Different Inventory Policies and Their Efficient Use in Construction Projects
  • Author(s): Pradeep Jalinder Gaikwad ; Prof. Rahul D. Shinde
  • Paper ID: 1702772
  • Page: 74-77
  • Published Date: 18-06-2021
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 4 Issue 12 June-2021
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

Citations

IRE Journals:
Pradeep Jalinder Gaikwad , Prof. Rahul D. Shinde "Different Inventory Policies and Their Efficient Use in Construction Projects" Iconic Research And Engineering Journals Volume 4 Issue 12 2021 Page 74-77

IEEE:
Pradeep Jalinder Gaikwad , Prof. Rahul D. Shinde "Different Inventory Policies and Their Efficient Use in Construction Projects" Iconic Research And Engineering Journals, 4(12)