E&C Industry

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Why E&C Needs a Digital Transformation (The Urgent Need for Change)

The Engineering and Construction (E&C) industry faces a critical juncture. Traditional methods struggle to keep pace with complex projects, demanding tighter budgets, and the ever-evolving regulatory landscape. A 2023 McKinsey report estimates inefficiencies cost the global E&C industry a staggering $1.2 trillion annually

  • Fragmented Data: Disparate systems create data silos, hindering collaboration and real-time project insights.
  • Inefficient Project Management: Manual processes lead to errors, delays, and difficulty tracking project progress and budgets.
  • Complexities in Supply Chain Management: Difficulty in managing procurement, inventory control, and logistics.
  • Regulatory Compliance: Navigating complex regulations and ensuring project adherence is resource-intensive.
Why E&C Needs a Digital Transformation (The Urgent Need for Change)
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Proposed Solutions: A Unified Approach with Oracle Fusion

Orbrick offers a comprehensive suite of Oracle Fusion solutions designed to address the unique needs of each player in the healthcare ecosystem:

Implement financial management systems that provide detailed job costing, project accounting, and financial tracking to ensure accurate budgeting and financial control.

Utilize project management tools to plan, schedule, and monitor construction projects, ensuring efficient resource allocation, timely completion, and adherence to project timelines.

Deploy procurement solutions to automate the purchasing of materials, equipment, and subcontractor services, reducing administrative overhead and ensuring timely procurement.

Deploy SCM solutions to optimize inventory levels, manage material deliveries, and reduce waste, ensuring that construction sites have the necessary materials when needed.

Implement HCM solutions to manage workforce planning, scheduling, and labor costs, ensuring adequate staffing levels and efficient use of labor resources on construction sites.

Deploy EPM solutions for strategic planning, budgeting, and forecasting, aligning financial and operational goals with the company’s long-term vision and objectives.

Implement financial management systems that provide precise project billing and detailed cost tracking to ensure accurate budgeting, financial control, and profitability analysis.

Utilize project management tools that enable comprehensive project planning, resource allocation, and collaboration among teams, ensuring timely and successful project delivery.

Deploy procurement solutions to streamline vendor management, ensuring timely acquisition of necessary materials and services while maintaining cost control and quality standards.

Implement SCM solutions to efficiently manage the allocation and logistics of materials and resources, ensuring timely availability and reducing operational delays.

Use HCM tools to attract, develop, and retain skilled professionals, providing continuous learning opportunities and managing certifications to meet industry standards.

Deploy EPM solutions for strategic planning, performance monitoring, and analytics, enabling data-driven decision-making and alignment of projects with organizational goals.

Implement financial systems to manage and track the depreciation of plant, machinery, and vehicles, ensuring accurate asset valuation and financial reporting.

Utilize project management tools to accurately cost and schedule projects involving PME, ensuring efficient resource allocation and timely project completion.

Deploy procurement solutions to streamline the sourcing and purchasing of equipment and spare parts, ensuring timely availability and cost-efficiency.

Implement SCM solutions to manage the inventory of spare parts and schedule maintenance, minimizing downtime and extending the lifespan of assets.

Use HCM tools to manage the training and certification of operators and maintenance staff, ensuring compliance with safety standards and enhancing operational efficiency.

Deploy EPM solutions to analyze asset performance, plan for future investments, and align operational activities with the organization’s strategic objectives.

Implement financial systems that provide detailed financial reporting, accurate budgeting, and cost tracking for individual projects and the overall portfolio, ensuring financial control and profitability.

Utilize project management tools to plan, schedule, and monitor real estate development projects, ensuring efficient resource allocation, adherence to timelines, and budget control.

Deploy procurement solutions to manage supplier relationships, negotiate favorable terms, and ensure timely acquisition of materials and services needed for development projects.

Implement SCM solutions to streamline the logistics and distribution of construction materials, reducing delays and ensuring that materials are available when needed at the construction sites.

Use HCM tools to attract, develop, and retain skilled professionals, providing continuous training and development opportunities to ensure a capable and motivated workforce.

Deploy EPM solutions for strategic planning, performance monitoring, and analytics, enabling data-driven decision-making and aligning development activities with the organization’s long-term goals.

Why Orbrick for Your Healthcare Transformation Journey

Orbrick is your trusted partner for a successful digital transformation in healthcare. We offer more than just software solutions:

Ready-to-Use Key Masters

Pre-configured templates for Chart of Accounts, Jobs, Grades, and Inventory structures specific to E&C.

Seamless System Integration

Proven expertise in integrating Oracle Fusion with leading E&C systems like Cerner.

Industry-Specific Solutions

Deep understanding of E&C business processes, tailored solutions to address unique needs.

Actionable E&C KPIs and Reports

Pre-built dashboards and reports for key performance indicators crucial to E&C organizations.

E&C-Specific Extensions and Accelerators

Pre-built functionalities to address common challenges in areas like patient billing, claims management, and regulatory compliance.

Proven Track Record

A history of successful E&C transformation projects, ensuring a smooth implementation for your organization.

And of course, you get all of this with self service (since no one likes to wait in line) and with actionable, real-time analytics. Combine that with our proprietary tools like Orbri and our analytics service like Second Sight – and you have a winning formula that fully supports your vision for your people!

Blogs

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Yes, it’s vast, but we can all do as The Beatles and get by with a little help from our friends! Explore the depths of Oracle ERP with our blogs.

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Implementing ERP with Downstream Applications: Strategies for Decommissioning  Introduction 

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