In the current market conditions, every dollar and every day in a project’s schedule count. Mega projects often exceed their budgets by 50 percent or more, and poor governance and control procedures -including those for the management of parts and materials - are a large contributing factor to such cost blow-outs.
Innovative technology can ensure you meet key business drivers by integrating the entire material and supply chain work processes, providing project teams with online access to information during all project phases – from engineering through the complete supply chain to onsite management. This enables effective materials management, delivering substantial cost savings and improved procurement efficiency.
In this report we have outlined the current project materials management challenges facing the industry, the business benefits of implementing an effective materials management system, and our solution to those challenges. We would love to hear any feedback you have on it.