3. Inefficient supply chain
Not knowing what materials are in inventory
or what the supply chain contains leads
to confusion, unnecessary downtime and
unneeded orders that add up to lost profits.
Without proper planning and awareness
of supply chain, contractors also can't
take advantage of manufacturer volume
discounts. With integrated data systems,
contractors are always aware of what
they have and how much to capitalize
on manufacturer incentives. Hobson &
Company's study showed a 75% increase in
gross margins through improved estimating
due to real-time and accurate reporting.
"Before we integrated our data, there was such
a disconnect between the field and office that
some materials were ordered and stored for
jobs, but then they went to the wrong place
or were just forgotten about," Smith said.
"That's what started showing us we need to do
something about this."
F I V E ST I C K I N G P O I N TS O F
D I S C O N N E C T E D DATA SYST E M S
6
