3 Ways Construction Companies Can Achieve Supply Chain Transparency

The demand for construction services has been on the rise. To cope with this increase in demand, construction businesses will be looking to leverage a global supply chain to procure materials efficiently and with as little risk as possible. However, supplier recovery is expected to be inconsistent and procurement leaders cannot always be assured of material supply levels or delivery timelines.

Deloitte’s 2021 Global Chief Procurement Officer Survey revealed that over a third of suppliers had failed to meet new requirements over the last year and 11% claimed that supplier issues had directly damaged their brand. Construction businesses, which are reliant on a consistent supply of quality materials, must learn from the challenges over the last year and develop a more transparent supply chain that can help business leaders predict and react to potential supply disruptions early. Here are three reasons why traditional methods of supply chain management struggle to accomplish this.

In this article, Tom Stemm – Founder/CEO of Ryvit – gives three reasons why traditional methods of supply chain management struggle to accomplish this and then offers up ideas on how technology can help information flow through silos and improve communication throughout construction projects.