A SURVEY ON MATERIAL MANAGEMENT FOR SMALL, MEDIUM AND LARGE SITE BY CARRYING OUT ABC ANALYSIS IN RELATION TO EOQ ANALYSIS

Abstract

Materials management is an important component of the construction industry. Thus, organizations need to understand the effects of proper material management techniques on the effectiveness of the project. A material management program is implemented correctly to achieve timely flow of materials and equipment to the jobsite, and thus facilitate improved work planning the face, improved labour productivity, better schedules and lower project costs. Material is a big burden in development, so as to minimize procurement costs increase opportunities to reduce overall project costs. If the materials have to be bought too early, the capital can be raised and the cost of interest on excess supplies. This paper deals with the identification of selective inventory control techniques and the development of a framework for assessing a wide range of materials management techniques. In the end, the framework has been developed that can be used for future research in this area. Construction materials are a major cost component in the development of each project. The total cost of materials installed may be 50% or more of the total cost. Material is a huge cost in development. Delays and costs may be incurred if the material required for a particular activity. Ensure timely flow of materials is an important concern of materials management. The objective of the materials management is to ensure that materials are available at their point of use when needed then, efficient procurement of materials represent a key role in the successful completion of the construction work. The main objective of this project to find variations in vs Actual planned material costs through the analysis of the a-b-c and e-o-q and apply the material inventory management so as to minimize stock problems and minimize the total cost of residential construction projects. For this study we consider residential building construction SP construction Pune the abc analysis procedures for inventory control framework that was first used to distinguish the most important thing and following several economic order quantity (eoq) of each item produced to find the supplies they show independent state. Utilization of this model will help the association to determine the optimal number of items of the order within one year and when to put the new request for each item.