Construction inventory - Revision history

Designing Buildings at 09:58, 7 April 2022

2022-04-07T09:58:14Z

← Older revision		Revision as of 09:58, 7 April 2022
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	[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines inventory as: ‘The stock of goods, materials or products.’ It defines inventory management as: ‘The process of ensuring the safe and efficient storage and control of stock, including managing demand and movement.’		[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines inventory as: ‘The stock of goods, materials or products.’ It defines inventory management as: ‘The process of ensuring the safe and efficient storage and control of stock, including managing demand and movement.’

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	The [https://stats.oecd.org/glossary/ glossary of statistical terms], published by the Organisation for Economic Co-operation and Development (OECD), defines inventories as: ‘…stocks of outputs that are still held by the units that produced them prior to their being further processed, sold, delivered to other units or used in other ways, and stocks of products acquired from other units that are intended to be used for intermediate consumption or for resale without further processing.’
		+
		+	= Related articles on Designing Buildings =

	* Barcode.		* Barcode.

194.32.120.111 at 23:40, 27 December 2021

2021-12-27T23:40:45Z

← Older revision		Revision as of 23:40, 27 December 2021
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	* An inventory of tools, including manufacturer details, instructions and parts requirements.		* An inventory of tools, including manufacturer details, instructions and parts requirements.
−	* A consumable inventory (such as nuts, bolts, screws, nails, drill bits, wire and batteries) with a system that alerts when supplies are low.	+	* A consumable inventory (such as nuts, bolts, screws, nails, drill bits, driver bits, wire and batteries) with a system that alerts when supplies are low.
	* Automatic scheduling of preventative maintenance for tools, plant and equipment, helping to ensure that unnecessary down-time for repairs is avoided.		* 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.		* An inventory app, downloaded to operatives’ phones.

Designing Buildings at 10:14, 17 March 2021

2021-03-17T10:14:39Z

← Older revision		Revision as of 10:14, 17 March 2021
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	NB The [https://www.ungm.org/Areas/Public/pph/go01.html UN Procurement Practitioner's Handbook], produced by the Interagency Procurement Working Group (IAPWG) in 2006 and updated in 2012 defines inventory as: ‘Any material, component or product that is held for use at a later time.’		NB The [https://www.ungm.org/Areas/Public/pph/go01.html UN Procurement Practitioner's Handbook], produced by the Interagency Procurement Working Group (IAPWG) in 2006 and updated in 2012 defines inventory as: ‘Any material, component or product that is held for use at a later time.’
		+
		+	[https://www.cips.org/knowledge/glossary-of-terms/ The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms], defines inventory as: ‘The stock of goods, materials or products.’ It defines inventory management as: ‘The process of ensuring the safe and efficient storage and control of stock, including managing demand and movement.’

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Designing Buildings: moved Inventory to Construction inventory

2021-01-22T08:19:12Z

moved Inventory to Construction inventory

← Older revision

Revision as of 08:19, 22 January 2021

Designing Buildings at 08:18, 22 January 2021

2021-01-22T08:18:51Z

← Older revision		Revision as of 08:18, 22 January 2021
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	* Site storage.		* Site storage.

−	[[Category:Construction_management]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Construction_management]]

Designing Buildings at 06:02, 11 May 2020

2020-05-11T06:02:57Z

← Older revision		Revision as of 06:02, 11 May 2020
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	For more information see: Logistics management.		For more information see: Logistics management.
		+
		+	NB The [https://www.ungm.org/Areas/Public/pph/go01.html UN Procurement Practitioner's Handbook], produced by the Interagency Procurement Working Group (IAPWG) in 2006 and updated in 2012 defines inventory as: ‘Any material, component or product that is held for use at a later time.’

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Designing Buildings at 12:05, 28 November 2019

2019-11-28T12:05:32Z

← Older revision		Revision as of 12:05, 28 November 2019
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−	An inventory is an itemised list or record of all current goods, materials and other assets which exist in a particular location at a particular time. ~~In business, an inventory is a list of goods and~~ their value ~~(current assets) kept by a firm for trading purposes~~.	+	An inventory is an itemised list or record of all current goods, materials and other assets which exist in a particular location at a particular time. It may also include their value.

