In the construction industry, it is important to understand the flow of materials from one phase to another. Construction management software with advanced inventory management modules can help businesses stay abreast of materials being distributed or returned to and from multiple channels.
A good construction estimating software plays an important role as it makes the tracking and monitoring process easier to manage. This module also tracks orders and materials shipped to different job sites of a company. Inventory management in construction management software offers various benefits as it relates to tracking the items and materials used in the construction process.
Special features of inventory management in construction management software:
With inventory management software, it is possible to organize, update and analyze data including the time it takes a supplier to process an order, ship it, and the time it takes for materials to reach their desired locations. With this information, company managers can plan workflows, and decide when to purchase the required materials and how much to order.
The inventory module also helps construction companies calculate buffer stock, which is a stockpile of material to prevent unexpected demand. This feature helps minimize the risk of downtime due to material shortages.
The inventory management module not only functions to calculate the number of materials needed, but also to track these materials through various stages, calculate the number of materials used in various stages, and warn or report when inventory levels are low.