REAL-TIME PROJECT INSIGHT FORStructural Steel
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
THE REAL-TIME ECONOMY
The Real-Time Economy is the new consumer mindset with expectations of instant access to products, services, and information, stemming from business processes and value chains becoming entirely digitized and connected. The Real-Time Economy is all around us. We see it in every facet of our lives, from the automated and immediate availability of products and services to instant updates on just about anything across all our devices.
This shift into the Real-Time Economy is not new. It has been occurring undeniably for some time. What is new is that this trend is now pervading project-based businesses.As a project-based business, structural steel contractors must meet high global standards for structural steel design, fabrication, and erection of commercial buildings, industrial settings, bridges and other construction. From planning through execution, structural steel contractors have to efficiently, accurately and flawlessly manage and integrate the detailing, production and construction of all types of steel structures. However, that’s often easier said than done because of the complexity of a typical structural steel project. Among other things, structural steel contractors have to coordinate and collaborate with a variety of other construction trade sectors, including architects, general contractors, masons, engineers, carpenters, and electricians.
As a project-based business, the Real-Time Economy is
What is the Real-Time Economy and
what does it mean for project-based companies?
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DOING BUSINESS IN REAL TIME
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
What does it mean to operate in real time?
It is about monitoring your entire project portfolio continuously with the ability to react immediately when situations change. Project insight, such as estimate at completion, variance, margins and risk profiles should be aggregated and accessed with the tap of a button. Armed with such real-time insight, you are better equipped to meet the demands of the Real-Time Economy by responding faster and exercising more control over risk, profitability, and cash flow.
SPECIFIC STRUCTURAL STEEL CHALLENGES
To help manage the complexity and volume of data, structural steel contractors typically implement disparate project management tools but business operations continue to run inefficiently. Why? The wrong technology. Advanced technology is key to helping structural steel contractors operate in real time and deliver projects more efficiently.
THE RIGHT SOLUTIONUnfortunately, most ERP packages are too limited or segmented in their functionality to provide real-time project lifecycle management to structural steel contractors. The solution is to integrate all these functions into one Project ERP system that will enable project-driven firms like structural contractors to create business rules to enforce their critical processes and enable them to run in real time.
With Project ERP software, all their standard processes are documented, and all operations and results are tracked and logged automatically to meet their reporting requirements.
Project ERP software helps ensure the success of structural steel projects by enabling you to communicate expectations, goals, needs, resources, status reports, budgets and purchase requests instantly to the various business functions.
The premise of Project ERP is that accurate and timely information must flow seamlessly between the various business functions. That way you will not only have visibility into what’s going on inside the enterprise, you’ll also have greater control over all parts of the business.
To meet the demands of the Real-Time Economy we deconstructed the common processes for project management and enterprise resource planning and unified them into ADEACA ONE – delivering a platform for how project-driven companies should operate. Our unerring passion for the last ten years has been analyzing, optimizing and reengineering the processes
>Addresses your entire project-based business, not just a part of it. With ADEACA ONE, the functions of ERP and operational project management are different aspects of the same system, working together in concert.
Only this comprehensive structure will enable you to meet the demands of the Real-Time Economy.
Structural steel contractors can meet their project goals and deadlines. Project ERP software from ADEACA will enable structural steel contractors to effectively manage and control client engagements and all related processes while at the same time provide the required real-time insights into business performance.
Request a consultation or demonstration with our experts to learn how ADEACA can bring your structural steel business into the Real-Time Economy.