The past couple of years have highlighted the importance of a reliable procurement process for construction companies, but supply chain challenges have made it difficult. Between inconsistent supply and irregular operations, leaders have struggled to establish procurement processes that can guarantee materials and equipment are there when they are needed.<\/p>\n
As a result, more construction business leaders are exploring the benefits of using a purchasing platform to augment existing procurement processes. This article will discuss the supply chain challenges that construction companies must overcome and share how a purchasing platform can help.<\/p>\n
Here are some challenges procurement managers face in construction companies:<\/p>\n
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Procurement managers need to monitor suppliers to assess their performance, verify the quality of the supply and the reliability of delivery. This insight helps identify your best suppliers and improve your supply chain.<\/p>\n<\/li>\n
Locating information across multiple spreadsheets and stakeholders can be a challenging and time-consuming task, and having data stored across disparate resources can bring a lack of transparency<\/a> and security risks. Any mistake can result in inaccurate information that will affect your business.<\/p>\n
However, when processes get more complex, using legacy systems can become an issue instead of a solution. Leveraging a solution specifically designed for construction projects<\/a> can decrease costs and improve productivity.<\/p>\n<\/li>\n
Construction purchasing platforms are software packages that enable construction companies to automate the procurement process from request for information to delivery. These solutions streamline processes and eliminate human errors. Here are some of the benefits of leveraging a purchasing platform:<\/p>\n
Automated procurement software can reduce risks, costs and procurement time. Leading purchasing platforms enable reliable sharing of documents and orders, reducing operational risks, inaccurate payments and unapproved purchases.<\/p>\n<\/li>\n
An automated purchasing platform centralizes procurement tasks, document sharing, and communications so all related data can be accessed from a central interface, simplifying data management.<\/p>\n<\/li>\n
A purchasing platform can collect and create reports based on accurate supplier data.<\/p>\n
It gives procurement managers near real-time data and provides clear supplier profiles. As a result, you can detect good performers and identify purchase risks. This encourages suppliers<\/a> to perform better.<\/p>\n<\/li>\n
Manual processes can result in invoice delays, mistakes and duplicate payments. Purchasing automation eliminates these issues, reducing invoice processing times and increasing accuracy.<\/li>\n<\/ol>\n
After you decide to purchase an automated platform, there are several factors to consider when choosing the best one for your business. One of the key aspects is the integration with your existing systems<\/a>.<\/p>\n
Tom Stemm is the CEO\/founder of Ryvit.com<\/a>. Tom leads a team of integration developers, application enthusiasts, customer heroes and sales superstars on a mission to eliminate duplicate data entry and rampant data errors from the construction technology world.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"