Global Journal of Management and Business Research, F: Real Estate, Event and Tourism Management, Volume 23 Issue 3

Fig. 15: FSN Analysis Practices From the questionnaire survey in those five projects, we found that almost all projects have practices of this tool where the project RNPP and GWTP have maximum practices (71%) e) VED analysis (Vital Essential Desirable) VED Analysis is an inventory management technique that classifies the materials according to their functional importance in the project. 1. Vital − Without which process comes to standstill, non- availability cannot be tolerated − Inventory strictly monitored and controlled 2. Essential − Non-availability can be tolerated for a certain period if alternative items are available − Rigid requirements with reasonably controlled 3. Desirable − Non-availability can be tolerated for a long time − Stocked in small amounts, purchased based on usage estimates Now I will show the VED analysis practices in construction projects in Bangladesh through a graph where I consider five mega construction projects (RNPP, DMRP, GWTP, DCRP, MUSCCFPP) in Bangladesh. From the questionnaire survey in those five projects, we found that almost all projects have practices of this tool where the project RNPP has maximum practices (50%) and DCRP and MUSCCFPP have comparatively fewer practices (36%) of this tool. Fig. 16: VED Analysis Practices f) Just in Time (JIT) Just in Time is an inventory management technique in which the required materials are received from the previous fixed and contracted supplier only when the project needs those materials. In this case, materials are not stored but when needed supplier delivers them from his own store. VED Analysis 60% 50% 40% 30% 20% Strongly Agree(%) Strongly Disagree(%) Agree(%) Disagree(%) RNPP DMR GWTP MUSCCFPP DCRP FSN Analysis 80% 70% 60% 50% 40% Strongly Agree(%) Strongly Disagree(%) Agree(%) Disagree(%) RNPP DMR GWTP MUSCCFPP DCRP Inventory Management Practices and Challenges in Mega Construction Projects in Bangladesh Global Journal of Management and Business Research ( F ) XXIII Issue III Version I Year 2023 34 © 2023 Global Journals