About...

A Real estate construction firm company is known for crafting luxurious commercial and residential properties, aiming to offer exceptional living experiences. Over the past 9 years, they've managed to complete around 12 lac sq. ft. of construction. Starting with upscale residential projects, they've successfully expanded into commercial spaces and affordable mid-income apartments. This strategic shift reflects the company's steady growth and development within the real estate sector.

The Problem

This company is known for crafting luxurious commercial and residential properties, aiming to offer exceptional living experiences. Over the past 9 years, they've managed to complete around 12 lac sq. ft. of construction. Starting with upscale residential projects, they've successfully expanded into commercial spaces and affordable mid-income apartments. This strategic shift reflects the company's steady growth and development within the real estate sector.

The teams faced the challenge of managing construction materials and supplies, a puzzle that seemed to have missing pieces. The storyline took an unexpected turn with the introduction of extensive documentation, contracts, permits, and legal paperwork, creating a labyrinth of obstacles.

The challenges continued to unravel with manual and time-consuming processes that were akin to plot twists, leading to operational inefficiencies. The teams grappled with the challenge of managing a diverse inventory, facing inconsistencies in stock levels across sites that resembled suspenseful moments of overstocking or stock-outs.

The next challenge delved into the intricacies of executing targeted sales campaigns and promotional activities to attract customers, a marketing challenge that required strategic finesse.

Amidst the complexities, the teams encountered difficulty in assessing project-wise unit economics and performance, a critical subplot that required careful analysis.

Discrepancies in data from various sites added a layer of mystery, making it challenging for decision-making. Managing vendors and suppliers efficiently became a subplot that demanded attention.

And finally, the challenge of ensuring proper financial management, tax compliance, and reporting in the dynamic grocery industry – a climax that would determine the success of the firm’s operations.

In this intricate story of challenges, the project management and operations teams at the construction company were faced with numerous obstacles hoping to turning these pages into a script of a successful and efficient narrative for the future.

The Solution

To address the challenges faced by the project management and operations teams, we at HostBooks implemented HB ERP360 strategic business automation solutions that transformed the narrative.

Firstly, we streamlined project timelines, resource allocation, and cost tracking, ensuring efficient execution.

The introduction of Trend and Sales Forecasting emerged as a pivotal solution, enabling the business to plan inventory procurement and holding capacity meticulously. This not only optimized holding costs significantly but also provided a proactive approach to inventory management.

We further enhanced business control by implementing a consolidated Dashboard for multiple sites, offering a comprehensive overview and improving overall decision-making.

In the Purchasing and Supply area, the adoption of HB ERP60 played a crucial role in controlling and monitoring all purchasing activities, thereby refining buying patterns and costs.

Results and Impact

The result was a streamlined operation that elevated efficiency, facilitated optimal inventory management, and delivered superior customer service. Simultaneously, these improvements led to a reduction in IT infrastructure and maintenance costs, contributing to a more cost-effective and sustainable operational model for the company.