Effective Materials Management
Reducing Costs and Improving Procurement Efficiency
Ineffective materials management for projects can result in significant cost blow-outs and delays in project completion. Such cost inefficiencies will negatively impact global competitiveness, and owner operators (O/O) and engineering, procurement, and construction (EPC) companies are trying to streamline work processes for their projects.
Innovative technology has the capability to respond best to O/O and EPC business drivers by integrating the entire material and supply chain work processes to provide project teams with online access to information during all project phases – from engineering through the complete supply chain to onsite management. This enables effective materials management, delivering cost savings and improved procurement efficiency.
This white paper will discuss current industry challenges of materials management, the business benefits of implementing an effective materials management system, and highlight the Hexagon PPM methodology to achieve effective materials management for lowered total project and installed costs
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