When we talk about the supply chain, we often think about manufacturing as the core industry in which supply chain challenges and innovations are most prominent, supply chain dynamics extend across a wide range of sectors, including logistics, agriculture, retail, technology, and the construction supply chain.

Our RFgen partners share the complexity of the construction supply chain, which stems from the manufacturing sector. These challenges range from the rising cost of materials and the need for efficiency to the need for efficiency due to those increased costs. “According to a recent report, the global construction materials market size is projected to grow from $1,320.01 billion in 2023 to $1,867.16 billion by 2032.” This is great news for those in the industry and the up-and-coming workforce. With expected growth on the horizon, managing the challenges now will enable building material manufacturers to “effectively manage raw materials and finished goods while upholding high-quality standards to ensure availability for building projects.”

Some best practices that construction companies can use to manage their supply chain effectively include:

• Planning orders based on forecasts and historical data – Accurate data is necessary and can save companies time and money. Implementing full-service data collection systems, like mobile inventory software, ensures that relevant information is captured and accessible when needed.
• Streamlining ordering and billing processes – Just as the inventory can be well-managed through mobile inventory software, so too can the ordering and billing process with Enterprise Resource Planning (ERP) software.  These two software options can integrate seamlessly so all information flows back and forth effortlessly between the field and the office.
• Real-time visibility – Whether it’s work-in-progress projects, finished goods waiting to be used, or spare parts, having the technology to track this type of information enables companies to stay on track. For yard storage, RFgen can provide mobile offline management software with geolocation capabilities to enhance the visibility of items stored in these locations.

Although construction companies may utilize similar materials and processes as manufacturers, they face some unique challenges unique to their industry. The primary goal is to find effective labeling and barcoding solutions that enhance efficiency while maintaining cost control. Pragmatyxs can help them look at ways to streamline their inventory solution and integrate their business systems into one seamless solution