Overcoming Challenges In The Construction Business Using Custom ERP

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Overcoming Challenges In The Construction
Business Using Custom ERP
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• The construction industry faces a number of
  challenges on a regular basis owing to a complex
  network of workforce activities. Most of these
  challenges are inevitable, irrespective of the
  size of a construction business. That said, we
  can only take steps to mollify them rather than
  eradicating the possibility of facing such
  roadblocks. Moreover, the construction industry
  has become increasingly complex and
  customer-centric, thereby imposing immense strain
  on the workforce. It is, therefore, essential
  that we have a centrally managed ERP system in
  place to efficiently run routine operations with
  minimal complexities.
• In this blog post, we shed light on the most
  common challenges faced by businesses in the
  construction and real estate industries.
  Subsequently, we shall discover the benefits of
  custom ERP for construction businesses and how it
  helps overcome potential challenges.

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• Top Challenges Prevalent In Construction Business
• Given below are some common challenges faced by
  companies in the construction business. At the
  same time, we explain how implementing custom ERP
  for construction management can help overcome
  these challenges.
• 1 Lack of Effective Planning
• Building public/private and commercial
  infrastructure requires unabridged planning and
  effective execution of planned tasks.
  Understandably, the more time and effort you put
  into planning, the better will be the execution
  of tasks. Nevertheless, many construction
  companies generally fail to give ample time and
  effort in project planning. Moreover, they brush
  aside from using business intelligence tools that
  may help them plan things better with intelligent
  business forecasts. In dearth of an effective
  project plan, businesses are more likely to fail
  and face a number of challenges and roadblocks
  throughout the project completion lifecycle.
• ERP software implementation renders ample support
  for construction planning through a series of
  modules and applications that are focused on
  project planning and execution. Besides, it gives
  access to advanced analytics and reporting
  capabilities to help businesses gain valuable
  insights into their day-to-day operations.

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• 2 Communication Gap
• The communication gap is yet another challenge
  that most construction companies face while
  managing their workforce and on-site activities
  all along. Besides, many companies have
  inadequate means for data sharing which often
  causes hindrance in efficiently running their
  routine operations. The lack of communication may
  lead to several problems like unwanted project
  delays and faulty execution of tasks which may
  add up to whopping losses.
• Custom ERP development bridges the gap between
  project planning and execution of tasks by virtue
  of business communication modules. It helps
  design and develop a custom messaging and
  business communication app with features like
  voice/video calling, chat support, multimedia
  options, video conferencing, and more.

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• 3 Ineffective Decision-Making
• Ineffective decision-making is a major concern
  for most businesses as it may cause whopping
  losses and irreversible damage to the companys
  reputation. There are innumerable examples of how
  a futile business decision proved disastrous for
  a construction company where some decisions even
  caused permanent closure or cessation of the
  company.
• Custom ERP for construction companies provides
  access to several BI tools that are conducive to
  predicting future outcomes by virtue of advanced
  algorithms for accurate business forecasting. As
  a result, it helps take smart business decisions
  with calculated risk to prevent losses and
  maximize profit margins.
• 4 Productivity Loss
• Project delays and productivity issues are quite
  common in the construction business that may be
  the result of ineffective workforce management.
  Nevertheless, these issues may have a major
  impact on the overall business performance and
  profitability. Besides, productivity losses are
  majorly responsible for depleting or dwindling
  profit margins and may yield reduced ROI.
• Evidently, the use of a robust ERP system enables
  construction companies to steer clear of
  productivity issues by streamlining complex
  business processes. At the same time, it helps
  make their enterprise systems future-ready and
  build more resilience for the future.

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• Why Choose Oodles For Custom ERP Application
  Development?
• We are a seasoned ERP application development
  company that specializes in building custom
  enterprise solutions from scratch. Our
  development team uses agile methodologies and
  next-gen technologies to build feature-rich
  software solutions with custom features. We use
  open-source software platforms like Odoo, OFBiz,
  ERPNext, and Opentaps to build enterprise-grade
  business applications that are easy to scale. Our
  end-to-end ERP software solutions cater to the
  diverse needs of businesses associated with all
  major industries including healthcare,
  manufacturing, real estate, logistics, supply
  chain, eCommerce, and more. To learn more about
  our custom ERP application development services,
  contact us at erp_at_oodles.io.