by LogiNets Oy | May 23, 2023 | Blog, Materials tracking
Capital projects operate in industries which create high levels of waste and emissions, and large projects use vast amounts of resources. As the pressure to move towards cleaner and more sustainable practices is justifiably mounting, the way capital projects are...
by Jost Ehrnrooth | February 23, 2023 | Blog, Materials tracking
After all the thinking and planning that will undoubtedly have been spent on any big project, it is time to finally move to the first concrete step of a project’s lifecycle: procurement. Every project needs resources such as labor, raw materials, equipment and...
by Jost Ehrnrooth | December 23, 2022 | Blog, Materials tracking
Megaprojects are the most complex, time-consuming and costly form of major capital projects, typically categorized as those which cost $1 billion or more. Projects of this magnitude are often characterized by massive organizational supply chains of tens of thousands...
by Jost Ehrnrooth | November 24, 2022 | Blog, Materials tracking
To say that a majority of the world’s population has been directly affected by the global supply chain crisis would be an understatement; it’s hard to see how someone in the world — irrespective of where they live — would not have felt the impact of...
by Veera Huovinen | March 18, 2022 | Blog, Materials tracking
Implementing new capital project software can be challenging, because large industrial plant projects may involve hundreds of suppliers and stakeholders globally. Additional challenges are presented by the fact that capital construction projects are temporary in...
by Veera Huovinen | March 2, 2022 | Blog, Materials tracking
Capital projects across industries are notorious for delays and cost overruns due to their vast scale, complexity, and long timelines. It is estimated that 98% of megaprojects end up running at least 30% over budget and 77% of projects run at least 40% late. According...
by Veera Huovinen | February 14, 2022 | Blog, Materials tracking
Until recently, a lot of the focus on sustainable megaprojects and construction has focused on operational emissions associated with the physical building, such as the new oil refinery, pulp mill or power plant. Reducing waste materials as well as creating...
by Veera Huovinen | February 2, 2022 | Blog, Materials tracking
Material and equipment suppliers in capital projects are typically used to reporting their material deliveries via Excels, emails and phone calls. For example, when a large oil refinery is constructed, the hundreds of different global suppliers typically send details...
by Veera Huovinen | January 24, 2022 | Blog, Materials tracking
If you work in capital project management, you’re most likely a pro at using Excel. Excels are one of the most traditional tools that project managers use, after all it’s a universal tool with a lot of useful features and functionalities. Project...
by Veera Huovinen | January 5, 2022 | Blog, Materials tracking
Procurement and materials can account of for over 70% of an EPCM projects’ budget. Issues with materials management can cause significant financial set backs for the project. One of the fastest ways to produce unnecessary costs is having contractors standing...
