. With the added strains from the uncertainties and continuous market swings, your company should now find ways to adapt and minimize operating costs to stay profitable. Construction inventory management is one area where your construction company …

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How An Inventory Management Software Can Resolve Your Construction Inventory Nightmares

How An Inventory Management Software Can Resolve Your Construction Inventory Nightmares

In managing construction projects, some might think that inventory management is an unessential piece in the puzzle- a negotiable variable in the business. The truth is, however, it plays a crucial role in the overall operations and your company’s profit margins. Most of the business sectors that exist, from medical and construction to automotive and …

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Reinventing Your Inventory Management Through Construction Software

Reinventing Your Inventory Management Through Construction Software

When it comes to managing construction, one of the most challenging tasks is efficiently and effectively managing your inventory. Managing inventory can be a laborious, tedious, and time-consuming process in itself, especially if you handle multiple projects at the same time that involves millions of resources – materials, labor, equipment, and assets. Even a tiny …

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What is Asset Tagging in Construction and Why It is Essential to Your Inventory

What is Asset Tagging in Construction and Why It is Essential to Your Inventory?

As a contractor, you are always on the move, from one site to another, from job to job. And with so much shuffling around, there is more and more opportunity for human errors, especially in your inventory, like lack of materials, tools ending up on the wrong jobsite on the wrong day, etc. When you …

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Using Construction Software to Revamp Your Inventory Management System

Using Construction Software to Revamp Your Inventory Management System

Inventory management is one of the most laborious and time-consuming tasks a project manager must do when managing construction businesses. While inventory management includes understanding how to handle resources and when and where to allocate them, it is much more than that. It also involves overseeing the purchases, distribution, warehousing, and storage of goods while …

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Construction Inventory and Assets

Construction Inventory and Assets: What Are the Distinction Between the Two?

Managing construction projects also means managing all that comes with it, such as inventory and assets. Now you might be wondering, what is the difference between the two? For one, inventory management tracks all the stocks and reserves that come in and go out of the construction company’s warehouses; asset management tracks the supplies and …

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How A Good Inventory Management System Can Elevate Your Company's Profitability

How A Good Inventory Management System Can Elevate Your Company’s Profitability

Inventory is one of the main cost drivers in any business industry. The cost for inventory stocks alone accounts for half, or maybe even more, of the project’s total budget allocation in the construction industry. So as a project manager, inventory management is often one of the responsibilities you have to prepare for when managing …

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How Can You Improve Your Construction Procurement Process

How Can You Improve Your Construction Procurement Process?

The choice of the procurement process is critical to the success of a construction project. It is also a major deciding factor to the overall success of the company. Procurement in construction is never easy. Thus, it always requires a series of upgrades. And working with a complex supply chain, you have to source out …

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The 6 Common Strategies in Inventory Management in Construction

The 6 Common Strategies in Inventory Management in Construction

Construction inventory is a crucial element of most businesses in varying construction trades. Shift inventory fast enough, and you will usually produce more revenue for your company. Now the question is— how do you make this possible? Before we proceed with the strategies in inventory management, let’s dive into its basics first. What Is a …

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How To Achieve High Inventory Visibility Through Effective Material Requirement Planning

How To Achieve High Inventory Visibility Through Effective Material Requirement Planning

A construction project typically involves a million moving parts – from material production and supply chains, equipment rentals, and labor workforce. Thus, implementing a comprehensive inventory management strategy plays a significant role in determining a project’s progress and success when managing construction projects. One of the daunting challenges that a project manager may encounter on …

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The Integral Role of Construction Inventory in Procurement Management

The Integral Role of Construction Inventory in Procurement Management

In managing construction, inventory management is one of the highlights of procurement management that brings the whole process in the supply chain full circle. While more logistics and activities are involved when inventory management is included, it enables the procurement team more control over their work. For instance, the building materials or equipment purchased in …

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8 Effective Strategies to Track Your Construction Materials

8 Effective Strategies to Track Your Construction Materials

Imagine you are the site manager. You and your construction team are handling materials and equipment around the clock to accomplish project goals. And here is your client expecting the project to be completed next week and has to be on time. Obviously, you are responsible for tracking those materials to make sure they do …

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Key Benefits of Integrating Your Construction Business with Inventory Management Software

Key Benefits of Integrating Your Construction Business with Inventory Management Software

In your construction business, it’s no doubt there are tons of construction materials, equipment and goods. The industry requires every business in this sector to keep track of the materials from one phase to another. Whether you lose track of your inventory or are left with the choice of doing everything manually, you know it’s …

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How Construction Inventory Management can benefit Your Business

How Construction Inventory Management can Benefit Your Business?

