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The term 'inventory' refers to a company's stockpile of material and the components that make up the output. Inventory and material management refers to "managing the quality, amount, location, transportation, and timing of various products" utilized in manufacturing by various industrial organizations. Materials on a construction project can contribute up to 60% of the total cost of the project, therefore Materials management and decreasing procurement prices is a critical task in the construction project, but if done systematically, it can enhances prospects to reduce overall project expenses. This review paper discusses effective inventory management and material management techniques and attempts to provide a clearer picture of the same.
Keywords:
Inventory, Inventory management, Material management, Management techniques.
Cite Article:
"Literature Review on Inventory and Material Management in Construction Industries", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 5, page no.622 - 625, May-2022, Available :http://www.ijrti.org/papers/IJRTI2205106.pdf
Downloads:
000205178
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator