FOUNDATION FRAMEWORK
Planning and forecasting
The retail industry constantly has to plan and forecast for major calendar events , adjusting product stocks and inventory based on previous sales data and statistics . Construction has various industry elements that could benefit from greater forecasting for large-scale projects using data gathered from jobs of similar sizes .
This will also allow for better preparation when it comes to holidays and seasons , where more work is seen . For example , if you ’ re expecting to see more projects commissioned in the summertime when the weather is better ( so less downtime from rain and adverse weather ), businesses in the industry can order materials well in advance to be ready to get straight to work .
Management and sustained improvement
While change is necessary for industries to continue advancing , maintaining the level of improvement while also delivering exactly what construction projects require is crucial . This is something that retail has shown to be capable of , constantly incorporating and exploring new technologies , training schemes , quality control methods and many other elements to keep delivering consumers seamless shopping experiences .
By being adaptable to market trends and demands , the construction industry can add flexibility to projects of all sizes . �
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