The supply chain in the construction industry is very complex. The supply chain is constantly changing, varies from project to project and is hard to accurately plan. Therefore, a large problem in the current construction industry is the cost overrun due to bad planning, mismanagement and simply unforeseeable circumstances. To minimize these problems and costs companies must take steps to reduce risks, increase profit margins and the satisfaction of their customers.
New technology and digital changes are coming to the construction industry. This means new opportunities, greater connectivity and greater streamlining of the supply chain. With digitalization comes greater control and simplification of the supply chain. Fewer people need to do less work with less waste. And thus, reducing costs.
These are not all the opportunities that opens through new technology. Cloud based construction management, management completely in-house, improved communication between contractors and much more.