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Different Inventory Policies and Their Efficient Use in Construction Projects
Subject area: Science,Engineering and Technology · Area of research: construction management
Abstract
The rapid growth and development in housing as well as in infrastructure sector from last one decade continuously take place in India. electronic The cost of construction materials increased significantly in recent years and accounts for 50% to 60% of the total project cost. For the speedy constructions to be satisfy the management has to think about material procurement to its efficient supply management. As per the research its show that nearly 30-35% of increased efficiency of overall material management by implementing different modules. Now days in construction industry uses different types of materials various admixture as per their specification. Hence proper storage and supply the requisite material is important. Which can be easily achieved by material management. This paper aims to study different methods used for inventory control of materials presently practiced and used for control material waste. As material management shows direct impact on cost of project hence material management shows a major concern of overall project budgeting. In now days there are various types of Inventory Modules and policies are present in construction industry like ABC analysis EOQ modeling, policies based on ordering. This study is going to find out the role of inventory policies in construction how they benefit?s overall project of waterproofing of an construction site.
Keywords
Material management; Inventory management; ABC analysis; Construction projects
References
[1] Miss. Monika Ramdas Nanaware, Prof. U. R. Saharkar APPLICATION OF INVENTORY CONTROL TECHNIQUE IN CONSTRUCTION International Journal of Engineering Research and General Science Volume 5, Issue 4, July-August, 2017N 2091-2730.
[2] Jyoti Sanjeev Mohopadkar, D. P. Patil, International Journal on Recent and Innovation Trends in Computing and Communication ISSN: 2321-8169 Volume: 5 Issue: 6 229 – 231229 IJRITCC | June 2017, Available @ http://www.ijritcc.org
[3] ASHIKA M PG A Material Management in Construction Project Using Inventory Management System. CA: University Science, 1989. © NOV 2019 | IRE Journals | Volume 3 Issue 5 | ISSN: 2456-8880 IRE 1701738 ICONIC RESEARCH AND ENGINEERING JOURNALS 52
[4] Gulghane1, Prof P. V. Khandve, ‘Management for Construction Materials and Control of Construction Waste in Construction Industry: A Review’. “IJERA” ISSN :2248-9622. Vol. 5, Issue 4, (Part -1) April 2015.
How to cite this paper
@article{1702772,
author = {Pradeep Jalinder Gaikwad, Prof. Rahul D. Shinde},
title = {Different Inventory Policies and Their Efficient Use in Construction Projects},
journal = {Iconic Research And Engineering Journals},
year = {2021},
volume = {4},
number = {12},
pages = {74-77},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1702772.pdf},
abstract = {The rapid growth and development in housing as well as in infrastructure sector from last one decade continuously take place in India. electronic The cost of construction materials increased significantly in recent years and accounts for 50% to 60% of the total project cost. For the speedy constructions to be satisfy the management has to think about material procurement to its efficient supply management. As per the research its show that nearly 30-35% of increased efficiency of overall material management by implementing different modules. Now days in construction industry uses different types of materials various admixture as per their specification. Hence proper storage and supply the requisite material is important. Which can be easily achieved by material management. This paper aims to study different methods used for inventory control of materials presently practiced and used for control material waste. As material management shows direct impact on cost of project hence material management shows a major concern of overall project budgeting. In now days there are various types of Inventory Modules and policies are present in construction industry like ABC analysis EOQ modeling, policies based on ordering. This study is going to find out the role of inventory policies in construction how they benefit?s overall project of waterproofing of an construction site.},
keywords = {Material management; Inventory management; ABC analysis; Construction projects},
month = {June},
}