scholarly journals Demand forecasting in Small and Medium Enterprises (SMEs) ED Aluminium Yogyakarta using causal, time series, and combined causal-time series approaches

2018 ◽  
Vol 204 ◽  
pp. 01004 ◽  
Author(s):  
Wildanul Isnaini ◽  
Andi Sudiarso
Keyword(s):  
Time Series ◽  
Small And Medium Enterprises ◽  
Demand Forecasting ◽  
Actual Condition ◽  
Inventory Data ◽  
Inventory Cost ◽  
Forecasting Method ◽  
Medium Enterprises ◽  
Better Than

ED Aluminium is the biggest Small and Medium Enterprises (SMEs) in Daerah Istimewa Yogyakarta (DIY) with 90 number of workers and 1,5 ton ingot capacity for production (Isnaini, 2014). Inventory data in December 2015 indicates that some products are overstocked (9%) and stockout (83%). This condition can happend because that SMEs still using intuition to predict the number of demand. Inventory fluctuation causes the inventory cost increases while overstock happend and lost the opportunity cost during stockout. To avoid overstock and stockout, the determination of demand with exact method is needed and one of them can be solved by forecasting method. This study aims to find the best forecasting methods of demand in 2015 using causal, time series, and combined causal-time series approces that better than the actual condition. The results of this research is the best forecasting method used to predict the number of sales in January-November 2015, that are SARIMA (3,1,1)(0,1,1)12 for WB, SARIMA (1,1,1)(1,0,1)6 for WSD, SARIMA (1,1,1)(1,1,0)6 for DE, SARIMA (2,1,1)(1,1,0)6 for PE, and SARIMA (2,1,3)(0,1,0)12 for PT.

scholarly journals Determination of Optimal Smoothing Constants for Holt - Winter’s Multiplicative Method

2019 ◽  
Vol 67 (2) ◽  
pp. 99-104
Author(s):  
Md Nayan Dhali ◽  
Nandita Barman ◽  
M Babul Hasan
Keyword(s):  
Time Series ◽  
Time Series Data ◽  
Demand Forecasting ◽  
Real Life ◽  
Series Data ◽  
Seasonal Time Series ◽  
Forecasting Method ◽  
Optimal Smoothing ◽  
Exponential Smoothing Method

There are many trade time series parade having seasonality. This paper ponders on taking the appropriate smoothing constants of seasonal time series data using Holt-Winter’s exponential smoothing method in demand forecasting of toy production in a company. It is a quantitative technique in forecasting. This forecasting method is used three constants that assign weights to current demands and previous forecasts to decide on a new forecast. We have demonstrated the techniques how to choose these constants by presenting a real life example and calculated corresponding forecast value of this technique for the optimal smoothing constants. Dhaka Univ. J. Sci. 67(2): 99-104, 2019 (July)

RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1983-1987
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

scholarly journals Analisis Penggunaan Peramalan dalam Meminimalkan Biaya Simpan Produk Linzhi Plus pada CV. HN

2016 ◽  
Vol 15 (2) ◽  
Author(s):  
Abdan Syakura ◽  
Oktiviandri Hendaryani ◽  
Rafiq Ramadhan
Keyword(s):  
Demand Forecasting ◽  
Herbal Supplements ◽  
Inventory Cost ◽  
Monthly Average ◽  
Average Production ◽  
Forecasting Method ◽  
High Production ◽  
Inventory Control Problem ◽  
Product Inventory ◽  
And Storage

<em>CV. HN is a manufacturer of herbal supplements which products are mostly made from mushroom. Lingzhi Plus is one of their products. The product inventory data from October 2014 until September 2015 showed that the monthly average production was 111 units, the monthly average sales was 103 units, and the remaining product inventory at the end of the year was 108 units. The products that approaching the expiration date will be sold with a discount of 20%. The high amount of remaining products leads to high  production and storage cost. Therefore, companies should resolve the inventory control problem. This study proposes a method for controlling inventory and production by selecting the best demand forecasting method. The forecasting method MA4 shows the smallest error value which is known from MAD value of 30.66. By using the proposed method of forecasting, the company will earn saving of Rp 915,939.40 of inventory cost</em>

RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1149-1153 ◽  
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

scholarly journals Model Penentuan Harga Jual dengan Metode Time Driven Activity Based Costing Pada UMKM ”Sale Pisang” di Kabupaten Banyuwangi

2021 ◽  
Vol 6 (1) ◽  
pp. 36
Author(s):  
Deddy Kurniawansyah
Keyword(s):  
Small And Medium Enterprises ◽  
Analysis Data ◽  
Selling Price ◽  
Net Income ◽  
Activity Based Costing ◽  
Product Cost ◽  
Computing Model ◽  
Compute Model ◽  
Medium Enterprises

The purpose of this study to examine (1) how the stages of the production process for “Sale Pisang Product’ that affects the determination of the selling price of Micro, Small, and Medium Enterprises in Banyuwangi? (2) How is the selling price computing model "Banana Sale Products" able to determine a competitive selling price for Micro, Small and Medium Enterprises in Banyuwangi?. This Study used survey, qualitative exploratory and action. The analysis data used triangulation method. The results obtained in this studi is the process of computing the production cost of “Sale Pisang Product” still uses a traditional method, so that the resulting product cost is distorted and the selling price becomes uncompetitive. In fact, the product cost compute model using Time Driven Activity Based Costing provides more accurate and informative information for Micro, Small and Medium Enterprises actors in making decisions such as determining the selling price. The Time Driven Activity Based Costing method is able to reduce costs and increase the net income of each “sale pisang” variant. The contribution of this study is expected to create competitive selling price of “Sale Pisang Product” and improve the economic competitiveness of Kab. Banyuwangi is more dynamic based on the potential of natural resources and local wisdom.

scholarly journals A Excel for Accounting Assistance as the Solution for SME PT. JAB Surabaya

2019 ◽  
Vol 2 (2) ◽  
pp. 107-120
Author(s):  
Titis Puspitaningrum Dewi Kartika ◽  
Nosy Yodi Metana ◽  
Sri Lestari Kurniawati
Keyword(s):  
Financial Management ◽  
Small And Medium Enterprises ◽  
Financial Statement ◽  
Accounting System ◽  
Financial Reports ◽  
Financial Report ◽  
Accounts Receivable ◽  
Coffee Powder ◽  
Medium Enterprises

Several studies suggested that most of Small and Medium Enterprises (SMEs) only noted the amount of money received and expended, the amount of bought and sold goods, and the amount of accounts receivable/debt. However, the note is functioned as reminder but not supported with the format desired by the banks. Even though, they are still able to know the amount of final capital each year which is almost the same as if we took a note by using accounting system. Therefore, Small and Medium Enterprises (SMEs) are directed through assistance to start taking notes of its business activities in accordance with the Accounting Standards Entities of Micro, Small and Medium Enterprises (SAK EMKM) simply and completely as needed. Basically, the partner's problem in this assistance was due to the accounting administration of financial management at PT. JAB which is not properly arranged such as the determination of HPP. This SME produces coffee powder, chocolate and green tea beverages. It reaches income of Rp. 50.000.000,- per month with the total 3-5 employees and has carried out bookkeeping which is currently experiencing loss. It has already made an excel financial report but in determining HPP, the process costs are not taken into account so that this has no basis. The result of this assistance is the establishment of financial statement which is correct and appropriate in accordance with SAK EMKM. This study is finally able to solve the problem in determining the amount of HPP due to the lack of synchronization between the production data and accounting department. In addition, this study successfully minimizes errors in determining the amount of inventory which affects the error in determining HPP. The problem faced by every SME must be different so that we are expected to provide assistance in making financial reports.

scholarly journals MICRO, SMALL, AND MEDIUM ENTERPRISES TAXPAYER PERCEPTION ON THE DETERMINATION OF FINAL INCOME TAX POLICY ACCORDING TO GOVERNMENT REGULATION NUMBER 23 YEAR OF 2018

