scholarly journals EFECTOS DEL MODELO DETERMINÍSTICO E.O.Q. EN LAS COMERCIALIZADORAS DE PRODUCTOS DE CONSUMO MASIVO, MILAGRO – ECUADOR

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Freddy Tejada Escobar ◽  
Erika Romero Cárdenas ◽  
Carlos Castillo Yagual ◽  
Isaac Zambrano Aguilar
Keyword(s):  
Inventory Management ◽  
Deterministic Model ◽  
Consumer Products ◽  
Economic Order Quantity ◽  
Optimum Level ◽  
Order Quantity ◽  
Deterministic Models ◽  
Palabras Clave ◽  
The Right ◽  
Financial Losses

El objetivo fundamental de este trabajo analiza los efectos que induce la aplicación del Modelo Determinístico en el proceso de abastecimiento de inventario, a través de revisión de registros, control de movimientos para evitar pérdidas financieras. La metodología a seguir en esta diagnosis se llevó a cabo mediante la aplicación de métodos de modelos determinísticos que permiten diseñar un modelo de gestión de inventarios y mejorar sus niveles de eficiencia. El estudio fue realizado a las comercializadoras de productos de consumo masivo, que se encuentran radicadas en el casco comercial de la ciudad de Milagro. Los resultados obtenidos emiten principales beneficios en el control de rotación de mercadería, facilita la constatación del inventario y su control físico así como también la transferencia de los productos. Se demuestra mediante la aplicación del modelo E.O.Q (Cantidad Económica Pedido), conocer con exactitud la cantidad precisa cuando la existencia se encuentre en un nivel óptimo y poder realizar el pedido necesario, disminuyendo los costos de almacenaje. Palabras Clave: Productos de consumo masivo, Control de inventario, Abastecimiento, Modelos Determinísticos E.O.Q. ABSTRACT The main objective of this paper is to analyze the effects caused by the application of Deterministic Model in the procurement process inventory, through review of records, control moves to avoid financial losses. The methodology followed in this diagnosis was carried out by applying methods of deterministic models to design a model of inventory management and improve efficiency levels. The study was conducted to marketers of consumer products, which are based in the commercial town of Milagro. The results issued major benefits in controlling rotation of goods, facilitates the finding of inventory and physical control as well as the transfer of products. It is demonstrated by applying the model E.O.Q (Economic Order Quantity), know exactly the right amount when existence is at an optimum level and need to place the order reducing storage costs. Keywords: Consumer products, Inventory Control, Supply, deterministic models EOQ. Recibido: diciembre de 2015Aprobado: mayo 2016

scholarly journals Application of the Economic Order Quantity (EOQ) Method in Analyzing Rice Inventory Control.

2021 ◽  
Vol 10 (1) ◽  
pp. 1-8
Author(s):  
Artika Lestari Taraja
Keyword(s):  
Inventory Control ◽  
Inventory Management ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Optimum Level ◽  
Order Quantity ◽  
Total Cost ◽  
Inventory Costs

Problems that often occur in the trading business include excess merchandise inventory and insufficient merchandise inventory. In overcoming these problems, inventory management is needed to analyze the optimum level of inventory. The Economic Order Quantity (EOQ) method can answer the problems that are often experienced by these trading businesses. The total cost of merchandise inventory according to UD. Benget Do is IDR 83,644,065, - while according to the Economic Order Quantity (EOQ) method, it is IDR 34,345,694.93. It is proven that the number of orders is more optimal with the Economic Order Quantity (EOQ) method with savings in inventory costs of 41% of company costs.

scholarly journals PERENCANAAN DAN PENGENDALIAN PERSEDIAAN BAHAN BAKU PAIL CAT MENGGUNAKAN METODE MATERIAL REQUIRMENT PLANNING (MRP) PADA PT. XYZ

JUMINTEN ◽  
2020 ◽  
Vol 1 (4) ◽  
pp. 163-172
Author(s):  
Vify Elviana ◽  
Akmal Suryadi
Keyword(s):  
Inventory Management ◽  
Consumer Demand ◽  
Raw Materials ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Material Requirements Planning ◽  
Total Cost ◽  
Material Requirements

