What are the implications of a shift in inventory and procurement models from the 'just-in-time' approach to a 'just-in-case' approach?

Asked 2 years ago

2021-11-24 16:49:46

From being seen as a wasteful and inefficient use of resource, holding of stock/inventory has rapidly become a key consideration for the construction industry, but is this the right pathway?
> What are the implications for the construction industry?
> To what extent is it now a key risk mitigation strategy in your business?
> What other strategies do you use to mitigate materials supply risks?
> How might a shift to JIC models impact ongoing inflation concerns?
> Does it encourage use of more locally sourced products?
> Will it take pressure off already stressed delivery programmes or will it encourage demand for even shorter programmes?
> Is the JIT model now inappropriate or does it just need de-stressing?
> Will it reduce product choice for customers?
> How might it help the off-site manufacturing agenda?

What are your views, or do you think materials shortages are just a phase that will have no longstanding consequences?

Please share experiences of how you have approached the matter whether for projects you are involved with, whether you are a supplier, specialist contractor, General Contractor or Employer/Developer?

Attachments

Steve Hardy
Steve Hardy
Director at Steve Hardy Consulting Ltd

Asked on Wed, Nov 24, 2021 4:49 PM

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