Material Management by Inventory control Techniques by Apartment Building as Case Study

Material Management by Inventory control Techniques by Apartment Building as Case Study

Miss. Chandadevi Rajput1,

1 Department of Civil Engineering, Dr. Magdum College of Engineering, Jaysingpur, India

Dr. D.B. Desai2

2 Department of Civil Engineering, Dr. Magdum College of Engineering, Jaysingpur, India

Abstract:  Construction material constitutes the major cost component in many construction projects, the total cost of installed material may be 50% or more of the total cost. Materials represent major expenses in construction. Delay and expense may be incurred if material required for particular activity. Ensuring a timely flow of material is an important concern of material management. The goal of material management is to ensure that the materials available at their point of use when needed. Hence, efficient procurement of material represents a key role in the successful completion of the construction work. The main purpose of this project to find the variation in planned vs actual material cost through A-B-C & E-O-Q analysis and applying inventory material management so as to minimize stock out problems and minimize the total cost of the construction project.

Keywords: material management, procurement, inventory control techniques, A-B-C analysis