scholarly journals Comparative Inventory Control Analysis With Economic Order Quantity (Eoq) And Just In Time Method To Minimize Inventory Costs At UD.Melati Jaya

2021 ◽  
Vol 5 (1) ◽  
pp. 1-7
Author(s):  
KHAIRUNNISA ALMADANY
Keyword(s):  
Inventory Control ◽  
Control Method ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Just In Time ◽  
Control Analysis ◽  
Order Quantity ◽  
Total Cost ◽  
Inventory Costs ◽  
The Cost

The research discusses how To Compare Inventory Control Analysis With Economic Order Quantity (EOQ) Method and Just In Time (JIT) Method To Minimize Inventory Costs At UD. Melati Jaya. This study discusses a comparative analysis of the Economic Order Quantity method and the Just In Time method to minimize inventory costs at UD. Jasmine jaya. The data analysis method used is descriptive qualitative method with comparative research that compares the Econimic Order Quantity (EOQ) method with the Just In Time (JIT) method to the cost efficiency at UD. Melati Jaya. The analysis results from the comparative calculation of inventory control show that the Just In Time Inventory Control method is more appropriate to be applied to Ud. Melati Jaya because the total cost of the inventory is smaller than the total cost of the inventory when using the Economic Order Quantity (EOQ) method.

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.

Unit-Wise Ranking of Inventory Control Techniques Used in Small Scale Cement Enterprises: A Small Scale Entrepreneurial Perspective

2015 ◽  
Vol 3 (2) ◽  
Author(s):  
Vipul Chalotra
Keyword(s):  
Inventory Control ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Small Scale ◽  
Just In Time ◽  
Order Quantity ◽  
Control Techniques ◽  
Material Requirement Planning ◽  
Material Requirement ◽  
Almost All

The present research divulges the different inventory control techniques used small scale cements enterprises operated by small scale entrepreneurs through the assistance of primary data collected from eight small scale cement enterprises operating in SIDCO & SICOP, under DIC (District Industries Center) in District Udhampur of Jammu & Kashmir State. The various inventory control techniques identified and quested for in the research were: Always Better Control (ABC), Economic Order Quantity (EOQ), Material Requirement Planning (MRP), and Just-in-Time (JIT). The results of the ranking table quoted that Economic Order Quantity (EOQ) was awarded first rank by almost all the units representing overall mean score of 1.71, Always Better Control (ABC) was denoted by rank two repressing overall mean value as 2.00, Material Requirement Planning (MRP) was quoted rank three as depicted by its mean ranking (2.25), and Just-in-time (JIT) was accorded rank four (3.71) by almost all the small scale cements entrepreneurs/owners.

Sistem Informasi Pengendalian Persediaan Barang Menggunakan Metode Economic Order Quantity (EOQ)

IJAcc ◽  
2020 ◽  
Vol 1 (2) ◽  
pp. 132-139
Author(s):  
Erna Astriyani ◽  
Desy Apriani ◽  
Meri Mayang Sari
Keyword(s):  
Control System ◽  
System Design ◽  
Inventory Control ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Control System Design ◽  
Order Quantity ◽  
Microsoft Excel ◽  
Total Cost ◽  
Control Information

The system that is currently running in recording inventory at PT Berlina Tbk Tangerang is considered ineffective and efficient because it still uses paper and the process of inputting and recapping goods data is semi-computerized in Microsoft Excel. which causes problems, namely too much stock of goods so that it increases the load in the warehouse and too little stock of goods which results in an exhaustion of stock in the warehouse. To solve this problem, we need an inventory control information system. The method of analysis uses the EOQ (Economic Order Quantity) method. For the system design process using sublime as the writing language and programming PHP, and XAMPP as localhost, the database uses MySQL. This study aims to design an inventory control system in the HRD department at PT Berlina Tbk Tangerang, and to make it easier for the HRD Department to input and create inventory reports. With this research, it can produce an inventory control system design that is more effective and efficient and can find out the storage costs in the warehouse. From the calculation of the EOQ method, it is found that it is 20% smaller than the previous storage and the total cost of ordering in a year is 2x orders. Thus, it means that there is a very real difference between the inventory policies implemented by the company and the EOQ method.

