To grow in this dynamic industry, Modular Construction firms require open Accounting, Manufacturing and Inventory solutions that complement their business processes.
Managing the life cycle of design, build, operations and hand-over efficiently requires a unique set of technology solutions that only comes from having everyone working from the same source of truth.
Industry moves quickly, having the flexibility to match customer demands while accurately tracking impact on design and construction costs forces Modular Construction Companies to think differently, demanding a different approach to keep overheads evenly scaled to business growth.
Efficiently manage your distribution process with system-wide inventory control and effective inventory management software – including real-time access to inventory in transit, available inventory, and inventory costs.
Signs there’s more work to do:
The ability to forecast and plan for materials and components is critically important to effectively management of production and finished goods inventory
Signs there’s more work to do
In today’s modern economy, successful companies are champions of modularity in hardware, software, products, and services. Placing effective solutions in the hands of design, manufacturing and delivery teams can have a dynamic effect on the bottom line.
Signs there’s more work to do
Running multiple entities in construction for risk mitigation or result of business acquisitions is common, but this can create challenges down-stream to achieve accurate easily produced company financials and cashflows.
Signs there’s more work to do
If you don’t recognise the term WIP, join the crowd. Work In Progress confuses most contractors – mainly because it was originally used by accountants and bankers as a financial instrument for the manufacturing sector. But due to increased complexity in..
In some cases, it is simple to determine the timing for Revenues Earned, once ownership of a product is transferred or a service is complete, revenue is considered to have been earned. But if revenue recognition is delayed until the end of a long-term contract, the Matching Principle of…
Variations management comes in different forms but the criticalness of getting paid or confirming payment, appropriated correctly, is a crucial function for contractors. From my experience working in construction management..