Update of quantity
Please note, the order volume has been updated. This is due to package and minimum order quantities.
Please note, the order volume has been updated to. This is due to package and minimum order quantities.
Please note, the order volume has been updated. This is due to package and minimum order quantities.
Please note, the order volume has been updated to. This is due to package and minimum order quantities.
When companies don't digitise their business processes, a "digital black hole" can form, causing projects to exceed time and budget. Want the whole story? Download the full whitepaper below.
Labor (40% of income), material and consumables (20%), and tools and equipment (15%) are a company’s top costs. They're also the most difficult to manage when using a patchwork of paper-based systems and spreadsheets.
Neither transparent or accountable, these systems can have negative cost and efficiency implications for managing tools and assets.
per month
are spent searching for tools (on average)
of companies
have difficulty tracking tools and equipment
is spent annually
on replacing lost assets (on average)
of construction time
is spent on non-productive activities
While labour costs and shortages are on the rise, technology can make labour management more predictable by exposing business inefficiencies, which can improve planning and profitability.
Understanding labour productivity can also provide transparency into how assets are used. Ask yourself the following questions:
How much work can a group of 20 workers get done in a day?
How many days do you need to complete the job?
How many workers will you need to finish in time?
At a time when profit margins are shrinking and costs are rising, the use of paper-based inventory management systems that are dependant on people are becoming difficult to justify.
Technology such as IoT and tagging can provide an asset’s location, usage and maintenance status. This real-time information can interface with asset management software so teams can make more informed tool management decisions.
It enables more accurate budgeting by tracking materials and consumables.
It helps avoid downtime by identifying duplicate, unused assets.
It can control loss by monitoring consumables and equipment removal.
Digital solutions like smart batteries and asset management software are increasingly easy to use and inexpensive to implement. With the right choices, digitisation can help cut costs on assets, free up staff for more productive work and eliminate delays caused by paper-based systems and spreadsheets.
Have questions or feedback? Curious about the future of construction? Want to chat about construction site technology? Looking to optimise your business? Fill out the form below and we'll get back to you.
Important List Price Update effective 1 July 2023 Read here
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An e-mail has been sent to our Customer Service team for follow-up. You will receive a copy of your request for your records.