Material Management for Construction Industries.
Materials management is an important element in project management. This is a process for planning, executing and controlling field and office activities in construction. It is to assure that the right materials are in the right place, in the right quantize when needed. Material management covers all aspects of material costs, supply and utilization. The functional areas involved in material management usually include purchasing, production control, shipping, receiving and stores. materials management can result in increased costs during construction. Efficient management of materials can result in substantial savings in project costs. Ensuring a timely flow of materials is an important concern of material management. For effectively managing and controlling materials, the performance of materials management should be measured. A performance measure calculates the effective working of a function. These performance measures may differ from system to system.