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Enhancing Profitability through Improved Material Management Practices in Construction Projects

K. N. Narasimha Prasad*, Shreyas M. V.**, Akash Deshpande***, Rohit Singh****

* Associate Professor, National Institute of Construction Management and Research, Goa Campus, Goa, India.

** Management Trainee, AFCONS Infrastructure Limited, Andheri (West), Mumbai, Maharashtra, India.

*** Post-graduate Engineer Trainee, L&T Constructions, Mumbai, Maharashtra, India.

**** Senior Engineer, Montecarlo Limited, Kendujhar, Odisha, India.

Periodicity:September - November'2018
DOI : https://doi.org/10.26634/jce.8.4.14451

Abstract

Efficient material management can turn a construction project into a profit centre from a cost centre if rational material classification, inventory management and economical order quantity practices are followed. Most construction companies in India do not appear to have such practices in place. In this work, the benefits of efficient material management practices are discussed and a case study of material procurement schedule in a precast infrastructure company is made. The results indicate that materials were procured without any analysis with reference to their importance, inventory cost control, pre-plan for using available storage space efficiently, seasonality and other critical factors necessary to ensure smooth progress of the work. The study also reveals the need for developing material management practices designed for construction sites. In conclusion, the paper suggests the importance of following efficient material management practices in construction projects and the need to develop new material management practices suitable for construction sites considering its dynamics and constraints.

Keywords

Material management, inventory control, material handling, purchase

How to Cite this Article?

Prasad, K. N. N., Shreyas, M. V., Deshpande, A., & Singh, R. (2018). Enhancing Profitability Through Improved Material Management Practices in Construction Projectsi-manager's Journal on Civil Engineering, 8(4), 13-20. https://doi.org/10.26634/jce.8.4.14451

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Enhancing Profitability through Improved Material Management Practices in Construction Projects

Abstract

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