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Tracking certain KPIs (Key Performance Indicators) is a proven way for businesses in any sector to ascertain performance targets, while encouraging the creation of key business objectives to help realize these goals.
The vast majority of large-scale construction projects erected worldwide simply wouldn’t be possible without the combined work of several different subcontractors.
Integrated business systems, or what is sometimes referred to as a Construction ERP, have struggled to meet the needs of the construction and engineering industry for some time.
Latest global predictions suggest that spending on new infrastructure projects has now overtaken spending on property construction and will continue to lead for the next decade.
Within the Construction and Engineering (C&E) sector, a connected supply chain is more than just an efficiency driver—it’s a significant competitive advantage.
Prediction 1: The number of construction companies that deliver service and maintenance to increase to 50% by 2025. (Contractors need to become Total Asset Lifecycle Service Providers)
This article looks at the opportunities presented by delivering the full asset lifecycle business model, the transformative digital journey required, and the enterprise software capabilities firms must embrace to be able to compete.