Data, data, data. There’s a lot of it to wrangle when you’re running a business. Managers in modern businesses are called upon to wrestle with enormous volumes of data, quickly and efficiently, while maintaining and nurturing the relationships related to it.
When effectively processed and harvested to optimum effect, data can be an extremely effective support for managing all relevant agreements. The benefits inherent are numerous.
And how does one do that? With a work order management system. This solution is cloud-based and can do so much more for your business than keeping work orders up to date.
So, what can a work order management system do for your business? Let’s find out.
Your vendors and their deft management is an important factor in the success of any given business. Introducing a work order management system means your vendors need to log in and out of your system. This prevents over-charging by introducing an extra layer of control.
You can also grade vendor performance. This allows you to clearly see gaps in performance you may not notice otherwise.
A big picture.
In the data-driven world, it can be tough to see the big picture. You’ve got data coming at you from everywhere, making it difficult to see the daily bottom line. With a work order management system, this problem is eliminated.
Because an OMS allows reports to be customized to your specific needs, you achieve a level of visibility previously unattainable. This can be segmented to address your requirements, targeting your operations regionally, or at specific locations.
This is a key advantage of an OMS, as it can be set to alert you to possible budget overages in the realm of labor, specifically. Workflow is tracked, allowing you to identify areas with the potential for automation.
Understanding the magnitude of savings is possible by starting with a simple formula.
Hourly pay x hours of work = cost of labor. Determining actual savings can be complex, but essentially, you can obtain an estimate with this second formula.
Cost of labor – savings from automation = total saved.
A task which may have taken considerable time with human labor can be reduced to a matter of minutes with automation, so the possibility of savings is enormous and an OMS can highlight areas of potential readily.
Time lost to unproductive workplace behaviors (social media usage), unscheduled breaks and other factors can also be calculated using an OMS, making it clear where improvements in productivity are required.
Automation doesn’t waste your company’s time.
We’ve trusted procurement advisors with a transatlantic presence in North America and Europe. By leveraging a collective indirect spend of more than $850 million, we save you money on your daily business needs.
With strategic vendor sourcing, we get you the best possible rates in several key areas, offering you an additional layer of account management that keeps its eye on the ball and cuts your business’s costs.
Ready to cut your business costs? Contact us.