scholarly journals ANALISIS PENGENDALIAN PERSEDIAAN BAHAN BAKU PADA UD. MIE STEVEN KAROMBASAN KOTA MANADO

2017 ◽  
Vol 13 (3A) ◽  
pp. 251
Author(s):  
Megawati ., Sengkeunaung ◽  
Tommy F. Lolowang ◽  
Nordy F.L. Waney
Keyword(s):  
Inventory Control ◽  
Secondary Data ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Primary Data ◽  
The Internet ◽  
Order Quantity ◽  
Inventory Cost ◽  
Total Cost

This research aims to analyze raw material inventory at UD. Mie Steven. This research was conducted for four months from January to April 2017. The data used in this research are primary and secondary data. Primary data obtained through interviews with the company, while secondary data obtained from data that has been compiled in the form of documents from the company, data from BPS, previous research or from the internet. The data is processed using EOQ (Economic Order Quantity) method. The result of the research is known that the policy of raw material inventory control is done by UD. Mie Steven is not efficient yet. This is shown by the company's inventory cost is bigger than the result of analysis using EOQ method is 6,693 Kg with total cost of economical inventory Rp.11.325.500.

scholarly journals Analisis Pengendalian Persediaan Bahan Baku dengan Menerapkan Metode EOQ (Economic Order Quantity) pada PT. Jatisari Furniture Work

2021 ◽  
Vol 5 (1) ◽  
pp. 215
Author(s):  
Arga Sutrisna ◽  
Rizki Ginanjar ◽  
Suci Putri Lestari
Keyword(s):  
Production Costs ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Analysis Tool ◽  
Order Quantity ◽  
Inventory Cost ◽  
Total Cost ◽  
Inventory Costs ◽  
Total Inventory

This research objectives aims to determine and analyze raw material inventory control, the ideal raw material inventory that the company must provide and the efficiency of production costs carried out by Jatisri Furniture Work in Tasikmalaya for the period 2018.11 – 2020.02. The data collection method in this study is by direct observation at Jatisari Furniture Work in Tasikmalaya. Using techniques such us interviews, observation, and documentation. These observations were made in production reports for the years 2018 – 2020. The analysis tool was carried out using the Economic Order Quantity (EOQ) method such us safety stock, reorder point, and total inventory cost. The result of the Economic Order Quantity (EOQ) analysis show that the total cost of raw the material inventory that must be incurred by the company is greater than the total cost of inventories calculated according to the EOQ method. Companies should follow the calculations from the EOQ method so that they can save on raw material inventory costs, so that production costs are more efficient.

scholarly journals Penerapan Metode Economic Order Quantity Dalam Mewujudkan Efisiensi Biaya Persediaan STUDI KASUS PADA PT. SETIAJAYA MOBILINDO BOGOR

2013 ◽  
Vol 1 (3) ◽  
pp. 203-214
Author(s):  
Chandra Herawan ◽  
Udi Pramiudi ◽  
Edison Edison
Keyword(s):  
Consumer Demand ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Costs ◽  
Company Stock ◽  
Market Needs ◽  
The Cost

Inventories are important in making sales for the company to meet consumer demand, so asexpected to be able fill up market needs and utilize existing opportunities to earn income. Ownedstock company must supply the optimum value, so as to meet every demand with minimum cost.then the company can use the method of economic order quantity (EOQ) calculation of theoptimum amount of inventory. By using the EOQ method is the cost incurred for the procurementof supplies to be more minimal. The purpose of this study was to determine how theimplementation of the EOQ method and inventory costs that occurred in the company, as well as tofind out how the role of the EOQ method in the company stock cost efficiently. Research on theauthor is in the PT. Setiajaya Mobilindo Bogor. PT. Setiajaya Mobilindo Bogor is a companywhich engaged in sales, service and spareparts. The results obtained by the method of economicorder quantity (EOQ) ordering the company to find out how economical for each inventory itemand find out the frequency of bookings for a period and when ordering goods to be redone, so thedemand for goods can be satisfied in the maximum. Thus the economic order quantity (EOQ)method important to act in efficient of suppy cost in that company.