Persediaan merupakan aset perusahaan yang memiliki peran penting dalam operasi bisnis, sehingga perusahaan penting untuk melakukan manajemen persediaan yang baik, artinya perusahaan harus mampu mengantisipasi kendala maupun tantangan yang ada dalam pengelolahan persediaan untuk meminimalisasi total biaya yang harus dikeluarkan oleh perusahaan. Permasalahan yang timbul pada persediaan bahan baku di PT XYZ adalah perusahaan melakukan perencanaan dan pengendalian bahan baku hanya berdasarkan pada pengalaman-pengalaman sebelumnya dan tidak berdasarkan pada metode yang sudah baku. Oleh karena itu pembelian bahan baku tidak sesuai dengan permintaan konsumen. Hal tersebut sering menyebabkan terjadinya kelebihan maupun kekurangan stok bahan baku. Kesalahan dalam penentuan besarnya investasi dalam persediaan akan mengurangi keuntungan perusahaan. Adanya persediaan bahan baku yang terlalu besar, akan menambah beban biaya pemeliharaan dan penyimpanan dalam gudang, serta kemungkinan terjadinya penurunan kualitas bahan baku yang dapat menyebabkan berkurangnya keuntungan perusahaan. Namun jika persediaan bahan baku terlalu sedikit maka akan berakibat pada terhambatnya proses produksi, sehingga tidak terpenuhinya permintaan konsumen. Hasil penelitian ini dapat menyimpulkan bahwa perencanaan kebutuhan bahan baku dengan metode perusahaan didapatkan total cost sebesar Rp 1.796.762.429,-, sedangkan metode Material Requirements Planning (MRP) didapatkan total cost sebesar Rp 1.576.011.801,-. Maka dapat disimpulkan telah terjadi penurunan total cost seluruh bahan baku sebesar 12,28%. Hal ini membuktikan bahwa metode Material Requirements Planning (MRP) lebih efisien daripada metode PT. XYZ. Oleh karena itu untuk mendapatkan total cost yang minimum, metode Material Requirements Planning (MRP) diterapkan pada periode Februari-Juni 2020 sehingga didapatkan total cost sebesar Rp 1.576.011.801,-. Kata Kunci:         Material Requirements Planning (MRP), PT XYZ, Pail Cat, Economic Order Quantity (EOQ), Period Order Quantity (POQ), Lot For Lot (LFL). ABSTRACT                     Inventory is a company asset that has an important role in business operations, so the company is important to conduct good inventory management, meaning that the company must be able to anticipate obstacles and challenges that exist in managing inventory to minimize the total cost to be incurred by the company.The problem that arises in the supply of raw materials in PT XYZ is that the company plans and controls raw materials based only on previous experiences and not based on established methods. Therefore, the purchase of raw materials is not in accordance with consumer demand. This often leads to excess or shortage of raw material stock. Mistakes in determining the amount of investment in inventories will reduce company profits. The availability of raw materials that are too large, will add to the burden of maintenance and storage costs in the warehouse, as well as the possibility of a decline in the quality of raw materials that can lead to reduced company profits. However, if the supply of raw materials is too little, it will result in obstruction of the production process, so that consumer demand is not fulfilled. The results of this study can conclude that the planning of raw material needs by the company method obtained a total cost of Rp 1,796,762,429, - while the Material Requirements Planning (MRP) method obtained a total cost of Rp 1,576,011,801, -. Then it can be concluded that there has been a decrease in the total cost of all raw materials by 12.28%. This proves that the Material Requirements Planning (MRP) method is more efficient than the PT. XYZ. Therefore, to get the minimum total cost, the Material Requirements Planning (MRP) method was applied in the February-June 2020 period so that a total cost of Rp 1,576,011,801 was obtained.   KeyWords: Material Requirements Planning (MRP), PT XYZ, Pail Cat, Economic Order Quantity (EOQ), Period Order Quantity (POQ), Lot for Lot (LFL).

Analisis Pengendalian Persediaan Barang Pupuk Dengan Metode Economic Order Quality Pada Perusahaan Maju Mapan

2021 ◽  
Vol 2 (1) ◽  
pp. 7-14
Author(s):  
Dini Fitriani
Keyword(s):  
Inventory Management ◽  
Management Policy ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Sales Process ◽  
Main Activity ◽  
A Company

The Maju Mapan Company is a company engaged in trading, whose main activity is selling fertilizer types. In carrying out sales activities, it is closely related to merchandise inventory which is an important component that must be available for the smooth running of the sales process. This study aims to determine the quantity of economical fertilizer merchandise inventory using the Economic Order Quantity method. From the results of calculations that have been done by comparing the current trading goods inventory management policy in the company with the EOQ method in the procurement of merchandise, it can be concluded that by using the EOQ method, the quantity of EOQ orders is higher than the order according to the company, but if the company uses the method EOQ, the company will save an inventory cost of Rp. 48,546,480

JIT Inventory Management Strategy

2019 ◽  
pp. 57-74 ◽  
Author(s):  
Alan D. Smith
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Management Strategy ◽  
Economic Order Quantity ◽  
Just In Time ◽  
Order Quantity ◽  
Business World ◽  
Safety Stock ◽  
Operating Process ◽  
Strategic Approach

