In 2021, the National Association of Home Builders (NAHB) reported that more than 90 percent of builders experienced a materials shortage. Deliveries that generally take several weeks can turn into months. Projects get delayed, and the domino effect ensues, which impacts labor availability, budgeting, permitting, etc.
Luckily, NetSuite and FullClarity combine to create a dynamic ERP for construction solution that can help. With this combination, companies in the construction industry can increase resilience and adaptability in the face of supply and procurement challenges.
What are NetSuite and FullClarity?
NetSuite is a fully-integrated ERP with CRM, commerce, WSM, and many other core business systems under the same platform. FullClarity is a construction management system that was built inside NetSuite. This ERP for construction solution extends a world-class back office and business management platform with automated construction management functionality.
All data is shared for a single source of truth and updated in real-time. Plus, the NetSuite and FullClarity combo are accessible on-demand by anyone anywhere in the world with an internet connection.
For the construction industry, this means teams on the job site, operations, sales, and more have access to the same real-time data.
How does ERP for construction help with supply & procurement instability?
In short, customers will have better visibility, enhanced communication capabilities, and greater operational efficiency because actionable information and forecasting are always available.
Better Visibility and Operational Efficiency
Since all data is shared and updated in real-time, everyone from project managers on the job site to back-office personnel can check schedules, resource allocation, budgeting, and much more. Each piece of critical data is available within the same platform in just a few clicks.
For example, FullClarity’s Gantt chart functionality enables timeline management within a visual interface inside NetSuite. Customers can create complex logic and dependencies with alerts and notifications based on specific labor, budget, or materials thresholds. Key decision-makers can oversee project timelines and schedules along with real project costs and committed costs.
If there is a materials shortage, reallocation efforts and adjustments can be initiated more proactively with the Gantt chart, notification configurations, and forecasting capabilities of NetSuite and FullClarity.
With this ERP for construction combination, customers can adapt to timelines dictated by supply availability and pricing rather than traditional approaches.
Better Communication and Operational Efficiency
The end-to-end visibility, automation capabilities, and flexibility of this platform help eliminate many of the information silos within the construction industry.
For instance, teams in the field are no longer disconnected from budgeting, project management, project accounting, and the core accounting needs of the organization. All systems are integrated and can be connected with field solutions such as ProCore or Autodesk. NetSuite and FullClarity can easily integrate with a variety of other solutions.
Everyone can be on the same page, and automated notifications can be configured within this ERP for construction solution to keep it that way.
Additionally, procurement orders can be issued to vendors directly from the platform, and the Gantt chart can inform the schedule and labor needs throughout the lifecycle of a job.
If there is a materials or supply shortage, construction companies will have fewer questions and angry calls to/from the field because everyone has access to the same data. The notifications and automation also create less guesswork and less waiting for updates or answers. Here are three reasons to upgrade your construction solution.
Closing about this ERP for construction combination
The combination of NetSuite and FullClarity enable companies to build connected capabilities for more data-driven decisions, better control over costs and schedule variances and ensure timely project delivery across multiple sites.
With this level of control and visibility, companies in the construction industry are more capable and resilient when facing supply and procurement instability and other external challenges.