If you work in capital project management, you’re most likely a pro at using Excel. Excels are one of the most traditional tools that project managers use, after all it’s a universal tool with a lot of useful features and functionalities. Project scheduling and costs forecasting can be easy to manage using Excel graphs and macro projects and different data input checks are extremely efficient for maintaining data integrity. Despite all these useful features, there are some areas of capital project business, where Excels don’t work efficiently.

Bendik Pettersen joined us in the studio to answer the question: "Is Excel an efficient tool for tracking materials and deliveries in capital projects"? 

You can read more on the topic here. 

Today we’re talking about how an industrial projects supply chain can be improved with Artificial Intelligence. Juha Kahelin from We Make It Rock Oy joined Veera from LogiNets Oy in the studio. Juha shared his point of view on the topic based on a couple of decades worth of experience in supply chain management in the manufacturing industry.

Global supply chains and capital project supply chains are increasing in complexity for a multitude of reasons, including:

• Increasing complexity and costs in logistics
• Unprecedented shortages of raw materials
• Mounting expectations of speed and efficiency between suppliers and business partners

AI and machine learning provide powerful optimization capabilities, for example through data collection, analyzation and interpretation. During this podcast episode we will dive into the following questions:

• Is there any benefit in integrating AI into supply chain management of an industrial construction project, when projects typically last only 2-5 years?
• What data should be collected on an industrial plants supply chain and how?
• What kind of challenges can project companies expect to face, when looking to integrate AI into supply chains?

After listening to this episode you will know how the AI-powered supply chain can improve the bottom line in your next capital project. 

Want to improve your supply chains efficiency with Juha? Get in touch via:

LinkedIn

Tel. +358(0) 44 5881193

e-mail: juha.kahelin (a) wmir.fi

Businesses in Finland are expected to spend increasing amounts of their revenues on capital expenses as they modernize outdated plants and build new ones that meet intensifying sustainability requirements. Join me in todays episode to explore the questions:

• How well are environmental questions taken into account in industrial projects in Finland?
• What industrial projects set the standard for environmentally friendly projects in Finland?
• What could we do better in future industrial projects?

Julia Lineri, an environmental engineer from Novox Oy, has joined me in the studio to answer these questions.

Read about projects that Novox has worked on here.