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Inventory Control Management for Construction Industries using SPSS Software

Journal: International Journal for Modern Trends in Science and Technology (IJMTST) (Vol.5, No. 11)

Publication Date:

Authors : ;

Page : 23-28

Keywords : IJMTST;

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Inventory means maintaining stock of a company.The concept of inventory management has been one of many analytical aspects of management.This involves optimising the resources available to store various materials. Lack of inventory may led to stock outs, resulting in production down time, but a very high inventory on the other hand may lead to an increased production costs, due to high cost of an inventory transportation.. Improper handling and storage of inventories in construction site lead to the project delay . Construction materials account 60% of the total expenditure of a project. So only proper handling and storage may be required is compulsory. Efficient material management plays a key role in the successful completion of the project within estimated cost and time. In this paper current practice of construction material management to construction project and inventory control techniques such as ABC classification and EOQ analysis are performed to maintain the inventory an optimum level.S curve analysis is perform to measure the fluctuation between the estimated material cost and market material cost. Total expenditure of inventory is less after the adoption of inventory control techniques .The principle target of the investigation is to dissect the stock administration control at the construction site with the assistance of SPSS program.

Last modified: 2019-12-22 12:43:50