Why track inefficiency

We talked about the measured mile analysis as the preferred method for quantifying inefficiency. But be careful, the biggest hurdle that a contractor has to overcome when using the bid as the basis of measurement of inefficiency is that it has to demonstrate that the planned rates of productivity in the bid were reasonable and achievable. Lastly, we also talked about the use of experts or published industry standards.

In most cases, those approaches alone do not convincingly demonstrate the impact. Last but not least, question every submission that comes across your desk. And, similarly for owners, question everything. Test even the obvious. Be prepared to dig into the details. Truly understand the calculation the contractor is using as the basis of its cost.

The key is understanding the difference. He loves to get questions at mark. Be sure to check your email after signing up! Establish Standard Processes You have to find a way to properly track both the work completed and the resources expended to complete that work, in order to perform a productivity or inefficiency analysis either during the project or after the fact.

How Do We Do That? An accurate time tracking system such as WorkflowMax can be the difference between a profitable job and one that doesn't even exceed overheads. Time tracking helps you to measure what you've done and plan for the future — so what are you waiting for? Get tracking! How has time tracking affected your business's bottom line?

Start today. See the full range of features WorkflowMax can provide your business View all features. Grow your customers Build better efficiency Get paid your worth Drive profitability Customise to your needs. Lead manager Client manager Quoting Document management. Job, task and staff management Time tracking Collaboration manager Mobile. Work in progress manager Invoicing Xero integration Reporting. Custom print templates Notifications Custom fields.

Creative agencies. Business consultants. IT services. View setup partners. Get the Guide on Moving from spreadsheets to software.

Get the guide. Want to join us? Become a partner. Get set up Get help Find resources Partner with us. Premium implementation with an expert Guided implementation with an expert Self-paced implementation course. Online support centre Need help? Contact us Meet the team. Watch a live or on demand webinar Read the blog Visit the resource library.

Become an advisor Become a setup partner View setup partner directory. Enjoy a 14 day free trial when you sign up today No credit card required. Steff Green 5 min read WorkflowMax. And doing it retrospectively can be a pain.

There are several reasons you might have avoided it in your business until now — the most common being: Lack of time: Ironic as it sounds, setting up a system and training business staff to use it is time-intensive. For those of you ready to take the leap and uncover the real business value of ERP, head over to this page and start exploring solutions now.

The benefits of ERP for distribution and logistics companies are many. Specifically, it provides you with a unified logistics solution, allowing you to streamline processes and your supply chain from A to Z.

Enjoy detailed demand planning, More Efficient Reporting and Inventory Management, enhanced automation, increased visibility, and improved customer service.

See how this is all possible. Sifting through your ERP requirements and prioritizing the right features is an essential first step. How did you prioritize your ERP requirements in the past? It can help you budget in the first place. Studies have shown that half of small businesses do not even have a projected budget for the year. But without a budget, how can you truly track financial performance? Contact Us Support. Written by Laura Schomaker.