ANALYZING INVENTORY MATERIAL MANAGEMENT CONTROL TECHNIQUE ON RESIDENTIAL CONSTRUCTION PROJECT

CONSTRUCTION

Materials management is a critical component of the construction industry. As such, organizations need to understand the effects of proper materials management techniques on the effectiveness of project execution. A properly implemented materials management program can achieve the timely flow of materials and equipment to the job site, and thus facilitate improved workforce planning, increased labor productivity, better schedules, and lower project costs. Materials represent a major expense in construction, so minimizing procurement cost, improves opportunities for reducing the overall project cost. This research paper is written to explore the current practices of Material Management so this study is conducted in two analysis technique. In Qualitative Analysis this study mainly focuses on Inventory Control Techniques which includes Always Better Control (ABC), Scare, Difficult and Easy to obtain (SDE) Analysis and also Quantitative approach like Economic Order Quantity (EOQ). This research paper deals with identification of selective inventory control technique and To maintain sufficient stock of raw material during the period of short supply, to protect inventory against deterioration and control investment in inventories and to keep it at an optimum level an inventory control techniques such as ABC, SDE and EOQ analysis.

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