System design for effective construction inventory management
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Date
2021
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Journal ISSN
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Publisher
AIKTC
Abstract
Construction industry is the most crucial industry for any nation with respect to its
economic growth and development. This industry is complex and hence susceptible to
disputes, delays and cost overruns. As a thumb rule, in developing countries, it is estimated
that construction materials alone account for more than 60 percent of the total expenditure
of a project. Therefore, effective and efficient material management is paramount for
successful completion of a construction project within the estimated budget and time. This
study in the initial phase compares various available techniques of material/inventory
management, such as ABC Analysis, Economic Ordering Quantity (EOQ), Material
Requirements Planning (MRP), Just-In-Time (JIT) concept, etc., and their feasibility in the
construction industry. Even after having a number of techniques developed for
material/inventory management that are efficiently applied to other types of industries, it is
observed that most of these techniques seem to have limitations in case of construction
industry due to its complex and highly uncertain nature. The methods are applied to
construction industry to some extent, but straightforward and holistic application is not
feasible, i.e., impractical and perhaps impossible. This can be owed to the fact that each
construction project is unique and construction processes are often demand driven. Work
stoppages and sometimes crippled schedules due to overlapping of activities is a common
phenomenon observed in construction. Therefore, a need is felt that a reliable system,
flexible enough to take into account the changing inventory requirement pattern be devised,
so that material wastage is avoided, as well as associated under-stocking and over-stocking
costs are eliminated.
Keywords: inventory; material management; ABC; EOQ; MRP; JIT; flexibility;
programming; htm
Description
This project report entitled “System Design for Effective Construction Inventory
Management” by Mr. Kazi Abdul Aziz Faroq (Roll No.:18CEM04) submitted to the
University of Mumbai is approved for the degree of “Master of Engineering” in “Civil
Engineering (with specialization in Construction Engineering and Management)”
Keywords
Thesis - CEM