Description
Learn how to implement profitable construction supply chain management and avoid the potential risks.The construction process has changed in complexity over time the primary objective of the industry is basically the same as it was 100 years ago to build infrastructure, roads, schools, homes, hospitals, factories and other businesses. In 2019, approximately 4 trillion was spent in the United States in the construction industry. Construction sourcing risk involves all of the entities in the supply chain the project owner, architect, general contractor, prime contractor, subcontractors, materials suppliers and equipment providers. The potential for mistakes and problems is magnified by the interrelationships between these entities.
Date: 2021-02-11 Start Time: End Time:
Learning Objectives
Introduction
Manufacturing Risk vs. Construction Risk
Types of Construction Projects
• Vertical
• Horizontal
Supply Chain Management and Competitive Construction Operations
• Supply Chain Partnerships
• Traditional vs. Relational Construction Operations
• The Construction Sourcing Process
• Labor
• Materials
• Equipment
Construction Supply Chain Relationship Management
Construction Materials Sourcing
Subcontractor Selection, Evaluation and Monitoring
Preparation of the Bid Package/Request for Quotations
The Competitive Bidding Process
• The Competitive Bidding Trap
• Bidding Not to Get a Job
Contract Types and Pay Items
• Lump Sum Contracts
• Unit Price Contracts
• Design-Build Contracts
• Negotiated Contracts
• Private Public Partnerships
Construction Equipment Planning
• Buying Strategies
• Leasing Strategies
Construction Supply Chain Business Models
• Private Sector
• Public Sector
Implementation of a Profitable Construction Supply Chain Management System
APICS ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
W.C. Benton, Jr.-The Ohio State University
