Analysis of Supply Chain Management in EPC Projects
The management of supply chains in Engineering, Procurement, and Construction (EPC) projects is critical for ensuring timely and efficient project delivery. This paper provides an overview of the EPC contracting model and explores the unique characteristics and significance of supply chain management within EPC projects. It examines the key challenges faced in managing supply chains in EPC projects, including complexity, uncertainty, delays in delivery, material shortages, and communication issues. Strategies to address these challenges are discussed, such as cross-functional collaboration, effective contract management, supplier selection and evaluation, and the implementation of technological innovations and digital solutions.
Understanding the complexities of supply chain management in EPC projects is crucial for stakeholders involved in large-scale construction endeavors. By identifying challenges and implementing effective strategies, project managers can enhance efficiency, mitigate risks, and improve project outcomes. This research contributes to the body of knowledge in the field of project management and offers valuable insights for future research and practical applications in the construction industry.
Keywords: EPC projects, Supply chain management, Challenges, Strategies.
