Analysis of Construction Materials using Inventory Control Techniques


Authors : Thrishna N, K. Harish.

Volume/Issue : Volume 3 - 2018, Issue 5 - May

Google Scholar : https://goo.gl/DF9R4u

Scribd : https://goo.gl/2YniG3

Thomson Reuters ResearcherID : https://goo.gl/3bkzwv

Inventories represent the second largest asset category for construction companies, next to plant and equipment. Inventory would be the amount of raw materials, fuel and lubricants, spare parts and semi processed material to be checked inventories for the smooth running of construction firm. Nearly 60% of money is allotted for the inventory in a project. Since these resources are idle when kept in the stores, inventory is defined as an idle resource of any kind having an economic value. In this study, I only focus on raw material inventory for analysis of inventory control technique. Factor determination was conducted using RII method and SPSS software and data analysis upon inventory control were carried out using inventory control techniques like ABC and EOQ.

Keywords : Inventory, Raw materials , RII, SPSS, ABC, EOQ.

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