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Demand-Dependent Inventory Management System for an Offsite Construction Facility
Material management is a critical aspect in construction. Poor management of construction material can lead to budget overrun and schedule delays, considering the lead time required for ordering material. Offsite construction is a trending paradigm in construction for the benefits of reduced construction material waste. However, in offsite construction, challenges exist with respect to material management due to fluctuating market demand. Currently, the industry uses a static safety stock that does not take into consideration variability in demand. This static approach can lead to excess inventory cost or material shortages, resulting in production delays. This research focuses on a demand-dependent inventory management system for an offsite construction facility in Edmonton, Canada. The developed system takes into consideration categories of material types and priority of storage based on ABC analysis. Additionally, a safety stock is calculated dynamically to predict the subsequent material stock requirements. The system has been implemented and tested in an offsite construction facility as a cloud-based SQL application. The process of developing this system also generates a systematic approach that can be implemented in similar offsite construction contexts.
Demand-Dependent Inventory Management System for an Offsite Construction Facility
Material management is a critical aspect in construction. Poor management of construction material can lead to budget overrun and schedule delays, considering the lead time required for ordering material. Offsite construction is a trending paradigm in construction for the benefits of reduced construction material waste. However, in offsite construction, challenges exist with respect to material management due to fluctuating market demand. Currently, the industry uses a static safety stock that does not take into consideration variability in demand. This static approach can lead to excess inventory cost or material shortages, resulting in production delays. This research focuses on a demand-dependent inventory management system for an offsite construction facility in Edmonton, Canada. The developed system takes into consideration categories of material types and priority of storage based on ABC analysis. Additionally, a safety stock is calculated dynamically to predict the subsequent material stock requirements. The system has been implemented and tested in an offsite construction facility as a cloud-based SQL application. The process of developing this system also generates a systematic approach that can be implemented in similar offsite construction contexts.
Demand-Dependent Inventory Management System for an Offsite Construction Facility
Altaf, Mohammed Sadiq (author) / Lei, Zhen (author) / Han, SangHyeok (author) / Bouferguene, Ahmed (author) / Al-Hussein, Mohamed (author)
Construction Research Congress 2020 ; 2020 ; Tempe, Arizona
2020-11-09
Conference paper
Electronic Resource
English
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