Benifits of Supply Chain Management in construction

Supply chain in construction is term which means interrelated hierarchy of supply contracts necessary to produce a built asset. Managing the supply chain involves understanding the breakdown of product, services, organizations, resources, activities that are engaged in construction of the project and it increases control and profit of the project. The importance of supply chain management is very effective in context of improving companies’ performance. Although construction industry is difficult field as every project is dramatically unique prototype with different types, sizes and complexions developed by team of consultants but with construction supply management it becomes easy to tackle the challenges coming the way. This paper discusses the hurdles in project without supply chain management, components and benefits of supply chain management in construction sector.