ISSN: 2349-5162 | Impact Factor: 5.87

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Published in:

Volume 4 Issue 5
May-2017
eISSN: 2349-5162

Unique Identifier

JETIR1705033

Page Number

141-147

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Title

“Application of Inventory Material Management Techniques in Construction Project- Case Study”

Abstract

Construction materials consists more than 50% of the total cost of the project. Efficient materials management plays a key role in the successful completion of the project within estimated cost and time. In this research paper written to explore current practice of material management to construction project and Inventory control techniques such as ABC classification and EOQ analysis are performed to maintain the inventory in an optimum level and S curve Analysis performed to compare the Actual work performed cost and budgeted cost of work performed using Microsoft project software. By applying inventory control techniques such as ABC classification and EOQ analysis the stock out problems of some A-class materials can be avoided. After the application of ABC and EOQ analysis, the total cost of inventory will be reduced

Key Words

Material Management, Inventory Control, Cost Control

Cite This Article

"“Application of Inventory Material Management Techniques in Construction Project- Case Study”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 5, page no.141-147, May-2017, Available :http://www.jetir.org/papers/JETIR1705033.pdf

Publication Details

Published Paper ID: JETIR1705033
Registration ID: 170329
Published In: Volume 4 | Issue 5 | Year May-2017
DOI (Digital Object Identifier):
ISSN Number: 2349-5162

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