The True Cost of Inaccurate Material Tracking
When you don’t have a real-time handle on material usage, you expose your business to a host of expensive problems:
- Cost Overruns: Without knowing exactly what materials were used on a specific task or cost code, it’s impossible to know where a budget is going off the rails until it’s too late.
- Inaccurate Job Costing: True profitability can only be calculated by weighing all costs against revenue. If your material data is delayed or inaccurate, your job costing is fundamentally flawed.
- Waste and Theft: Materials left over, damaged, or lost on a job site are pure profit loss. A robust tracking system makes it easy to spot discrepancies and hold teams accountable.
- Poor Future Bidding: How can you confidently bid on the next project if you don’t have precise data on how much material the last one actually required? Accurate historical data is the key to competitive and profitable bids.
Gain Real-Time Control with mJob
Waiting for paperwork to catch up is no longer an option. mJob extends its powerful, field-first data collection capabilities to material reporting, giving you the same real-time visibility you have with your labor.
Here’s how mJob closes the loop on job costing:
- Field-Based Data Entry: Your foremen and crew leads can easily report material usage directly from their mobile devices on the job site. No more waiting for crumpled receipts to make it back to the office.
- Assign to Cost Codes: Don’t just track what was used; track why. mJob allows your team to assign materials to specific jobs, phases, and cost codes, giving your project managers incredible detail and control.
- Instant Visibility: As soon as materials are entered in the field, the data is available to your team in the office. This allows project managers to monitor budget vs. actuals in real-time and make proactive decisions to keep projects on track.
- A Complete Picture of Profitability: By combining precise, real-time labor data with real-time material data within the same system, mJob provides a complete, accurate, and immediate view of your project’s financial health.
Stop Guessing, Start Knowing
Your materials are one of your biggest investments; it’s time to track them with the same level of importance as your labor. By empowering your field staff to capture this critical data, you can eliminate guesswork, reduce waste, and build more accurate bids for the future.
Ready to get a complete view of your job costs? Contact mJob today to learn more about our material reporting features and schedule a personalized demo!