As a contractor or business owner, you are always on the move. However, the challenges of maintaining the transparency for high-value assets and inventory inside and outside of the warehouse become more crucial and difficult than ever. And whether the assets or inventory are part of your services, delivery activity, or sales, real-time transparency is …

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10 Ways Your Construction Company Can Benefit From Cloud-Based Inventory Management

10 Ways Your Construction Company Can Benefit From Cloud-Based Inventory Management

Ask your company employees, “What do you love most about your job?” Few—if any—will say it’s managing construction inventory. Even so, inventory management is essential to help any company, regardless of any industry, last and ultimately flourish.   Not convinced enough that your company needs to track inventory?  An article published by the U.S. Small Business Association …

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9 Common Inventory Mistakes That’ll Cost You and How to Best Avoid Them

9 Common Inventory Mistakes That’ll Cost You and How to Best Avoid Them

Arguably the most important area of your construction business is inventory. And not paying extra attention to your inventory management may result in major issues with your business. What you may not know is that inventory is a far more complicated area than it seems. If you’re the business owner or the project manager, you …

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Construction Inventory Management Paper, Spreadsheet, or Software

Construction Inventory Management: Paper, Spreadsheet, or Software?

Construction inventory management is all about organizing, ordering, and using your company’s inventory. Whether you keep stock of raw building materials, lightweight tools, heavy equipment, work-in-process, or finished goods or output, an optimized construction management system is critical to ensuring that your company runs smoothly and profitably. Construction companies often rely on free, inexpensive, and …

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How Big Data Can Improve Your Construction Inventory

How Big Data Can Improve Your Construction Inventory?

The construction industry manages some of the costliest projects in the world. There’s a tremendous amount of manual labor, resources and supplies used in a major construction job, resulting in tons of data. Hence, understanding how data is influencing and shaping your inventory will help you become more knowledgeable, experienced and efficient in this area …

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12 Cost-Effective Ways to Improve Your Warehouse Efficiency

12 Cost-Effective Ways to Improve Your Warehouse Efficiency

Most construction companies these days have built their warehouses using their supplies, tools and manpower. Having a warehouse has become necessary, and everybody agrees that a lot of work is needed to run and manage it successfully. Two critical factors come into play when you want to run your warehouse successfully, cost-effective and efficient – …

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The Role of Inventory Cycle Count in Construction Management

The Role of Inventory Cycle Count in Construction Management

An inventory cycle count is a tried and tested strategy in managing construction inventory that involves counting a specific subset of its entirety on a particular date, at a particular time, consistently, and repeating intervals. Also referred to as cycle count and cycle counting, the inventory cycle count, is a reliable way of tracking inventory …

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Construction Inventory Management The Just In Time Method

Construction Inventory Management: The Just In Time Method

Look at any successful construction company, and you will see tons of efficiencies. Every working body has its purpose; every resource is being maximized and adequately utilized. Which leads us to the question— how does a company get to this point of success? One way to attain this is by adopting a well-understood inventory management …

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How to Deal with Excess Inventory in Construction

How to Deal with Excess Inventory in Construction?

No matter how lean your operation is, your construction business will most likely end up with excess inventory. Any slip-ups when it comes to your list will lead you to extreme costly effects. Excess in your inventory is typically quantified as any amount larger than your target. You may be purchasing too much and becomes …

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Here Are Signs To Look Out For a Construction Inventory Management Software

Here Are Signs To Look Out For a Construction Inventory Management Software

Construction companies and service providers— whether they are general contractors, subcontractors of trades, plumbers, roofers, electricians, or even exterminators— offer skilled and on-demand assistance to their clients. Regardless of the type of work these companies provide, they certainly have one thing in common: they need valuable materials, tools and equipment to get their respective projects …

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Young Man Checking Supplies on His Tablet

10 Tips for Efficient Construction Inventory Management

The unpredictability of the construction industry has made the management of equipment, tools, parts, and supplies a very challenging task. Having real-time access to the right equipment, tools, and other resources in a timely manner is a crucial issue that most construction professionals constantly deal with, significantly affecting a project’s development. It’s also concerning to …

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