Read about operational challenges around procurement of construction materials that contractors and vendors face today and how to address them.
A staggering 20% of contractors today request only 1 or 2 quotes from vendors before buying materials for their projects. This can mean missing an average of 10% in cost savings resulting in lower project margins.
At Field Materials, we've heard all sorts of complaints around the construction material ordering process, shared by our customers. During these discussions, a recurring issue comes into focus – the logistics of material delivery and on-site orders in the field.
Have you faced the situation when you receive a vendor invoice for an order that doesn’t have a dedicated PO in your accounting system? Maybe you placed that order over the phone or email and forgot to create a PO? Field Materials’ AI technology automatically scans the invoice and creates a PO at a click of a button, helping you save the time needed to manually enter data.
Purchasers often need to split the requested list of materials across several vendors. This usually requires setting up separate POs and checking warehouse inventory. This can easily take 30-40 mins. Specialized software can help you get this done in 3-4 mins!
Have you ever received an invoice that runs your project over budget? Even if you are diligent about creating POs, this can still happen. Field Materials’ new Spending Report detects such situations and tracks costs against budget in real time. It saves you the stress and headaches of going over budget.
In the world of construction, communication is king. Contractors and suppliers rely on clear and timely communication to ensure projects run smoothly. Yet, managing this communication can often feel like a daunting task, with construction material orders scattered across emails, texts, voicemails, and phone calls.
In the fast-paced world of construction, where every minute counts, have you ever paused to think about how much time your company spends on ordering materials for your various job sites? It's a crucial yet often underestimated aspect of project management that can significantly impact your productivity and overall bottom line.
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