Importance,ERP,Construction,Pr business, insurance Importance of ERP in Construction Project Management
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Normal 0 false false false EN-US X-NONE X-NONE Theconstruction industry is highly disorganized industry. Manyorganizations in the construction industry are somewhat or highly diversifieddue to the nature of the business. Ithas to deal with other related businesses such suppliers, vendors,subcontractors and clients. Withhuge involvement of contractors and subcontractors, vendors and workers spreadacross miles of project site, it become much more difficult to manage alloperations at one time which creates problems. ERP software in Construction Project Management will enhanceresponsiveness in regard to customers, suppliers, vendors and subcontractors.ConstructionERP Software Solution handles allthe core functional areas of ConstructionProject Management, like: · Sales ManagementThis module keeps records ofeach and every action involved in sales process. It keeps track of enquiries,leads, deals, cancellation, complaint details, completion status, agreements& NOC, etc. · Financial ManagementThis module takes care ofcash-flow, expenses, budgets, taxes, etc. and generates valuable financialreports by gathering data from various functional departments. · Purchase ManagementThis module keeps track of materialrequisition, enquiry, quotation, price comparison, negotiations, purchaseorders, material receipts and invoice generation in real time. · Inventory ManagementThis module maintains recordof stock availability. It acknowledge inventory requirements, supervises itemsusage, render refilling options and give account of inventory status of all theitems.Bussiness Intelligence A strongly integrated ERP System bridges the gapbetween marketing, sales, quality control, purchase, stocks and many more. Thiswill ultimately lead to disappearance of miscommunication and loses. The basicfunction of construction ERP Softwareis to amalgamate all departments and functions of the company into a singlesystem that will serve the requirements and needs of all the departments. Thus,an ERP automates business process by making them standardized for wholeorganization. Construction ERP Software inConstruction Project Management will lead to:· Improvement in responsibilities with regardto clients.· Magnification of organization flexibility.· Acceleration decision-making capabilities.· Reduction in project completion and cost.· Betterment of supply chain partnerships.· Integration in Working Environment.· Smooth flow of information from field level to managementlevel· Achievementof balanced people, process and technology changes across all areas.Before finalizing Construction ERP Softwareyou should first consider the requirements of your organization and howefficiently Construction ERP Software willassist you in meeting the challenges. Thedifferent software choices often have different strengths and focuses, as wellas specializations for certain industries. /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin-top:0in;mso-para-margin-right:0in;mso-para-margin-bottom:10.0pt;mso-para-margin-left:0in;line-height:115%;mso-pagination:widow-orphan;font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;}
Importance,ERP,Construction,Pr