Comparitive analysis of inventory control techniques in the construction project.

Abstract

Inventory control of material plays a pivotal role in any project. Material inventory control of the construction project is very essential to the completionb of the project and the overall cost of the project. In this research area, the absence of large companies, small local companies are practiced in the field of construction due to this, no proper monitoring occurs on inventory.  In this research, two inventory management methods ABC and VED are described which are essential for strong monitoring of the materials. The inventory management is adversely affected by the purchasing cost of materials. Important materials are necessary to keep in stock, in this paper an attempt has been made to categories the material by using ABC and VED analysis. The result showed that both approaches have their limitations and benefits but the VED approach is more effective in material inventory management of a construction project as it also gives weightage to the importance of the materials rather than its quantity.