An Appraisal Of Supply Chain Management Essay - 2237 Words

2.5 AN APPRAISAL OF SUPPLY CHAIN MANAGEMENT IN CONSTRUCTION INDUSTRY Evolution of SCM started with manufacturing industry and retailers with construction industry been unable to adapt quickly but Akintoye et al, (2000); Vrijhoef and Koskela, (2000); Dainty et al (2001a) opine that many construction organizations have now realized and increase their interest in SCM concept. This approach is been used in tackling various problems associated with basic construction operations like: inadequate flow of information from the consultants to the contractor; inability to properly evaluate the risk associated with construction task; rise in price competition due to adversarial approach in material sourcing; dishonesty, environmental fear and frustration. Application of SCM philosophy could be deploy to reduce overall construction costs by collaborating with subcontractors and suppliers during the design stage with a view to apply their technical knowledge of the materials and products alternative in ensuring that the client gets value for every money spent. When early involvement of contractor, sub-contractor and suppliers in the project procurement process is employed, individual and collective expertise could lead into unimaginable cost savings, better design with excellent functionalities, better working relationship among stakeholders and reduce time of execution because grey areas would have been cleared out before the commencement of construction and where this has not beenShow MoreRelatedVitality Health Enterprises Inc Essay examples1464 Words   |  6 PagesGRADUATE SCHOOL OF BUSINESS Performance Management at Vitality Health Enterprises, Inc Case Report By Leonardo Imerne Strategic Human Resources Management (SHM910M) Date: 21 June 2014 2 EXECUTIVE SUMMARY This report will focus on the performance management at Vitality Health Enterprises, Inc, which is a cosmetics and beauty products oriented business. The business started off well with a fast expansion approach. 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