Sources: Summit Materials Inc., Denver; CP Summit Materials Inc. has entered a definitive agreement to be acquired by Atlanta-based Quikrete Holdings Inc. for $52.50 per share in a cash transaction valued upward of $11.5 billion. Summit directors have approved terms of the offer unanimously and will recommend shareholders vote accordingly ahead of a planned transaction closing during the first half…
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Profit Characteristic Curve
Quantifying the relationship between ready mixed concrete customer price and last-mile logistics productivity A ready-mix concrete producer’s profitability is heavily dependent upon a robust revenue management strategy. Linking customer product price and last-mile logistics metrics allows managers to evaluate each account’s profit contribution. The profit relationship between customer price and last-mile logistics productivity is defined as the Ready-Mix Profit Characteristic…
Read MoreSysdyne: Software APIs, interoperability net ‘ideal technology stack’
Connecticut-based Sysdyne Technologies has significantly eased the effort required to facilitate communications across construction materials software systems via an open, highly flexible approach, including Application Programming Interfaces (APIs) and full-suite interoperability. In contrast to the industry’s closed, rigid and dated technology mixes, company programmers have been keen on creating a cloud-native, end-to-end solution portfolio. The latitude and design control such…
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Read MoreSysdyne underscores the promise of software APIs, interoperability
Source: Sysdyne Technologies, Stamford, Conn.; CP staff Sysdyne Technologies has significantly eased the effort required to facilitate communications across construction materials software systems via an open, highly flexible approach, including Application Programming Interfaces (APIs) and full-suite interoperability. In contrast to the industry’s closed, rigid and dated technology mixes, company programmers have been keen on creating a cloud-native, end-to-end solution portfolio.…
Read MoreThe End Game of Digitization
Artificial intelligence pushes decision-making to the edge. In January, Bloomberg News reported that Microsoft is investing $10 billion in OpenAI, a startup company specializing in artificial intelligence (AI). OpenAI is the maker of ChatGPT (an online chatbox) and other tools that can generate readable text and images in response to short prompts or questions. In terms of ready-mix concrete U.S.…
Read MoreA ‘Bit’ on Digital Currency and Ready-Mix Concrete
With Ethereum’s blockchain radical overhaul, look for digital currency to come to an industry near you. We have all heard of the cryptocurrency called bitcoin. Ether (ETH) is the second most popular cryptocurrency, and it’s about to expand into vastly new areas thanks to a recent development with the platform on which it is used: Ethereum. The Latin word aether…
Read MoreProducers’ Choice
Integration of data AND business process empower freedom of choice in a concrete technology ecosystem. The Walt Disney Co. is a world champion of vertical capture. The company’s theme parks offer families a complete package of entertainment, dining and lodging. Yet in Orlando, Fla., many visitors choose to complement or even skip Disney World for other cool things like Comcast’s…
Read MoreNewsflash: The digital enterprise is not complicated
Ready-mix concrete is a “now” industry. Real time. No delay. It’s time for us to catch up with what our kids already have: Instant access to information and collaboration with everyone all the time. The phrase “digital enterprise” makes a ton of money for lots of advisors from big-name consultancies. They use it as a noun, verb and adverb. They…
Read MoreThe Modern Customer
Modernizing the business of ready-mix, part 3 of 3. Running a ready-mix concrete operation is tough. Pat yourself on the back for exactly three seconds. Now for the crushing reality: Running a concrete construction operation is just as tough, if not more. Let’s spend some time in our customers’ shoes (see sidebar). Think about what we can do to make…
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