EPC refers to projects involving engineering, procurement, and construction. The term ‘Order fulfillment’ is commonly used to describe the act of distribution (logistics) or the shipping function. In a broader sense, it refers to the many ways firms respond to customer orders, and the processes they follow to move sold products or services to a customer.
Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer’s requirements.
The challenges facing the construction industry include labor shortages, stagnant productivity level, safety and adoption of technology. The construction industry is not attracting enough talent to meet growing demand. Firms are having trouble finding qualified workers. Workers in construction are aging out and retiring at a faster rate than the younger generation is coming in.