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

In the case of mega, foreign aid, critical, foreign materials dependent, vast, and specification projects are risky to follow just in time. But in the case of some materials, it may be implemented by analyzing the supplier’s ability. But the small construction industry may be implemented this tool. Finally, I want to say that, it is not effective to bring and store the materials long before they need because it increases the holding cost of inventory, and capital is retained. Now I will show the Just in Time practices in construction projects in Bangladesh through a graph where I consider five mega construction projects (RNPP, DMRP, GWTP, DCRP, MUSCCFPP) in Bangladesh. Fig. 17: Just-in-Time Practices The questionnaire survey and the above graph found that this tool is not followed in the case of all materials, it is followed only in the case of certain materials and it is also depending on the project location. Among the analyzed five projects, the Dhaka Metro Rail project (79%) mostly follows this tool because Dhaka is the capital and crowded city in Bangladesh and here space is not available to store goods. The availability of materials in Dhaka city and the delivery warehouse of suppliers nearest the project also inspired this project to implement this tool. On the other hand, remote projects from Dhaka city like MUSCCFPP, and DCRP comparatively fewer practice this tool. g) FIFO Analysis FIFO Analysis is an inventory management technique in which the items that have been received or purchased first and stocked up in the warehouse, must be sold or shipped first from the warehouse. In a construction project, it may be used for the proper valuation of inventory and to protect goods from spoilage. The materials which are not allowed to use when they cross the expiry date and the materials that lose their functionality and quality after crossing the expiry date must implement the FIFO analysis method. All mega projects in Bangladesh use a variety of chemicals, waterproofing materials, and paints that should strictly maintain FIFO analysis and never should order a huge quantity rather than a certain period of demand. The store personnel should record of receiving date, batch number, and expiry date in the case of this kind of material. Some common chemicals that are used in construction projects in Bangladesh are: 1. Admixture 2. MasterEmaco 3. Conbextra Gp2 4. Sika Anchorfix 5. MasterRheobuild 623 6. MasterFlow 7. Sika Grout 8. Master Top 9. Master seal 10. Hot Bitumen 11. Mastic 21 12. Bitumen prime coating 13. Technonicol primer 14. Paints 15. Red oxide 16. Wall Putty etc. Now I will show the FIFO analysis practices in construction projects in Bangladesh through a graph only in the case of construction chemicals where I consider five mega construction projects (RNPP, DMRP, GWTP, DCRP, MUSCCFPP) in Bangladesh. Just in Time 100% 80% 60% 40% Strongly Strongly 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 35 © 2023 Global Journals