Keeping a close eye on job profitability is essential for all project engineering and contract services companies, but it can be particularly challenging for those with many contracts and a large number of staff out in the field every day.
For companies that generate the majority of their revenue by servicing products or equipment, accurate job costing is absolutely vital for building a profitable and sustainable business.
It is universally acknowledged that a business cannot succeed – i.e. grow – without an accurate picture of how much it costs to serve its customers. Despite this understanding, many companies still neglect the process of job costing.
As technology evolves, so do data systems. New architecture means they are now smaller and more efficient. Soon, your legacy system will be obsolete because it simply will not be able to keep up. And businesses need to update and adapt to changes – mobile and e-commerce, for example – so they are not overwhelmed and by-passed.
If you operate a team of Field Service Engineers, you need to keep them all busy, minimise unused capacity, achieve target profitability and then make sure that all invoicing follows automatically. But additionally, you also need to do this cost-effectively. This case study shows that you don’t need to use expensive mobile terminals but can use smart phones to keep a real-time database of jobs and completions.
SAP B1 vs Other guys…like bbc vs sky (gotta have vs wanna have)
