Procurement Practices

Staying one step ahead: leveraging automation for a competitive edge

Eric Helitzer
,
August 1, 2024
Automation of certain tasks is key within the construction industry, finding ways to help companies work smarter, not harder. It addresses many of the industry's challenges, from labor shortages to managing large amounts of data, and ensures that companies can operate efficiently and competitively.
Let’s explore the impact of automation and why it matters for your business.

Why does automation matter?

Ongoing labor shortages are one of construction's biggest challenges, especially at the subcontractor level. Finding resources for handling manual tasks such as data entry is hard, which is why automation is so key.

Automation helps eliminate the need for time-consuming manual tasks, allowing companies to better utilize their existing workforce for higher level tasks. Software can efficiently perform repetitive or time-consuming tasks, freeing up resources and reducing the risk of human error.


What are the current challenges in material procurement?

One of the biggest challenges currently in material procurement is effectively managing the massive amounts of data generated daily. This involves tracking every order status, material delivery updates and vendor responses, which is nearly impossible with manual traditional methods. Automating logs that update this data in real time allows companies to keep track of everything efficiently.

What does SubBase offer in terms of automation and how does it help with material procurement?

SubBase offers a range of controlled automation from the moment requests come in from the field, with workflows that seamlessly integrate between the field, vendors and office teams.

  1. Automated material database queries: Allowing you to easily find items without manually entering the information.
  2. Real-time access to historical data: View past material costs instantly.
  3. Automated logs and workflow statuses: See order confirmations, deliveries, and quotes in real-time, without searching through email communications or file trees.
  4. Improved visibility and efficiency in material procurement: Streamlines processes and improves the overall efficiency of procurement with real-time reporting.

However, one of SubBase’s most valuable automation processes is automatic invoice reconciliation. This helps ensure that companies keep track of all incoming invoices and can accurately track their budgets in real-time.

This significantly reduces the time spent manually entering data into an accounting software, improves vendor relationships, and enhances budget tracking with spend management.

How does automation enhance collaboration?

Automation helps to enhance collaboration by providing real-time updates and increased visibility across field and office teams.

For example, the automation of order logs means everyone can access real-time information without waiting for manually inputted updates. Automatic invoice reconciliation allows field and office staff to see outstanding payments in real time. This access to up-to-date information allows for collaborative and informed decision-making.

SubBase centralizes information, enabling all team members to collaborate efficiently in one place - eliminating the need for multiple external conversation streams. This saves time and reduces the risk of errors, ensuring everyone works with the most current data available.

How will automation affect the future of material procurement?

Material procurement is heavily data-driven, and automation and machine learning are set to play a key role in managing this data in the future. Automated technologies will improve purchasing decisions by simplifying and standardizing material databases, bridging the gap between contractors and vendors.

Automation will also play a key role in enhanced budgeting and forecasting, allowing companies to predict material pricing trends and manage their spends accurately in real time. This level of accuracy is only possible through automated technology, creating a more efficient and data-centric working environment.

How does automation help to stay ahead of the competition?

Utilizing a controlled and automated workflow through SubBase provides a competitive advantage in several ways; instant access to real-time data allows for faster response times for vendors and with the time saved in manual data-entry, companies are able to market themselves more efficiently to general contractors.

Advanced automated technology can also be a draw for a great talent pool within your workforce.

SubBase users can interact with vendors efficiently and quickly, resolving issues and managing their orders. Those not using automated systems must manually track these requests and risk falling behind. Companies that are adopting automation are staying ahead of their competitors. 

SubBase's automation capabilities streamline material procurement, enhance collaboration, save time, and drive innovation to maintain a competitive edge. Embracing automation is crucial for future success in the construction industry.

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