Project Site Inventory Management
Construction Inventory Management demands companies and suppliers to keep track of their stocks, procure industrial goods, store them in a logical location with an apt temperature, and supervise the quantity and quality of their construction goods frequently. However, construction industry in-house managers have a challenging time following up on every inventory record because of the assortment of projects they deal with.
As a construction inventory manager, one has to be meticulous in dealing with delayed, lost, or misplaced supplies, and maintaining them on the balance sheet is an arduous task.
Why Inventory Management System is needed in construction?
Maintaining inventories will let the inventory handler analyze the exact quantity of stocks, eradicating the chances of items to be
Forecast Future Sales
Inventory data allows stock handlers to get insights into the quickly exercised items, allowing them to adjust the construction industry material
Reduces the risk of pilferage
The materials and resources of the company are often used without authorization by employees for personal purposes. Although, accurate
Many contractors might not be able to realize it, but compliance is one of the ideal uses of inventory systems. In many ways, the software
Tracking Your Materials and Equipment
Inventory management usually starts with keeping track of all construction tools, equipment, and materials per job site. This is where you need to
The key Activities of the Construction Inventory management includes:
- Getting the required materials from suppliers as per BOQ (Bill Of Quantities)
- Engage Contractors & issue them materials in time
- Track Consumption of materials against the BOQ of that area
- Reconcile and settle the contractors
- Complete the progress of the Project
This might also include:
- An inventory of tools, including manufacturer details, instructions, parts requirements, and so on.
- A consumable inventory (i.e. nuts, bolts, screws, nails, drill bits, wire, batteries, and so on) with a system that alerts when supplies are lower.
- Automatic scheduling of preventative maintenance for tools, plant and equipment, helping to ensure that unnecessary down-time for repairs is avoided.
- An inventory app, downloaded to operatives’ phones.
- Radio-frequency identification (RFID) and barcode solutions.