THE ROLE OF THE QUANTITY SURVEYING PROFESSION IN THE FAST-MOVING CONSUMER GOODS INDUSTRY IN SOUTH AFRICA: A LITERATURE REVIEW
This study investigates the role of quantity surveyors (QS) in addressing challenges existing in the South Africa's Fast-Moving Consumer Goods (FMCG) industry, such as decaying infrastructure and lower profit margins. Literature review was the research approach that was used in order to collect data for this paper. Results of the study confirmed that the quantity surveying profession has significant role to play in the FMCG industry by supporting the industry through creation of new and improvement of aging and dilapidated road infrastructure, warehousing facilities and other related infrastructure assets used in the FMCG industry. The study also noted that the quantity profession can assist the FMCG industry to plan and save its infrastructure related costs. Additional roles which were identified that the quantity surveying profession can play in the FMCG industry include: valuations services, adoption of sustainable and environmentally friendly infrastructure development and management practices. Through this contribution, the study noted that the quantity surveying profession can support the FMCG industry to maximise its profit margins and turn it around to become a more efficient and competitive industry towards its customers and the economy at large. The study recommends more engagement between the quantity surveying profession and all stakeholders in the FMCG industry and other relevant sectors in the economy to identify areas of cooperation aimed at improving the FMCG industry.
Quantity Surveying Profession, Fast-Moving Consumer Goods Industry, Infrastructure, South Africa.