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How To Improve The Management Of Construction Site Inventory

Construction Marketing

Site inventory management is a crucial part of any construction business. However, construction inventory can run into a few specific challenges. Updating your inventory management style will require a bit of creativity in equal measures of practicality. Continue reading to learn more.

Inventory 271
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Living in a Materials World

Viewpoint Construction Technology

But along the way, those material costs can start to add up, especially if the materials aren’t procured and managed properly. The cost of materials can rise and fall daily, whether during the bid progression, the procurement process or the building phase. Maximizing Materials Management.

Materials 201
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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement , project management, and the C-suite should all monitor WIP closely. WIP is one element of an inventory account. ” username=””].

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. But, procurement, project management, and the C-suite should all monitor WIP closely. WIP is one element of an inventory account. Click To Tweet.

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LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management

Job Order Contracting

Procurement/bidding. Inventory and maintenance disposition management. Cost Estimating, Procurement, & Construction Project Delivery and Management Systems. Leading Indicators (forecast future trends inside and outside the organization) as well as lagging indicators. Strategic planning. Cost estimating. Construction.

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LEAN for Facilities Operation and Maintenance

Job Order Contracting

Procurement/bidding. Inventory and maintenance disposition management. Cost Estimating, Procurement, & Construction Project Delivery and Management Systems. Leading Indicators (forecast future trends inside and outside the organization) as well as lagging indicators. Competencies/Activities. Strategic planning.

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Facilities Operations & Maintenance Management

Job Order Contracting

Procurement/bidding. Inventory and maintenance disposition management. LEAN Cost Estimating, Procurement, & Construction Project Delivery and Management Systems. Leading Indicators (forecast future trends inside and outside the organization) as well as lagging indicators. Cost estimating. Construction. Space planning.