omni – construction erp
TRANSCRIPT
![Page 1: OMNI – Construction ERP](https://reader034.vdocuments.pub/reader034/viewer/2022051521/58703fad1a28ab4e2c8b5ea7/html5/thumbnails/1.jpg)
OMNI – Construction ERPSaving Cost / Saving Time
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Track Profits•Monitor Profitability Item by Item
▫Load Direct Cost + Overhead▫Set a Benchmark Profit Margin
•Red = Item Profit Margin Below Benchmark•Green = Item Profit Margin Above Benchmark
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Track Progress• Contractor
Progress Item-by-Item▫ Actual &
Estimate-To-Complete
▫ Visual Confirmation of Work Done and Work Remaining
▫ In terms of Value or Quantity of Subcontractor’s Work Item
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Track Progress….•Activity-wise Progress
•%age completion by Quantity•Accurately Forecast Completion Dates
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Progress KPI….
•Compare Invoiced Amount with Time Elapsed•%age completion
•Present Customer Invoices On-Time.•Ensure that Working Capital Usage is
Optimized.
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Budget vs. Actual in P&L•Create Budget from Estimate•Track P&L Performance
▫Project-wise, Monthly
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Track Price• Monitor Price Trends in Material.• Purchase at the Right Time at the Right Price.• Extrapolate Future Prices.
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Track Working Capital•Monitor Contractor Invoiced vs. Client Invoiced.
▫Quantity-wise and Amount Wise•Reduce Variance = Reduce Working Capital
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OMNI Payback through Cost Savings• Project Size = 5B INR (500 Cr.)• Total Overhead Cost @ 9% = 450M INR (45Cr.)• 30 Month Project – Monthly Overhead 15M (1.5 Cr.)
▫Monitor Progress - Improve Subcontractor Productivity by 10%
▫Project Time Reduced by 3 Months▫Indirect Cost Savings = 3 X 15 M = 45M INR (4.5 Cr.)
• Reduce Material Cost – Track Trends and Purchase when Prices are on a downswing
• Certify Contractor Bills Online – Have customer certify Invoices Online
• Ensure that Customer Invoices are Presented on Time▫Reduce Working Capital – Save Interest