−	The term inventory is more commonly used in the US and Latin America than in the UK, where it ~~is more common to refer either~~ to ‘stock’ or ‘stockholding’.	+	The term inventory is more commonly used in the USA and Latin America than in the UK, where it may be referred to as ‘stock’ or ‘stockholding’.

−	In construction, inventory management is a means by which construction companies and suppliers can keep track of materials, workforce, equipment ~~and~~ plant. This is particularly important when a construction company has multiple projects to manage, as efficient scheduling can ~~become~~ very complicated.	+	In construction, inventory management is a means by which construction companies and suppliers can keep track of goods and materials, workforce, equipment, plant and so on. This is particularly important when a construction company has multiple projects to manage, as efficient scheduling of resources can be very complicated.

−	Numerous software packages are available to facilitate the process of inventory management; they can save time and effort, and so contribute to the profitability of ~~the contractor~~.	+	Numerous software packages are available to facilitate the process of inventory management; they can save time and effort, and so contribute to the profitability of contractors and suppliers.

	A well-managed inventory can be critical to profitability as delayed, misplaced or lost items can incur avoidable delays and unnecessary costs. A project timeline, planned in advance, with a full inventory including the required materials, labour and equipment is a vital part of the project planning process.		A well-managed inventory can be critical to profitability as delayed, misplaced or lost items can incur avoidable delays and unnecessary costs. A project timeline, planned in advance, with a full inventory including the required materials, labour and equipment is a vital part of the project planning process.
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	* An inventory of tools, including manufacturer details, instructions and parts requirements.		* An inventory of tools, including manufacturer details, instructions and parts requirements.
−	* A consumable inventory {such as nuts, bolts, screws, nails, drill bits, wire and batteries) with a system that alerts when supplies are low.	+	* A consumable inventory (such as nuts, bolts, screws, nails, drill bits, wire and batteries) with a system that alerts when supplies are low.
	* Automatic scheduling of preventative maintenance for tools, plant and equipment, helping to ensure that unnecessary down-time for repairs is avoided.		* 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.		* An inventory app, downloaded to operatives’ phones.

Editor at 19:27, 27 November 2019

2019-11-27T19:27:32Z

← Older revision		Revision as of 19:27, 27 November 2019
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	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

		+	* Barcode.
	* Construction logistics manager.		* Construction logistics manager.
	* How to manage construction plant.		* How to manage construction plant.

Editor at 19:40, 31 October 2019

2019-10-31T19:40:17Z

← Older revision		Revision as of 19:40, 31 October 2019
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	* Construction logistics manager.		* Construction logistics manager.
	* How to manage construction plant.		* How to manage construction plant.
−	* Inventory.
	* Logistics management.		* Logistics management.
	* Materials on site.		* Materials on site.

Editor at 19:36, 31 October 2019

2019-10-31T19:36:20Z

← Older revision		Revision as of 19:36, 31 October 2019
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	In construction, inventory management is a means by which construction companies and suppliers can keep track of materials, workforce, equipment and plant. This is particularly important when a construction company has multiple projects to manage, as efficient scheduling can become very complicated.		In construction, inventory management is a means by which construction companies and suppliers can keep track of materials, workforce, equipment and plant. This is particularly important when a construction company has multiple projects to manage, as efficient scheduling can become very complicated.

−	Numerous software packages are available to facilitate the process of inventory management, save time and effort, and so contribute to the profitability of the contractor.	+	Numerous software packages are available to facilitate the process of inventory management; they can save time and effort, and so contribute to the profitability of the contractor.

	A well-managed inventory can be critical to profitability as delayed, misplaced or lost items can incur avoidable delays and unnecessary costs. A project timeline, planned in advance, with a full inventory including the required materials, labour and equipment is a vital part of the project planning process.		A well-managed inventory can be critical to profitability as delayed, misplaced or lost items can incur avoidable delays and unnecessary costs. A project timeline, planned in advance, with a full inventory including the required materials, labour and equipment is a vital part of the project planning process.