ABC and HML Analysis for Material Management – Case Study of Commercial Building Project

Abstract

Materials management is an important element in project planning and control. Materials represent a major expense in construction, so minimizing uncontrolled material cost presents important opportunities for reducing costs. It can be very effective for a company with commercial building projects as it accounts for about 50-60% of the project cost. There are various Methods used by company like ABC, EOQ, FSN, HML, XYZ, SOS, VED, GOLF, SDE. In this study we focused on the HML and ABC analysis. The data collected is for the 6 months of the project work from the Vardhaman infra works commercial building site. In this study only the general and important items are used for the case study.