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Crucial Techniques to Control Construction Inventory

Time scheduling and coordination on construction projects are not just a matter of reputation but can be crucial to systems like an earthling, concrete laying and service. When schedules are not managed properly, budgets for manpower and overall project budgets can be greatly affected. Mismanaged projects not only cut into the company’s profit and reputation but also negatively affecting workers and schedules.

A construction company usually will have multiple projects running concurrently. Managing with inventories can be challenging and time-consuming in this field. Control inventory is important which require to ensure the right quantity and quality of material to deliver in a timely manner and available when needed. Lack of materials will cause delay or slow down the whole process of constructing development to meet the completion timeline.

There are factors that will incur a loss of cost when required to provide extra storage space and high-level inventory will suffer wastage. Inventory supply is crucial in these hard-hitting economic times. Therefore, good planning of inventory control must be monitored and controlled well at the desired quantity level by using appropriate techniques.

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Chua Seok Khim, DPSM
Chua Seok Khim has substantive years of experiences in the field of procurement and supply management, and specifically in civil engineering. She is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM). Khim completed the Diploma in Procurement and Supply Management (DPSM) course on March 2019 at SIPMM Institute.

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