Study of Material Management (MBA Operation Projects)

Study of Material Management (MBA Operation Projects)


Abstract 

India's construction sector is a key indication of growth since it generates investment possibilities. Due to poor management, possibilities are dwindling. Cost overrun is one of the most significant roadblocks to project completion, as it lowers the contractor's profit margin, resulting in significant losses and putting the project in jeopardy. The building sector relies heavily on material management. An efficient materials management plan complements an institutional master plan by filling in the gaps and resulting in a resourceful and ecologically friendly conclusion.

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Introduction

Construction sectors play a critical part in a country's economic development. The growing complexity of building projects puts more pressure on construction managers to complete projects on schedule, on budget, and to a high standard. The primary challenge that the construction sector in developing nations faces is the continuous problem of delays and cost overruns caused by poor management. As a diagnostic for the aforementioned problem, material management is critical.

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Conclusion

Material management is clearly important in the construction industry, as shown by the literature study.
Material management should be done in all businesses, whether they are little or big. From the time resources are purchased until they are used, material management plays an important role.
Furthermore, a S curve analysis should be performed to check for variations in the intended process in order to prevent project delays. In the event of a delay, an EOQ analysis is suggested to finish the project on time and on budget.

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