WEBINARCritical Impacts of Procurement on Cost Management
May 24th at 11 am PST / 2 pm EST
How digital procurement results in effective cost management and financial tracking
According to data from the National Electrical Contractors Association (NECA), 34% of every subcontractor’s job cost accounts for the cost of materials. Moreover, research has shown that approximately 40% of the labor on a job goes to material handling in some form, giving a potential of almost 17% of the revenues that can be converted from the cost of labor to bottom-line profits. In reality, 100 percent of the time spent on material handling cannot be recovered by the contractor, yet, reducing overhead and improving tracking has a dramatic impact on the project management and financial results.
In this webinar, hosted by StructShare + Procore, we will have a broad discussion about the importance of automating the procurement process to give contractors real-time visibility into their costs and project financial status, while saving them time and money. Join us with other thought leaders including ELECTRI International and Graybar as they share their perspective on how this continues to affect the construction supply chain industry today
Various touch points where procurement impacts your job costs management and productivity levels
The true implications of traditional procurement methods on project margins and financial management
Effective ways to better connect procurement data to project budget
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Graybar, Director of Customer Markets
Electri International, Executive Director
Procore, Partner Integration Manager
StructShare, Co-Founder and CPO
StructShare, Director of Customer Success