Navigating the Era of Rising Material Prices: Solutions through Material Procurement and Construction Cost Management

Explaining specific measures such as the utilization of construction cost management systems, reevaluation of suppliers, and the introduction of EDI!

The relentless rise in material prices is putting pressure on the management of the equipment industry. While the revised Construction Industry Law requires appropriate price transfer, it has become difficult to cope with this solely through traditional material procurement and cost management. This article explains specific measures such as strengthening the ability to respond to price fluctuations through construction cost management systems, diversifying suppliers and spreading risks, and digital transformation of procurement operations through EDI utilization. By establishing a real-time cost management system and streamlining procurement operations, it becomes possible to mitigate the impact of rising material prices and secure stable profits. *For more details, please refer to the related links. Feel free to contact us for further information.*

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