Published on:
March 21, 2023
As a builder, you understand that resource management is vital to running a successful construction business. From tracking materials and personnel to scheduling equipment and managing budgets, it can be overwhelming to keep everything in check. However, investing in a resource management software can help you streamline your operations and increase your profitability. Here are some of the benefits of investing in a resource management software for builders.
One of the most significant benefits of a resource management software is that it enables real-time cost control. By streamlining the materials ordering and receiving process using a unified platform, you can save up to 5-8% on total project costs. This also gives real-time visibility on your materials inventory which helps create informed decisions on ordering only what you need. Additionally, having a resource management software enables you to track materials usage so you can ensure that you're not wasting materials, reducing the risk of budget overages.
Another benefit of a resource management software is that it improves resource planning and budgeting. With a daily digital log of activities in your software, you can track the usage and progress of your materials and personnel schedules in real-time, allowing you to adjust your budget and resources accordingly. You can also avoid delays by identifying potential issues before they become problems, such as materials shortages or delivery delays.
With a resource management solution, you can track the availability and utilization of equipment, ensuring labor productivity and lower material waste. You can avoid overbooking by having a solution for scheduling equipment, preventing downtime or delays. You can also track equipment usage to ensure that you're not wasting energy or materials, reducing the risk of budget overages.
Perhaps one of the most significant benefits of a resource management solution is the return on investment. Builders who invest in a resource management solution like Steer typically see a 160% return on investment within the first two months. By improving overall productivity in resource management and reducing paperwork and double encoding using a resource management solution, builders can save a great deal of time and money which allows them to focus on other aspects of their business.
In conclusion, investing in a resource management solution like Steer can bring many benefits to builders, including real-time cost control, improving resource planning and budgeting, better visibility on equipment availability and utilization, and an impressive return on investment.
Steer empowers builders to drive up efficiency and protect profits with its site materials tracking, labor utilization, and equipment monitoring solutions designed to help builders to have a tighter grip on plan-to-actual project costs throughout the project lifecycle.
Increase your profitability with Steer. Know more about Steer’s Resource Management Suite HERE so you can start streamlining your operations and optimizing your resources.
