How can the building industry break free of the boom and bust cycles and achieve genuine change?
The construction industry ended 2015 on a high, as was widely reported across both industry and mainstream media, with output growth recovering from the recent low. House building also experienced an upsurge.
How can the UK construction industry capitalise on this upturn, with the thorough-going changes needed to drive longer-term success?
Over the next few months, we will be exploring the concept of Constructive Transformation and how it can help deliver projects on time, within budget and to required levels of quality and compliance. We believe that this systematic approach will help increase satisfaction, loyalty and retention, and will also enhance organisation-wide reputation with customers, supply chain partners and employees alike.
WHAT IS CONSTRUCTIVE TRANSFORMATION?
To lift the building industry from the constraints of today's boom and bust cycles, we believe that a three-pronged approach is needed:
CONTROL
We'll be drawing on our extensive industry experience to discuss the control mechanisms, in business-critical areas such as cash flow, that organisations need to have in place in order to grow. With today's market volatilities, risk management is also important, so we look at ways of improving collaboration with critical stakeholders such as supply chain partners and increasing visibility of all activities across the enterprise and beyond. We look at the step change that today's technologies are making to transform visibility.
EFFICIENCY
To free up resourcing for transformational change, organisations need to run their projects as efficiently as possible, so once you have achieved full visibility, it's time to take a hard look at resourcing and processes. It's a fast-moving world, so it's not simply a matter of 'doing more with less', decision-making also needs to be smart and responsive to change, and take in the big picture as easily as possible. We'll be looking at the technologies and approaches that are breaking through the silos that persist in many supply chains.
INNOVATION
We'll take you through some of the initiatives that forward-thinking organisations are delivering right across the UK to deliver on the enormous potential of the UK building industry. But just as importantly, we'll be previewing some of the emerging technologies currently coming on stream and their exciting potential for our industry. We're keen to foster a culture that encourages and embraces new ways of working in order to make continuous improvements in quality and productivity.
GIVING YOU A SNEAK PREVIEW
Among the topics we'll be discussing are:
Risk management in the supply chain, including resolution of subcontractor disputes
How best to monitor subcontractor performance in construction projects
Best practice in identifying and mitigating bad debt in the supply chain
Aligning financial controls with the big picture of UK planning permission applications
MAKE YOUR VOICE HEARD
So what does the UK construction industry look like behind the alternating headlines of growth and slowdown, the talk of north and south, and even east and west, divides?
We've got some great content lined up that will build a clear picture of Constructive Transformation today.
And you can help us by adding your own experiences to the mix.
Today, we are launching our industry survey. So wherever you work in the industry, whatever your role, make your voice heard and complete our survey today. It only takes a few minutes to complete, and we'll send all respondents a complimentary report of insights and detailed findings from The Constructive Transformation UK Survey Report.
