• Divyani Shinde

Indian construction environment has changed drastically over the span of last three decades. All the departments in construction industry need to cope up with the change occurring in the industry over time. Inventory management aims at optimization of inventory investment to ensure increased efficiency within the construction process. In our traditional system, unfortunately, inventory plays a role of asset whereas it is most expensive liability. It is important to bring new practices into implementation so as to stay alive in the competition. Just in Time technique (JIT) is one such initiative that can enhance inventory management without large investments. JIT is a lean concept which increases efficiency and decreases waste by receiving raw materials only as needed for production process thus reducing inventory cost. It is best suited to small and large scale projects as it does not require major financial investment. This project covers a case study where the proposed system is implemented and compared with conventional approach of inventory management on a Residential building (Kamela Rehab Kondhwa, Pune) to demonstrate the usefulness of JIT in terms of cost, and to increase its base of application in Indian construction industry. The conventional material procurement procedure will be studied thoroughly and the JIT philosophy will be used to reduce the cost of project efficiently.

Inventory management, Just in Time, Cost Reduction

"STUDY ON PRACTICALITY OF JUST-IN-TIME INVENTORY MANAGEMENT IN A CONSTRUCTION PROJECT ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.195-201, June 2019, Available :http://www.jetir.org/papers/JETIR1906U62.pdf

"STUDY ON PRACTICALITY OF JUST-IN-TIME INVENTORY MANAGEMENT IN A CONSTRUCTION PROJECT ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp195-201, June 2019, Available at : http://www.jetir.org/papers/JETIR1906U62.pdf