10 Huge Benefits of Construction Inventory Management Software
December 6, 2022
Did you know that delays in construction projects can cost your company up to 20 percent of the original estimated cost of the project? One reason for delays? Inventory.
If you manage a construction company, then you know that inventory can be a headache. Keeping track of all the materials, tools, and equipment can be time-consuming and difficult. But what if there were an easier way?
Construction inventory management software can help you manage your construction site more effectively. With this software, you can track materials, other supplies, and equipment. You can also generate reports, so you can see what's working well and what needs improvement.
Keep reading, and in this blog post, we'll explore ten huge benefits of construction inventory management software.
1. Manage Inventory Across Multiple Job Sites
If you manage inventory for a construction company, you know that it can be a challenge to keep track of everything. With so many job sites and so much equipment, it's easy to lose track of where everything is. That's where construction inventory software can help.
Construction inventory software can help you track your inventory across multiple job sites. You can see where everything is, and you can keep track of what's been used and what needs to be restocked. This can save you a lot of time and money, as you won't have to waste time searching for things or ordering new supplies when you don't need to.
Inventory software can also help you manage your budget better. You can see exactly how much each job site is using, and you can make sure that you're not overspending on supplies. This can help you save money in the long run, as you'll be able to bid on jobs more accurately and without worrying about overspending on supplies.
2. Get Notifications When You're Running Short on Supplies, Parts, and Materials
If you're running a construction business, then you know how important it is to keep track of your inventory. With construction inventory software, you can get notifications when you're running low on supplies, parts, and materials. This way, you can rest assured that you'll never run out of the things you need to keep your business running smoothly.
Inventory software can help you keep track of everything from small tools to large equipment. You can even use it to track the status of your projects so that you always know where things stand. Not only will this save you time and money, but it will also help you avoid potential disasters down the road.
3. Track High-Value Equipment and Tools
One of the most important things that any construction company can do is to keep track of its high-value equipment and tools. Not only is it important for security reasons, but it can also save the company a lot of money in the long run.
Construction asset management can help save you money by ensuring you get notifications when your equipment needs maintenance. It can also ensure that your equipment doesn't get lost when you're moving it from site to site.
4. Manage Your Inventory From Anywhere on a Phone or Tablet
Construction inventory software provides many benefits for those in the construction industry. Perhaps one of the most significant advantages is the ability to manage your inventory from anywhere on a phone or tablet.
This type of software allows you to keep track of your construction materials, tools, and equipment from any location. You can also use it in warehouses and other storage facilities to find what you need quickly and efficiently. You can easily see where your assets are at all times, so you can better manage your inventories.
5. Organize Inventory Based on Active Jobs
Organizing inventory based on active jobs is one of the many ways that construction inventory software can save you time and money. When you have an accurate view of which items are being used on which projects, you can make more informed decisions about ordering and stocking materials.
This system can also help you avoid costly mistakes, like over-ordering supplies that aren't needed or forgetting to order items that are critical to a job's completion.
6. Visualize and Search Your Stock With Ease
Construction inventory software can help you visualize and search your stock with ease.
With this type of software, you can see exactly what you have on hand at any given time, no matter how many job sites it's spread out across. This makes it easy to find what you need when you need it.
7. Create Custom Fields to Track Important Details
Custom fields allow you to track important details about your inventory that are specific to your business. This could include information like the manufacturer of a product, the model number, the size or dimensions of the item, and much more.
Being able to track this specific information can be extremely beneficial for a construction company. For example, if you need to order a replacement part for a piece of machinery, knowing the model number will ensure that you get the correct part.
Additionally, if you're keeping track of inventory levels for budgeting purposes, knowing the dimensions of an item can help you determine how many can fit in a given space.
Creating custom fields is easy to do in most inventory software programs. Simply create a new field and give it a name that describes what information it will hold. Then, start entering data into the field for each of your inventory items.
8. Keep Track of the Condition of Your Equipment
Construction inventory software can help you keep track of the condition of your equipment. It can do this by allowing you to add photos of your inventory items.
This will let you know what maintenance might need to be completed. It will also let you know if one of your employees damaged your equipment. There are many reasons you might want to use photos in your software, and having this feature can be a huge benefit.
9. Prevent Project Delays
Delays are the bane of every construction project manager's existence. It seems like there's always something that comes up to throw off the schedule.
In addition, the delays caused during the pandemic aren't 100 percent resolved yet. Construction sites are still running into problems with shortages.
But delays don't have to be a part of your project management strategy. With the right construction inventory software and some planning, you can avoid delays and keep your projects on track.
The first step to preventing delays is to have a clear picture of what materials you have on hand. With construction inventory software, you can see at a glance what materials are available and where they are located. This information is critical for keeping your projects on schedule.
Another way that construction inventory software can help prevent delays is by giving you real-time visibility into the status of your orders. If there are any issues with an order, you'll be able to see it right away and take steps to correct the problem. This way, you can avoid having material shortages that lead to delays.
Finally, construction inventory software can help you stay organized and efficient. By keeping track of all your project data in one place, you'll be able to work more quickly and effectively. This will save you time and help you avoid costly mistakes that could cause delays down the road.
10. Stay in Contact With Suppliers
Staying in contact with suppliers is a key part of any construction project. By keeping track of your supplier relationships and communication, you can avoid costly delays and mistakes.
Construction inventory software can help you stay on top of your supplier contacts. With this type of software, you can easily track supplier information, such as contact information, order history, and delivery schedules. This information can be invaluable when it comes time to order materials or make changes to your construction schedule.
In addition, construction inventory software can help you manage supplier payments. With this type of software, you can keep track of invoices and payments, ensuring that all suppliers are paid on time. This can save you a significant amount of money in late fees and interest charges.
Find the Right Construction Inventory Management Software for Your Business
Construction inventory management software can provide your business with a number of benefits, from increased accuracy and efficiency to improved customer service. If you're not already using construction inventory software, we hope this article has inspired you to give it a try.
With so many advantages, it's hard to see why you wouldn't want to use construction inventory software in your business. Are you ready to get started?
Britecheck will make your day a little "briter" with our construction inventory management software. Give it a try today and find out how we can help you across all of your job sites.
