How a Collaborative Network Will Change the Construction World!

What is the Digital Supply Chain?

A Digital Collaboration Platform built specifically for the Heavy Construction industry will change the world by helping companies save thousands to millions of dollars on their construction projects, along with reducing the carbon impact, eliminating waste, and saving lives.  

Using supply chain collaboration technology, construction firms will see meaningful productivity gains. As construction in the US is a $1.27 trillion annual business, a very modest 3% productivity gain would translate into an industry created $40B stimulus package.

These unlocked resources, for example, could build over 2,500 new elementary schools each year or be invested in other US infrastructure projects like thousands of miles of new 4-lane highway or tens of thousands of Interstate roads being resurfaced.

By automating business processes, such as transportation, materials management, invoice/PO, bid, project management, firms improve efficiencies, reduce errors and admin time, increase productivity, and speed cash-to-cash cycle. By using a collaborative platform that connects all construction stakeholders (contractors, suppliers, procurement, project managers, engineers, etc.), everyone involved on a construction job can be on the same page by having visibility into what is going on across the entire supply chain. 

With concrete production one of the most CO2-emitting processes, eliminating waste when pouring and delivering concrete using a collaborative network that connects project managers, haulers, and producers, could significantly reduce the carbon impact on the environment. 

Collaborative Networks offer stakeholders visibility into automated processes for real-time collaboration between perforated metal suppliers, other suppliers, haulers, producers, and contractors, enabling project stakeholders to do more together than alone.

The platform can ensure that all stakeholders are working with the same information so that transparency to construction projects helps everyone to meet time commitments and budget goals. 

Construction leads all industries in total annual worker deaths and is ranked fourth highest in fatal injury rates. Falls, transportation incidents, and contacts with objects or equipment are leading causes. Using a Collaborative Network that automates business processes, improves communications, and eliminates paper tickets, helping to reduce injuries as workers won’t need to walk around the yard to find materials where they could possibly be hit by equipment, causing serious injury.

The lack of available labor is really affecting the construction industry. New labor coming into the industry isn’t meeting the growing demand for building because the industry can’t seem to hire enough talented people to keep up with the pace of building. So, project leaders continue to apply labor to meet daily manual tasks, but that isn’t helping the issue.

The more you can automate daily operational tasks through a digital platform, the more you don’t need to hire more people because current ones can be more productive with these tools. 

Construction article and permission to publish here provided by Ed Rusch at Command Aikon. Originally written for Supply Chain Game Changer and published on December 18, 2019.