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ERPNext
Industry
Engineering (EPC)
open source for engineering, procurement and construction industry
ERPNext for engineering, procurement and construction (EPC) industry
Engineering, Procurement and Construction (EPC) projects are tough. Even if you do everything right, there’s so much that could go wrong. Raw material prices could fluctuate, deliveries could get delayed, unfavorable environmental conditions could halt work, and obtaining permits and complying with regulations can take longer than anticipated. There’s so much that’s out of your control. What is within your control is how you manage your project. That’s where ERPNext can help you.
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Engineering (EPC) companies trust ERPNext worldwide
Manufacturing companies trust ERPNext worldwide
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Why EPC companies choose ERPNext?
Always get the full picture
EPC projects are expansive and it can be difficult to keep track of all the moving parts. ERPNext lets you view all the key data related to your project in one place. Monitor project progress, view linked documents, track activity, see expenses incurred, compare actual costs with estimated costs. Make sure no detail falls through the cracks.
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Never miss an expense
ERPNext lets you link expenses directly to projects. Labour costs can be linked using timesheets, reimbursable payments through expense claims, material purchases through purchase invoices, and so on. This provides a comprehensive view of the expenses associated with a project and lets no charge go unnoticed.
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Don’t let minor delays affect your timeline
In ERPNext, every project is broken down into tasks and these tasks can all be viewed in the form of a Gantt chart, which lets you see how changes to any task’s timeline can affect the rest of your project. This allows you to identify issues quickly and take corrective action so minor delays don’t snowball into major ones.
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Prevent cost overruns
Keeping costs low without compromising on quality is never easy, but ERPNext helps make it a little simpler by letting you create budgets against projects. Once a budget is set, you can configure ERPNext to stop or warn you if you try to make a transaction that’ll make you exceed it.
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Track project-level inventories and assets; plan re-orders
We understand how important it is to get a single view of your inventory, especially when your project locations are scattered in multiple locations. With ERPNext, you can tag each warehouse to reference your project location and track, move, and plan inventory better. Prevent material shortages by forecasting demand and predicting reorder points and quantities based on past data. ERPNext can also replenish stock automatically by creating Material Requests if it falls below a minimum threshold. This helps you reduce waste and prevent stockouts by letting you order only what you need.
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Track percentage of completion
EPC projects are often billed based on the percentage of completion of the project and ERPNext lets you track this in four different ways. Projects can be divided into tasks and project progress can be measured by the number of tasks completed, the percentage of progress of the constituent tasks, based on weights assigned to tasks or manually. This ensures that you never miss a milestone.
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No compromising on quality
The sheer size and complexity of EPC projects can make it difficult to maintain high standards of quality across all phases of the project. Setting up quality inspections on ERPNext can help you ascertain that any goods or services provided by a supplier or a subcontractor meets your standards before you accept them.
Only work with the best suppliers
It only takes one bad supplier to make your plans go awry, so keep track of item quality, delivery and responsiveness using supplier scorecards. Sort suppliers based on performance and use supplier standings to restrict poorly performing ones from being issued quotation requests and purchase orders.
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Complete projects faster with subcontractors
Employing third parties to perform tasks for you allows work to be done on multiple phases at the same time, thereby leading to faster project completion, but managing them can be a hassle. ERPNext makes this simple by keeping track of contract terms, timelines and deliverables. It also helps you transfer raw materials to your subcontractors with ease.
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Process payroll accurately
EPC projects involve a lot of people, like employees, freelancers and subcontractors, who might all work different hours at different rates. A rigid salary structure might not be enough to compensate them, you’ll probably need to track employee attendance, timesheets and labour costs instead. ERPNext allows you to create salary slips based on timesheets and hourly rates, or even create them manually.
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Make sure everyone’s on the same page
With the amount of data that EPC projects generate, it can be difficult to avoid miscommunication and ensure effective coordination across different teams. ERPNext tries to keep everyone in the loop through project discussion threads, task assignment, automated workflows and document sharing. It can also grant people access to documents based on roles, which means that anyone involved in the project, even your customers, can monitor project progress and provide inputs. You can even send reports on the progress of your project automatically to all your stakeholders at a preset frequency.
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Get deeper insights into your project
ERPNext lets you visualize data in the form of trees, gantt charts, kanban boards and dashboards, which allows you to quickly notice and correct any issues that may arise. It also has a host of reports which provide insight into different aspects of your project. You can even view project profitability on an employee level or create custom reports.
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