The Construction & Operations industry has become one of the largest sectors over the last decade – its worldwide growth driven by rapid urbanization, rising demand for infrastructure, and increased government spending. However, today this sector is at a crossroads. On the one hand, demand continues to rise unabated, while on the other hand, challenges such as increasing complexity of projects, rising material costs, lack of skilled workforce, increased competition, unwieldy document and contract management, and shrinking profit margins are constraining reinvestment, risking the derailment of construction projects. Moreover, inefficiencies in project planning and scheduling, lapses in communication and lack of collaboration between stakeholders have kept productivity levels stagnant.
Companies are thus looking for a robust, stable and reliable digital platform that connects core enterprise processes while also offering flexibility to respond to changes. The solution should give complete visibility across the business, while enabling real-time management of opportunities & proposals, sourcing & procurement, inventory control, equipment/asset management and maintenance, project management and invoicing.
Benefits offered by SAP for
the Construction & Operations Industry
- Eliminates difficulties in keeping track of various departments
- Risk analysis reports to explicitly identify project risk
- Drill down analysis to find the root cause of a problem
- Reduction of overall process costs and maintenance cost
- Overall Improvement in TCO
- Increased business profitability