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Supply chain management class lectures_218375574-Effective-supply-chain-management-in-construction

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Effective Supply Chain Management in the Construction Industry
Aims and Objectives
The present thesis aims to investigate the various significant impacts that supply chain
management (SCM) has in the construction industry. The main goal of this piece of research
is to discover, to understand and to predict which, more precisely, are the most important
and impacting aspects of SCM that dictate projects’ success in the construction industry. In
order to achieve this goal, an assessment of a number of theories explaining different SCM
aspects of the strategic management of the construction industry will be performed.
The emerging objectives of this research are:
Research and scrutinize the conventional SCM strategies applied in the construction
industry.
Examine and review different strategies for internal and external constructions SCMs
and investigate different business intelligence solutions adapted for the construction
SCM.
Analyse the impact of potential business intelligent systems (BIS) designed to tackle
the SCM and analyse their role and possibilities in the Constructions Industry.
Critically investigate the basic problems encountered by construction supply chains.
Research and examine to which extent SCM is offering practical solutions for an
effective development of the Constructions Industry.
Gather information via desk-based research from a wide range of SCM representative
studies and perform a qualitative analysis.
Make recommendations about a number of potential directions for effective SCM in
the constructions field.
Observe and mention potential improved strategies for further studies and researches.

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Introduction
Background
In present days, the ability to deliver personalised products and services rapidly and in time
all over the world is considerably significant for the performance of any company. As a
result, companies have focused their attention to supply chains solutions in order to satisfy
their clients. A company’s ability to create unquestionable and timeless business connections
with all their specific partners, such as clients or contractors, proved to be a decisive
competitive characteristic (Jespersen, Skjott-Larsen, 2005). Many corporations increased
their activity and compete in an environment surrounded by changeable and chaotic markets;
customers’ necessities change frequently, in different conditions generated by fragmented
markets, where most customers have a lot of demands for products and services, determined
by markets’ continuous need for product diversity and characteristic services. In conclusion,
global competition determines businesses to produce superior but cheaper products and to
have faster services. Based on these difficulties, supply chain management (SCM) was
considered by the corporatist world to be a very useful management tool and a competitive
must have (Jespersen, Skjott-Larsen, 2005). For the last few decades, the examination of
supply chain management (SMC) has been increasing, becoming an intricate discipline on
which many researchers pointed their attention (Mentzer, 2001). The importance and value of
the SCM forced companies to become more alert and, as a result, there has been increasing
interest in supply chain reporting and enterprise analysis towards establishing the factors that
may be used to achieve business-related goals, such as the control of costs, customer
satisfaction, and the optimisation of resources good relationships with business partners
(Mentzer, 2011, p 234).
Construction industry’s growing Interest of the in Modern SCM Facilities
The economic literature shows that supply chain management refers to the administration of
interconnected different businesses requesting the supplying of a number of products
packages and services demanded by a particular end customer within a supply chain (Wisner,
Tan and K. Leong, 2008). While the end customers try to remain focused on its main field of
activity, attempting to be more flexible to clients’ demands, they keep under control their

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Effective Supply Chain Management in the Construction Industry Aims and Objectives The present thesis aims to investigate the various significant impacts that supply chain management (SCM) has in the construction industry. The main goal of this piece of research is to discover, to understand and to predict which, more precisely, are the most important and impacting aspects of SCM that dictate projects’ success in the construction industry. In order to achieve this goal, an assessment of a number of theories explaining different SCM aspects of the strategic management of the construction industry will be performed. The emerging objectives of this research are:  Research and scrutinize the conventional SCM strategies applied in the construction industry.  Examine and review different strategies for internal and external constructions SCMs and investigate different business intelligence solutions adapted for the construction SCM.  Analyse the impact of potential business intelligent systems (BIS) designed to tackle the SCM and analyse their role and possibilities in the Constructions Industry.  Critically investigate the basic problems encountered by construction supply chains.  Research and examine to which extent SCM is offering practical solutions for an effective development of the Constructions Industry.  Gather information via desk-based research from a wide range of SCM representative studies and perform a qualitative analysis.  Make r ...
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