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Showing posts from January, 2023

WHY CONSTRUCTION INDUSTRY NEEDS SUPPLY CHAIN MANAGEMENT?

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The process that any business organization follows from planning to providing the final product to the end user is called supply chain management (SCM). Supply chain management in construction refers to organizing supply flow over several chains. The supplies can be information, labor, or materials. Digital Supply Chain Management Technology has taken the construction industry by storm. It has made it easy for builders to meet clients’ expectations and effective delegation of work. A digital supply chain in construction is the process of connecting all the parties involved in a construction project digitally to enable real-time collaboration and inventory management. This includes suppliers, contractors, and the parties involved in the project. By digitizing the construction process, all parties involved can have visibility into the project at all times, which helps to avoid delays and fragmentations. Elements of supply chain management Elements of SCM may vary from company to company,