Cost Control Techniques for Material Management |
Author(s): |
| Mr. Vishal P. Kokane , Dr. D. Y. Patil School of Engineering And Technology, Charholi, Lohegaon, Pune; Mr. Amarjeet S. Dhupe, Dr. D. Y. Patil School of Engineering And Technology, Charholi, Lohegaon, Pune; Mr. Nilesh Vitthal Sable, Dr. D. Y. Patil School of Engineering And Technology, Charholi, Lohegaon, Pune; Mrs. Renuka A. Darade, Dr. D. Y. Patil School of Engineering And Technology, Charholi, Lohegaon, Pune; Prof. Milind M. Darade, Dr. D. Y. Patil School of Engineering And Technology, Charholi, Lohegaon, Pune |
Keywords: |
| Inventory, Cost, Material Management |
Abstract |
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Construction materials constitute a large portion of the total cost in construction projects. It may account for 50-60% of the total project cost. Material management includes finding the availability, proper selection, procurement, inventory management and effective usage of materials at right time. In this inventory management is one of the single largest components to improve the productivity, cost efficient of a project and help to ensure timely completion of the project. On preparing inventory chart and analyzing the cost estimate, the proper cost control over material procurement have been achieved to avoid surplus expenditure and better field material control. |
Other Details |
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Paper ID: IJSRDV9I40456 Published in: Volume : 9, Issue : 4 Publication Date: 01/07/2021 Page(s): 564-567 |
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