OPTIMALISASI PENGADAAN BAHAN BAKU DALAM RANGKA MEMINIMALKAN TOTAL BIAYA PERSEDIAAN TEMBAKAU PADA PT BENTOEL INTERNATIONAL INVESTAMA DI MALANG

2019 ◽  
Vol 2 (1) ◽  
pp. 23
Author(s):  
Dwi Dayanti Oktavia ◽  
Peni Indarwati ◽  
Marhaerni Fikky Febriananta
Keyword(s):  
Production Process ◽  
Raw Materials ◽  
Cost Savings ◽  
Optimal Level ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Total Cost ◽  
The Cost

A company should maintain an adequate or optimal level of inventory so that production operations can run smoothly and efficiently. What needs to be considered in this case is that the required raw materials are always available, so as to guarantee the smooth production process. However, the amount of inventory should not be too much because this will harm the company. Too much inventory will increase maintenance costs and storage costs in the warehouse. In addition, the amount of inventory that is too much can also increase the likelihood of losses due to damage and loss of quality that can reduce company profits. And vice versa, the amount of inventory that is too small will hamper the production process so that the company will suffer a lot of losses including: the machine does not work as it should, many workers are unemployed, and can even result in the cessation of the production process. This study aims to determine how the calculation of raw materials, what is the total cost of raw material inventory if the company establishes an EOQ (Economic Order Quantity) policy, what is the limit or point of ordering raw materials needed by the company during the grace period at PT.Bentoel International Investama in Malang.The population used is the supply of tobacco raw materials at PT. Bentoel International Investama, where this research was conducted by interview and documentation. The variable in this study is the supply of raw materials. The analysis used is the EOQ (Economic Order Quantity) method.The results of the study, if using the EOQ method in 2017 the cost savings of Rp 40,290,256,931, while in 2018 the cost savings of Rp. 44,388,428,549. Thus there is a difference between inventory policies carried out according to the company with EOQ calculations. It can be concluded that the supply of raw materials every year has increased raw materials, the frequency of purchasing raw materials when using raw materials when using the EOQ method is 2 times in one period, the limit for ordering raw materials needed by companies when using the 2017 EOQ method is 218,176.7 kg, while in 2018 it will be 210,853 kg. The total cost of raw material inventory calculated according to EOQ is less than that spent by the company, so there is a cost savings of raw material inventory

scholarly journals ANALISIS PENGENDALIAN PERSEDIAAN DALAM HUBUNGANNYA DENGAN EFISIENSI BIAYA DI PT. HITEK INDO MULIA

2018 ◽  
Author(s):  
Decky Antony Kifta
Keyword(s):  
Cost Saving ◽  
Inventory Control ◽  
Cost Efficiency ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Analysis Tools ◽  
Total Inventory ◽  
The Cost

This study is intended to formalize how to control goods inventory in relation with the cost efficiency of inventory at PT Hitek Indo Mulia. The company, PT Hitek Indo Mulia, is the venue of the research and source of data for the researcher to write this jurnal. The inventory observed in this research is Radiography films as the main inventory of the company and the analysis tools used in this inventory control is related to cost eficient and forecasting i.e. Economic Order Quantity (EOQ), Re-order Point (ROP), and Total Inventory Cost (TIC). From the calculation it was shown that there was cost saving upto Rp. 1.704.799,24 and with 6 (six) times of re-order point. This is to give economical guidance to the company to use this calculation or measures, and they shall not depend on guessing or intuation. By implementing this theory we will not see that radiography films (grafts) are piled up in the store but they are continuously used up and give value to the company.

scholarly journals Optimalisasi Persediaan Bahan Bakar Solar Pada PT. Macindo Mitra Raya Dengan Metode Economic Order Quantity (EOQ)

2020 ◽  
Vol 17 (1) ◽  
pp. 58-69
Author(s):  
M E Rizanjani ◽  
A Sahari ◽  
D Lusiyanti
Keyword(s):  
Diesel Fuel ◽  
Diesel Oil ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Fuel Type ◽  
Inventory Cost ◽  
Inventory Costs ◽  
The Cost ◽  
Industrial Company

PT. Macindo Mitra Raya is a type of diesel oil (BBM) industrial company that supplies diesel fuel to full fill industrial nesercity, where one of the prices of diesel is the cost of inventory that needs to be managed. This study aims to determine the total cost of diesel fuel type inventories and determine the amount of stock of diesel fuel that is economical at PT. MACINDO MITRA RAYA through the Economic Order Quantity (EOQ) method. To calculation the number of economical orders, the formula √ 2𝐷𝑆 𝐻 is used. Then to determine the total fuel inventory cost, the formula √2𝐷𝑆𝐻 is used where D is the annual fuel order, S as the order ordering cost and H as the total ordering cost per message. From the results of the study indicate that the economical order for PT.Macindo Mitra Raya is 48,814.07 liters and the amount of inventory costs is Rp. 1,199,039,533. From the results obtained from the research conducted it has implications for the greatest efficiency in the cost of inventory of PT. Macindo Mitra Raya.

Sign in / Sign up

Export Citation Format

Share Document