Title :
Research on the Strategy of Construction Material Procurement When the Price Fluctuation Is Considered
Author :
Yang Gaosheng ; Huang Ge ; Gao Hui
Author_Institution :
Dept of Project Manage., Hohai Univ., Nanjing, China
Abstract :
Analyzed the contractor´s material procurement process and management, and put forward that the contractor should use the quantitative order methods to order the material. Ensure the material supply timely, at the same time, also considered the impact of price fluctuations, and accordingly two kinds of procurement adjustment strategy are given, which can make the procurement cost and total inventory cost achieve the lowest. Finally, though a case study validated the method usability. It can guide the procurement of construction materials effectively.
Keywords :
building materials; costing; inventory management; procurement; construction material procurement; material procurement process; material supply; price fluctuation; procurement adjustment strategy; procurement cost; total inventory cost; Construction industry; Economics; Fluctuations; Logistics; Materials; Procurement; Steel;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5575829