by Lauren Stone | Sep 26, 2024
Inaccurate cost estimation doesn’t just cause headaches—it can derail entire projects. By moving away from historical benchmarks and adopting data-driven methods, organizations can improve the accuracy of their forecasts, reduce the risk of overruns, and maximize... by Lauren Stone | Sep 24, 2024
Cost estimation plays a pivotal role in determining the success of any industrial project. In each step of the process, accurately forecasting necessary budgets ensures that projects remain on track and on schedule. However, many organizations still rely on historical... by Rhiana Safieh | Sep 2, 2021
While materials data may seem obscure and intangible, the impacts of an MRO materials cleanse can be identified in various sectors of your company. Following a materials cleanse, one of the most significant benefits to your company can be seen in the return of... by Sophie Strobel | Feb 7, 2017
Your company has heavily invested in its assets and your goal is to see these assets work effectively by generating revenue and cycling money back into the business. Calculating the return on assets can help you to benchmark your company’s profitability. This ratio of...