Last edited 26 Mar 2018

Construction inventory management

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.

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 of the required materials, labour, equipment and so on is a vital part of the project planning process.

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.

For more information see: Logistics management.

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