For companies to be able to make sound procurement decisions, they need reliable and accurate data. Poor-quality procurement data cause all sorts of problems for an organisation, including excess inventory and inventory shortages, and inhibit the company from optimizing the procurement process. There are a lot of pressing challenges that the construction procurement staff is faced with. By being aware of these problems in construction procurement, they can develop a procurement strategy that will provide a solid foundation they can stand on.
Patrick Hogan is the CEO of Handle, where they build software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster by automating the collection process for unpaid construction invoices.
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Save my name, email, and website in this browser for the next time I comment. Supplier-related issues One of the biggest challenges in procurement lies in supplier management. Procurement route selection There are several routes that a company can take by which the design and construction of a building can be procured. Cost-related issues Finishing the construction project within the allotted project is always one of the priorities of construction companies.
Procurement | Georgia Building Authority
Long procurement cycle Long lead times and procurement cycles in construction have several causes. Inaccurate data The accuracy of data is a huge factor when it comes to the decision-making process. Spread the word by sharing. Share on Facebook Share. Share on LinkedIn Share. Share on Twitter Tweet. Send email Mail.
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Patrick Hogan Patrick Hogan is the CEO of Handle, where they build software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster by automating the collection process for unpaid construction invoices. September 23, 0. September 20, 0. From Wikipedia, the free encyclopedia.
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