2019 ◽  
pp. 174-182
Author(s):  
Lina Said
Keyword(s):  
Income Tax ◽  
Government Regulation ◽  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Tax Rates ◽  
Income Tax Policy ◽  
The Government ◽  
Knitting Industry ◽  
Medium Enterprises

The Government has issued a new provision on Income Tax on Micro, Small, and Medium Enterprises (MSMEs), namely Government Regulation Number 23 the Year of 2018 about Income Tax Of Businesses Received or Obtained by Taxpayers Who Have Certain Gross Circulation, effective from 1st July 2018. The Government Regulation revokes Government Regulation Number 46 the year 2013 which has been effective for five years since its enactment on 1st July 2013. This new regulation is considered very important, especially for MSMEs because it regulates the reduction in final income tax rates for MSMEs with a turnover of maximum Rp. 4.8 billion per year, to 0,5% originally 1% (Government Regulation No.46/2013). The method used is descriptive analysis with a quantitative approach using questionnaires with respondents are MSMEs taxpayers in the knitting industry. The results of the research show that in general, knitting industry MSMEs do not know and understand about the implementation of Government Regulation Number 23 the Year of 2018. Taxpayer's perception of fairness is at 3.04, Certainty at 3.14, Convenience 3.20, and Economy/Efficiency 3.50.

scholarly journals Decreasing Total Inventory Cost by Controlling Inventory in Motorcycle Dealer

2020 ◽  
Vol 22 (2) ◽  
pp. 41-49
Author(s):  
David ◽  
Engmir ◽  
Irwan Budiman ◽  
Jusra Tampubolon
Keyword(s):  
Inventory Management ◽  
Demand Forecasting ◽  
Spare Parts ◽  
Order Quantity ◽  
Inventory Cost ◽  
Safety Stock ◽  
Safety Stocks ◽  
Forecasting Method ◽  
Total Inventory ◽  
Abc Analysis

This research was conducted at one of the motorcycle dealers in Indonesia. Besides selling motorcycles, this dealer also provides services to repair motorcycles and sells genuine motorcycle parts. Inventory management which the company carried out is still not good enough because there are still demand for spare parts from consumers that cannot be fulfilled by the company. The purpose of this study is to draw up a plan to control spare parts by paying attention to the spare parts that need to be considered, estimating the exact number of spare parts demand, knowing the smallest total inventory cost, knowing the amount of safety stock needed, and knowing when to reorder. In preparing the spare parts control, the methods used are ABC analysis, demand forecasting method, and EOQ method. The results of this study are plans to control the inventory of Tire, Rr. such as the forecasting sales of Tire, Rr. as many as 17338, economic order quantity of Tire Rr are 2158 units, the number of safety stocks of Tire, Rr. needed in 2020 are 1738 units, and the reorder point in 2020 is 8 times with the total inventory cost for Tire, Rr. in 2020 is Rp. 30,009,005.

scholarly journals MiPyme En el Giro Industrial : Factores de Competencia

2017 ◽  
Vol 13 (34) ◽  
pp. 80
Author(s):  
Jesús Francisco Mellado Siller ◽  
Edith Reyes Ruiz ◽  
Adriana Méndez Wong
Keyword(s):  
Customer Satisfaction ◽  
Small And Medium Enterprises ◽  
Internal Marketing ◽  
Factorial Analysis ◽  
Main Factors ◽  
Medium Enterprises ◽  
Better Than ◽  
Market Changes

The present study aims to determine which of the factors that considers the industrial small and medium enterprises. It makes them feel that they are better than their competitors. For this purpose, a factorial analysis of the variables was applied. These are findings which show that only two are the main factors in the industry. First, it involves what is related to internal marketing in terms of efficient processes, satisfied employees, and companies that have good performance and which are more profitable. Second, it also entails what concerns competitiveness. Here, we have the items of higher quality products, customer satisfaction, and adaptation to market changes that improves their intangible value.

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