So you have decided that you want to improve the management and operations of your construction company; you have heard that one of the best ways is through the use of an Enterprise Resource Planning (ERP) software specific to the construction industry. However, you would like more information before taking the plunge and investing money as well as time in purchasing a construction ERP. If that is you, then the information below will provide you with further understanding of construction ERP and how it can benefit your construction company.
There are eight key modules that comprise a construction ERP. Each of these modules serves to improve the functions of the various company processes. These modules and their key features are:
These are the Main Modules of Construction ERP:
Project Management & Production
Supply Chain Management (SCM)
Accounting & Finance
But knowing a list of modules doesn't help you much. You need to know their capacities and how they can help your business perform better. Here are the key features of each module:
1. Project Management & Production
- Shop floor routing - Manages your shop floor to ensure that all work centers are at maximal productive capacity. It also provides you with current information about work being done on the shop floor.
- Bill of Materials - Allows you to see each manufactured product and its components.
- Project management - Monitors the various projects in your company to ensure their timely completion.
- Trim nesting - Manages scrap and waste efficiently and cost-effectively.
2. Supply Chain Management (SCM)
- Procurement - Monitors expenses, automate purchases, and streamlines supply chain.
- Purchase order management - Updates vendor and inventory information; monitors purchases for compliance.
- Materials Requirements Planning (MRP) - Manages the purchase of materials with data analytics from sales orders, purchase orders, as well as other metrics.
- Supplier Relationship Management (SRM): Manages vendors to help you optimize your purchasing power.
- Asset management - Tracks equipment so that they can be easily located when needed.
- Item control - Monitors the costs, transactions, transaction histories and location of various items within the company.
- Wireless management system (WMS) - Manages handheld scanners used to collect data about items purchased, manufactured, or utilized.
- Catch-unit items - Automates the calculation of weights and quantity of materials used during production.
- Shipping management - Tracks shipment of items, and optimizes shipping routes and schedules.
- Bill of lading - Prints bills for sales order transactions; generates shipping reports for analysis.
- Load and route management - Manages and monitors the loading of trucks' cargo for optimal efficiency; tracks loaded trucks from origin to destination.
- Expedite tracking - Tracks and documents all purchase and sales orders.
5. Customer Relationship Management (CRM)
- Contact management - Manages all your contacts from one location.
- Opportunity tracking - Optimizes sales and revenue by letting sales reps track and monitor opportunities.
- Lead management - Provides sales reps with tools to work leads thoroughly and close deals faster.
- Sales pipeline - Provides Key Performance Indicators (KPIs) to evaluate the effectiveness of the sales team.
6. Accounting & Finance
- Billing and invoicing - Manages and automates billing processes to track cash flow accurately.
- Accounts payable - Manages expenditures by organizing and storing transactions and vendor information.
- Accounts receivables - Documents customer activity such as purchases, payment history, and available credit.
- General ledger - Provides a complete overview of your company's financial health and well-being.
7. Business Intelligence (BI)
- Document imaging - Creates a business library by storing all relevant documents.
- Key Performance Indicators - Provides metrics that evaluate the performance of the various departments within your company
- Business Process Management - Optimizes the processes within your company for maximal efficiency
- Address book - Vendors, customers, employees, and other key personnel can be kept updated from a single location
8. Workforce Management
- Tasks management - Manages tasks within projects that have been assigned to individual team members
- Time and materials - Tracks time spent as well as materials used on individual projects.
- Scheduling - Monitors and manages tasks that have been assigned ahead of time to sure that nothing falls through the cracks
- Mobile workforce - Allows mobile workers document using their mobile devices.
In addition to the eight modules above, there are other ERP features specifically designed for metal construction companies:
Metal Construction ERP Features:
- Coil tagging and tracking - Monitors metal coils through their lifecycle
- Component order entry - Measures steel components with appropriate units of measure
- Metal Building Manufacturer's Association (MBMA) reporting - Maintains and updates MBMA registration automatically
- Rollformer integration - Eliminates manual data entry and consolidates tasks done on the shop floor
With the information provided above, you are now equipped to proceed with the purchase of a construction ERP for your company. Contact us today so that we can help you navigate this next step.