Analysis of Materials Management in Real Estate Industry

Materials management is the integral core of the real estate construction industry, which holds more than 60% of the over all cost of the project. Numerous research have been conducted in the field of construction projects, it revealed that most of the projects turned the blind eye towards the materials management techniques. Poor system of materials management can increase the overall cost and delay of planned schedule, shortage of materials will also lower the labour productivity. This study is aimed to ensure the effective management and control of materials to achieve the overall increased productivity by implementation of ABC analysis, VED analysis, HML analysis, EOQ analysis and S-curve technique for clear understanding, managing and controlling the inventory materials. The results showed the significant improvement, better control and understanding using the inventory control techniques. The study suggested that quantity of materials should be planned and procured based on ABC analysis, VED analysis, HML analysis and EOQ analysis according to there priority and weightage. S-curve analysis provides the complete cost control of entire project by comparing and understanding the deviation between the Planned cost and Actual cost which improves the overall productivity of the project by minimizing the waste