Vendor Analysis for Best Buy in Construction
Publication: Journal of Construction Engineering and Management
Volume 117, Issue 4
Abstract
It has been generally recognized that the construction industry needs to improve its efforts in managing the construction material. Studies have shown that the lack or mishandling of construction material can cause loss in productivity, resulting in money wasted. Such unnecessary expenses could be drastically reduced if more emphasis were given on properly managing the consumable and nonconsumable material from the design stage to its final use in the building process. A crucial step in any construction project is the acquisition of the needed material, both bulk and engineered. The quality of the delivered material, the timeliness of the shipments, etc., can far outweigh the importance of the purchasing price. Poor quality may require extensive rework, while late shipments may delay activities on the critical path. Thus, the selection of the proper vendor is very important for the overall performance on the construction site. This paper presents a vendor analysis system that is based on the best‐buy concept. It is demonstrated how the purchasing department's perception of a best buy differs from the priorities of a construction manager. A detailed comparison highlights these differences.
Get full access to this article
View all available purchase options and get full access to this article.
References
1.
Bell, L. C., and Stukhart, G. (1986). “Costs and benefits of materials management systems.” A report to the construction industry institute, Task Force 83‐7, May.
2.
Bell, L. C., and Wooten, R. (1985). “The costs and benefits of construction material management.” Cost Eng. (Morgantown, W. Va.), 27(8), 34–35.
3.
Conley, D. (1986). “Purchasing's role in effective materials management.” Proc. Nat. Material Mgmt. Conf., Construction Industry Institute, May 5–6, 55–67.
4.
Leenders, M. R., Fearon, H. E., and England, W. E. (1989). Purchasing and materials management. 9th Ed. Richard D. Irwin, Homewood, Ill., Boston, Mass.
5.
Marsh, J. W. (1985). “Materials management: Practical application in the construction industry,” Cost Eng. (Morgantown, W. Va.), 27(8), 18–28.
6.
Monks, J. G. (1987). Operations Management‐Theory and Problems, New York: McGraw‐Hill, 3rd Edition.
7.
Project material managment primer. (1988). Materials Management Task Group, Construction Industry Institute, Nov.
8.
“Report on material management.” (1983). A construction industry cost effectiveness project report, appendix A‐6.5 to Report A‐6, Business Roundtable, New York, N.Y.
9.
Stukhart, G., and Bell, L. C. (1986). “Materials management cost effectiveness.” Trans. 20th Annual Meeting, American Association of Cost Engineers, K.2.1–K.2.4.
10.
Thomas, H. R., Sanvido, V. E., and Sanders, S. R. (1989). “Impact of material management on productivity—a case study.” J. Constr. Engrg. and Mgmt., ASCE, 115(3), 370–384.
11.
Treseler, J. F. (1989). “Vendor analysis in the materials management system.” A Special Research Project Report, University of Maryland, College Park, Md.
Information & Authors
Information
Published In
Copyright
Copyright © 1991 ASCE.
History
Published online: Dec 1, 1991
Published in print: Dec 1991
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.