Concentra, a leading analytics firm, successfully won grant funding from Innovate UK to develop a supply chain analytics solution to help the construction industry meet the government’s target of reducing costs by 33% (£45bn) by 2025.
The solution will help securely analyse construction material, equipment and labour supply chains to provide greater visibility and identify areas for improvement in material flows, demand and supply of resources and utilisations over time. Concentra will be building the solution alongside a consortium of construction, supply chain, data and cyber-security experts at WMG, at the University of Warwick and Costain.
As identified in the UK government’s ‘Construction 2025’ report, the UK construction industry will play a key role in driving economic growth. With the global construction market set to expand by 70% by 2025 this solution will be key in helping Britain take advantage of these opportunities.
Andy Birtwistle, Supply Chain Director at Concentra, commented: “There are fundamental weakenesses in the supply chain for construction at present. It is fragmented, transactional and driven by procurement tendering which reduces prices but not necessarily costs. This is a fantastic opportunity to create a new construction model for the UK that promotes an efficient and collaborative supply base.”
Simon Hart, Innovation Programme Leader – Built Environment at Innovate UK added: “The construction industry needs to innovate if it is to meet customer demand for higher performance and to become a dynamic industry. Yet, lack of integration within the supply chain is leading to lost opportunities for innovation. Projects Innovate UK have funded, such as Concentra’s, show great potential in helping the construction industry meet its goals.”
Concentra specialises in developing analytics solutions for high profile companies across private and public industries including consumer, healthcare, pharmaceutical and financial services.
Concentra is a specialist data analytics firm that helps organisations manage and use data to increase their efficiency and profitability. Concentra crafts information tools to solve business problems, partnering with leading technologies such as Tableau, Alteryx, Qlik and Microsoft. Concentra’s own products include OrgVue, a solution for organisational transformation, organisation design, workforce planning and transition management; and SupplyVue, a Supply Chain Analytics and management tool.
Find out more at www.concentra.co.uk
Innovate UK works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy – delivering productivity, new jobs and exports. Our aim at Innovate UK – the government’s innovation agency – is to keep the UK globally competitive in the race for future prosperity.
For further information please visit: www.gov.uk/government/organisations/innovate-uk
WMG, at the University of Warwick, is an academic department of the University of Warwick, and one of the world’s leading research and education groups. They are at the forefront of innovative technology, leading major multi-partner projects to create and develop exciting new processes and products that can lead to major breakthroughs and be of huge benefit to organisations. Their education programmes attract students from across the globe who recognise and the value their approach to research and impact driven education. Professors Janet Godsell, Professor of Operations and Supply Chain Strategy and Carsten Maple, Professor of Cyber Systems Engineering are both experts in their fields, leading major research projects, contributing to government reports as well as being the ‘go to expert’ for media commentary. http://www2.warwick.ac.uk/research
Costain is recognised as one of the UK’s leading engineering solution providers operating in energy, water and transportation. http://costain.com/