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Optimizing Construction Operations: TERNA’s Procurement & Warehouse Management Success

// Case Studies

TERNA S.A. – American-Hellenic Chamber of Commerce
 
Company Background
 
TERNA S.A., established in 1972, is a leading Greek construction company specializing in a wide range of public and private projects. Over the years, TERNA has developed expertise in constructing railway and highway networks, high-quality office buildings, hospitals, museums, resorts, hydroelectric plants, dams, harbors, and industrial facilities. In 1999, TERNA merged with GEK S.A., forming the GEK TERNA Group, which has become one of Greece’s largest business conglomerates. As the construction arm of the GEK TERNA Group, TERNA continues to play a pivotal role in delivering complex infrastructure projects both domestically and internationally.
 
Challenges Faced
 

  • Procurement Inefficiencies: Manual processes caused delays in material sourcing and cost overruns.
  • Inventory Discrepancies: Lack of real-time visibility into stock levels led to overstocking or material shortages.
  • Cost Escalation: Ineffective vendor management and delayed payments resulted in higher costs.
  • Coordination Issues: Disjointed communication between project sites and central warehouses caused logistical bottlenecks.

 
Solution: Procurement and Warehouse Management System
 

  • System Deployed: Integrated Procurement and Warehouse Management System
  • Modules Implemented: Procurement Automation, Real-Time Inventory Tracking, Vendor Management, and Reporting
  • Deployment Timeframe: Fully implemented within six months across all major projects and warehouses.

    •  
    Benefits Realized
     

    1. Streamlined Procurement:
    • Automated workflows reduced procurement cycle time by 30%.
    • Vendor management tools ensured competitive pricing and improved supplier relationships.

     

    1. Real-Time Inventory Visibility:
    • Centralized inventory tracking minimized material shortages and overstocking.
    • Improved material allocation reduced waste by 20%.

     

    1. Cost Savings:
    • Consolidated purchasing reduced procurement costs by 15%.
    • Real-time budget tracking ensured projects stayed within financial limits.

     

    1. Enhanced Logistics and Coordination:
    • Integrated system enabled seamless communication between project sites and warehouses.
    • Optimized delivery schedules reduced material transport delays by 25%.

     

    1. Improved Reporting and Compliance:
    • Automated reports provided real-time insights for better decision-making.
    • Simplified compliance with Greece’s regulatory and tax requirements.

      •  
      Outcome
       

      • TERNA achieved a 20% reduction in overall procurement costs and significantly improved warehouse efficiency.
      • The system enhanced coordination across sites, ensuring timely material availability and smoother project execution.
    • This implementation reinforced TERNA’s reputation as a technology-driven leader in Greece’s construction and infrastructure sector.
    • Automated workflows reduced procurement cycle time by 30%.

 

 

 

 

 

 

 

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