Save Time and Money with the Right Approach to Material Management

Material management is the system to ensure the right quality and quantity of materials are specified in a timely manner and at the lowest possible cost through all construction phases.

For professional contractors, implementing effective material management can have a significant impact on project’s time and cost.

For starters, tracking the quantity of material creates visibility for contractors and owners to identify early warning signs of a problem before it creates a serious impact to the project’s budget and schedule.

In addtition, tracking material can create significant reduction in time spent locating and moving material by referencing accurate storage locations, improving overall project efficiency and reducing potential delays in the project schedule.

Implementation of Lean Construction methods along with proper material management will effectively decrease material waste. Material waste in construction includes rejected structures or materials, materials that have been over-ordered or are surplus to requirements and materials which have been used and discarded.

Since materials make up a major percentage of the project budget, accurately forecasting and planning for material costs throughout the project ensures the previously outlined key benefits are better achieved and potentially improved.

Depending on the size and complexity of the construction project, there are a number of technology solutions that can be implemented to enhance effective material management processes. GPS locations, RFID tags, Bluetooth/NFC devices and QR codes can be implemented to track individual pieces of material. Drones and remote access cameras can be used to track and identify the location of large storage locations as well as equipment required to manage installation of material.

This data empowers companies with the ability to analyze material costs and better execute current and future projects based on data-driven decisions.

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