A Study of Material Management in Industrial Area with reference to the Nagpur

Abstract

Material management is an important element in project management as materials contribute a major portion to total project cost. It also plays a key role because of the successes of every construction project rely on having proper resources. Thus, it gives implication on project performance. Despite the importance of material management to project performance, there are limited numbers of research available related to this topic. Therefore, the aim of this paper is to identify the effects factors of material management on project performance. Literature from books, journal articles and conferences papers related to this topic are reviewed. In conclusion, exploring the implication of material management towards project performance will benefit construction players in improving the efficiency of material management in order to minimize the impacts on construction projects performance. Material Management Can deal with campus planning and building design for the movement of material or with logistic that deal with tangible components of supply chain .In an organization to achieve a level of service which ensures that the right materials are available at the right place at the right time in the right quantity, quality at the right cost. Material management is the planning, directing, controlling and coordination of all activities concerned with material and inventory requirements, from the point of their inception to their introduction into manufacturing process. Fundamental objectives of material management are material selection and low operating cost. Material management covers all aspects of material cost, supply utilization. The functional areas in material management usually include purchasing, production control, shipping, receiving and stores. Material management helps in controlling cost and content of product.