Construction projects rely on the efficient management of suppliers & sub-contractors to ensure timely delivery, cost control, and quality standards. However, managing an extensive network of both can be challenging without the right tools and processes in place. That’s where RedSky’s Supply Chain Management solution comes in. Designed to optimise and streamline construction supply chains, this software offers a range of features and benefits that help construction companies achieve project success. In this blog post, we will explore how RedSky’s software can transform supply chain management and drive overall efficiency in the construction industry.
RedSky’s Supply Chain Management benefits:
Centralised Management
Say goodbye to scattered spreadsheets and paper-based systems. RedSky’s Supply Chain Management solution provides a centralised repository for all information. With this software, construction companies can efficiently store and access profiles, contracts, compliance documentation, and performance metrics. By centralising management, construction companies gain quick and easy access to vital information, track compliance, and monitor performance through a unified management system.
Automated Workflows
RedSky’s software enables construction companies to automate workflows, saving time and reducing administrative burdens. With automated workflows, pre-qualification via your own configurable questionnaires can be managed efficiently. By automating this process using RedSky’s intelligent public forms technology it greatly reduces administrative burdens on your teams. Suppliers and subcontractors receive pre-qualification forms automatically via our notifications engine, minimising the need for manual intervention or copy-pasting.
Real-time Data Analytics
Keeping track of performance is crucial for project success. RedSky’s Supply Chain Management solution empowers construction companies with real-time data analytics capabilities. Metrics such as on-time delivery, quality performance and compliance can be tracked and analysed in real-time. By leveraging these insights, construction companies can identify potential issues before they escalate, take proactive steps to address them, and make informed decisions regarding future opportunities.
Communication and Collaboration
Effective communication and collaboration are essential for successful supply chain management. RedSky’s software provides a centralised communication platform, enabling seamless communication between internal teams and your supply chain. Project requirements, timelines, and expectations can be easily communicated, leading to improved project outcomes and enhanced performance. Collaborative project planning and execution become a breeze, further boosting overall efficiency.
Mobile Access
In today’s fast-paced construction industry, having mobile access to data is crucial. RedSky’s Supply Chain Management solution offers mobile access, allowing field teams to access real-time data and communicate with subcontractors on the go. With mobile access, construction companies can enhance efficiency, reduce administrative tasks, and stay connected with suppliers & sub-contractors, even in the field.
Vendor Register
RedSky’s Supply Chain Management solution includes a Vendor Register feature. This feature enables construction companies to maintain an updated list of approved and unapproved vendors. The Vendor Register stores essential supplier & subcontractor information, such as contact details, qualifications, capabilities, and insurance documentation. By having a centralised Vendor Register, construction companies can quickly find approved subcontractors for their projects and tenders, ensuring the right capabilities and capacity are available when needed. With RedSky’s software, you have control and ownership over your own supply chain database, which becomes a valuable company asset essential for delivering company growth.
Document Store
Construction projects generate a vast amount of documentation. RedSky’s software provides a Document Store feature, where construction companies can securely store and manage vendor-related documents. This feature allows for easy document retrieval, ensuring that important files and compliance documentation are readily accessible to relevant stakeholders. With a centralised Document Store, construction companies can maintain compliance, track revisions, and facilitate efficient collaboration.
Views & Search
Navigating through large volumes of data can be time-consuming and challenging. RedSky’s software offers Views & Search functionality, allowing construction companies to create customised views and perform advanced searches within the system. By defining specific filters and criteria, users can quickly find the information they need, whether it’s related to capabilities, key contact information, or compliance records. Views & Search streamline data access, improving user efficiency and productivity.
Reports and Notifications
RedSky’s Supply Chain Management solution offers robust reporting capabilities, as well as easy-to-use dashboards for managing business KPIs. Construction companies can generate reports on subcontractor performance, compliance status, order values, and other key metrics. These reports provide valuable insights for decision-making and help identify areas for improvement. Additionally, the software provides notifications and alerts, ensuring that the supply chain stays informed about upcoming expirations or the need for resubmission of forms. Reports and notifications enable proactive management and timely actions.
Bid Tracking
The Bid Tracking feature in RedSky’s software simplifies the procurement process for construction companies. With this feature, construction companies can track and manage the entire bid lifecycle, from initial requests for bids to the evaluation and selection of pre-approved supply chain partners. Construction companies can maintain a comprehensive record of bids, including bid details, documents, and comparison data. Bid Tracking ensures transparency, standardisation, and efficiency in the selection process.
The Bid Tracking and Management Tools also support the scoring of bids against your key business metrics, commercial, quality etc. The configurable scoring methodology of subcontractor performance allows you to define and prioritise the criteria that matter most to your organisation.
Integration with RedSky ERP
To further enhance the construction management process, RedSky’s Supply Chain Management solution seamlessly integrates with RedSky’s ERP. This integration enables the flow of data between the supply chain management module and other core functions, such as project management, financials, and procurement. By integrating these systems, construction companies achieve a holistic view of their operations, eliminating silos and improving data accuracy and consistency. In addition, it can control the issuing of orders and payments, should someone become unapproved or suspended. The modern REST API ensures smooth integration with not only RedSky’s ERP but other third-party tools and systems.
Addressing Industry Challenges
The construction industry faces various supply chain challenges, including rising risks, unexpected delays, cost control, collaboration, and data synchronisation across the supply chain, increasing freight prices, demand forecasting difficulties, and the need for digital transformation. RedSky’s Supply Chain Management solution is designed to address these challenges head-on. By providing a single repository for supply chain intelligence, enabling effective risk management and governance controls set by you, as well as offering notification and alert features, construction companies can mitigate risks, overcome challenges, and ensure seamless project execution. With RedSky’s software, you gain visibility of “flagging” subcontractors by site managers, as well as visibility of the total contract values exposure with any one subcontractor, helping you control the risk of overloading trusted subcontractors.
Conclusion
In the fast-paced and competitive construction industry, efficient subcontractor and supplier management is crucial for project success. RedSky’s Supply Chain Management solution offers construction companies a comprehensive software suite to streamline their supply chain. By centralising management, automating workflows, leveraging real-time data analytics, facilitating communication and collaboration, and providing mobile access, construction companies can achieve improved efficiency, better project outcomes, and a competitive edge in the market. With customisation options, intelligent public forms technology, automated notifications, modern REST API integration, and control over your own supply chain database, RedSky’s software empowers you to optimise your supply chain and unlock its full potential.
