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

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 36 © 2023 Global Journals FIFO 100% 90% 80% 70% 60% 50% 40% Strongly Agree(%) Strongly Disagree(%) Disagree(%) RNPP DMR GWTP MUSCCFPP Fig. 18: FIFO Analysis Practices From the questionnaire survey in those five projects, we found that almost all projects have practices of this tool whereas the project RNPP has maximum practices (93%). All projects follow FIFO Analysis only in the case of construction chemicals. VI. C onclusion Maximum mega projects are a new experience in Bangladesh. Different companies in different countries work on these projects and different tools and techniques of their selves exist here. So, most mega projects face different challenging. A successful construction project completion mostly depends on overcoming all inventory management challenges and proper implementation of inventory management tools and techniques. A manufacturing company implements inventory management tools considering annual demand and it is a continuous process but in the case of a project, the demand is fixed as per drawing. So, all tools are not perfect for a construction project. We find from this research that each and every project exist more or less different challenges that have been explained with cause. After surveying five mega projects in Bangladesh, we also observe that some inventory management tools are practiced and some are not. An effective inventory management software like SAP, ERP, and Barcode system may be implemented on the basis of project types. Abbreviation: RNPP: Rooppur Nuclear Power Plant GWTP: Gandharbpur Water Treatment Plant MUSCCFPP: Matarbari Ultra Super Critical Coal Fired Power Plant Project DMRP: Dhaka Metro Rail Project DCRP: Dohajari-Cox’s Bazar Railway Project FIFO: First in First Out R eferences R éférences R eferencias 1. S. R. L. A. S. R. Z. a. N. C. K. Narimah Kasim, "Materials Tracking Practices for Inventory Management in Construction Projects," 2018. [Online]. Available: https://core.ac.uk/display/42954 261?utm_source=pdf&utm_medium=banner&utm _campaign= pd f-decoration-v1. 2. D. a. V. S.Sindhu, "Performance Analysis of Inventory Management System in Construction Industries in India," International Journal of Inno- vative Research in Science, vol. 3, no. 4, 2014. 3. V. S. I. Jayanth, "A DESCRIPTIVE STUDY ON INVENTORY CONTROL MANAGEMENT IN CONSTRUCTION INDUSTRIES," International Research Journal of Engineering and Technology (IRJET), vol. 5, no. 2, 2018. 4. J. S. M. A. D. P. Patil, "Application of Inventory Management in Construction Industry," International Journal on Recent and Innovation Trends in Computing and Communication, vol. 5, no. 6, 2017. 5. M. S. A. P. A. Patel, "Effective Management of Construction Material Using Inventory Control Techniques on Commercial Building Project," International Journal for Research in Applied Science & Engineering Technology (IJRASET), vol. 7, no. IV, 2019. 6. R. D. a. P. D. Patel, "Influence of Material Management on Construction Project," International Research Journal of Engineering and Technology (IRJET), vol. 6, no. 4, 2019. 7. A. P. G. N. D. Gamane Ankush K., "Use of EOQ & BEP in Construction for Material Management," International Journal for Research in Applied Science & Engineering Technology (IJRASET), vol. 7, no. V, 2019.