Implementing a just-in-time (JIT) inventory management strategy seems to be the latest hot topic in the business world, particularly in manufacturing industries. In today's competitive supply chain environment, more and more companies are either adopting JIT methodology or at least beginning to research and understand how JIT would affect their business. But what exactly is JIT? Many companies may be already putting into practice some of the concepts of JIT – such as looking at always improving or trying to reduce waste in terms of product or labor steps. Some companies may be fully ready to embrace a JIT operating process; yet, perhaps JIT is not the best choice for their business. The goal of this chapter is to develop a better understanding of JIT, from this history behind its inception to the various risks and benefits that relate to adopting JIT from an interdisciplinary/strategic approach to a transdisciplinary viewpoint. Those strategies, which include the basic methods of minimum stock, economic order quantity (EOQ), and Safety stock methods, are explored and explained in this chapter.

scholarly journals Optimizing Multi-Item EOQ when the Constraint of Annual Number of Orders is Active

2016 ◽  
Vol 11 (1) ◽  
pp. 55
Author(s):  
Karzan Mahdi Ghafour ◽  
Rezan Hama Rashid
Keyword(s):  
Economic Order Quantity ◽  
Annual Number ◽  
Order Quantity ◽  
Inventory Models ◽  
Lagrange Method ◽  
Left Hand ◽  
Side Condition ◽  
Proposed Model ◽  
The Right ◽  
New Formula

The responsibility in inventory models decides of how much or how many of inventory items to order. An economic order quantity (EOQ) differs from a model to another according to the assumptions and the variables. This paper has developed the EOQ in two deterministic inventory model (Purchases with shortage and production with shortage) of multi-item when the objective function is subjected to annual number of orders. The constraints are assumed to be active if the left hand side does not satisfy the right hand side condition. Thus, Lagrange method is used to find the new multi-item EOQ in each two models with the constraint to achieve the new formula of EOQ. Finally, a numerical example is provided to justify the proposed model.

scholarly journals Manajemen Persediaan Tepung Terigu dengan Metode Economic Order Quantity (EOQ) pada Perusahaan Roti Nikki Echo Payakumbuh

2018 ◽  
Vol 1 (1) ◽  
pp. 21-27
Author(s):  
Desi Rahma Yani ◽  
Mega Amelia Putri ◽  
John Nefri
Keyword(s):  
Inventory Management ◽  
Production Cost ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Company Policy ◽  
Total Inventory ◽  
A Company

Inventory management has an important role in a company because inventory management can decrease production cost. Economic order quantity using to minimize the production cost. Inventory management of flour in bread company Nikki Echo not been seen clearly prove by  so many booking amount. It can giving addition of cost. The purpose of this research is (1) Analyzing optimal flour stock by using EOQ method in bread company Nikki Echo, (2) Analyzing reorder point raw material inventory by using EOQ method in bread company Nikki Echo, (3) Analyzing total raw material inventory cost by using EOQ method in bread company Nikki Echo. This research be held from February 20 until April 19 2018 in bread company Nikki Echo, Tanjung Pauh, Payakumbuh city, West Sumatera province. Flour stock by using EOQ method as much 17.394 kg it means the amount greater than company policy. That amount increase 79,6% from the amount set by company. Frequency of booking less than company policy that is 7 times booking. Amount of reorder by using EOQ method is 10.251 kg with the inventory lead time for 3 days. Total inventory cost by using EOQ method as many Rp 11.445.513. This value small than total inventory cost issued by company policy. Decreasing cost amount 98% from company policy. That cause by ordering amount reduced 33 times or same with 82,5% from the amount before

scholarly journals IMPLEMENTATION OF ECONOMIC ORDER QUANTITY (EOQ) ON INVENTORY EFFICIENCY IN PT. HEALTH TODAY INDONESIA

2020 ◽  
Vol 3 (2) ◽  
pp. 325-332
Author(s):  
Al Adawiyah ◽  
Khoirul Umam
Keyword(s):  
Inventory Management ◽  
Production Efficiency ◽  
Raw Materials ◽  
Secondary Data ◽  
Calculation Model ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Actual Condition ◽  
Order Quantity ◽  
Increase Production Efficiency

Optimal inventory management is one of the main problems that is often encountered in the company's production activities which leads to the company's overall efficiency and profitability. PT. Health Today Indonesia is one of the companies experiencing this problem. Thus, this descriptive research with a quantitative approach aims to find solutions to these problems. Secondary data analysis from the 2013-2016 report uses the Economic Order Quantity (EOQ) calculation model from several divisions that are relevant to the 5 main products namely Fruit Smoothies, Bubble, Trisco, Honey and Sunfield. The results showed that the company was able to increase production efficiency, but this was not an actual condition due to externalities and the company's internal policy to delay the addition of purchases of raw materials and inventory, making the trend of inefficiency of the company's production decreased. Keyword:Economic Order Quantity, Inventory Management, Production

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