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All Journal Jurnal Ilmiah Edunomika (JIE) Indonesian Business Review Journal of Islamic economics Perspectives (JIEP)
Safa'at, Safa'at
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Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

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ANALYSIS OF INVENTORY CONTROL OF FLOUR AND REFINED SUGAR RAW MATERIALS BASED ON THE ECONOMIC ORDER QUANTITY (EOQ) METHOD CASE STUDY AT SNACK FOOD COMPANY Safa'at, Safa'at; Zebua, Martin
JURNAL ILMIAH EDUNOMIKA Vol 8, No 4 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i4.15249

Abstract

In running large-scale production, raw materials are needed in large quantities. Careful planning is needed so that raw material inventory can be managed optimally and on target, so that it can meet production needs. Inventory control is very important to achieve this goal. Control is an important aspect of inventory management, which can help companies achieve the desired profit. In this study, researchers used a qualitative approach by analysing existing data in a snack food company. The results showed that the inventory analysis of raw materials for wheat flour and refined sugar in the company was not optimal. From the analysis of the EOQ method, it was found that the amount of flour raw material inventory was 11,912 kg with a purchase frequency of 30 times per year, while for refined sugar it was 10,212 kg with a purchase frequency of 59 times. In conclusion, there is a difference in total inventory costs for flour raw materials of Rp 38,670,189 and for refined sugar of Rp 122,117,065 compared to the company's current policy.
The Influence of Compensation on Life Insurance Agents’ Work Performance in Surabaya Fatimah, Nuzulul; Putra, Riyan Sisiawan; Mateen, Abdul; Safa'at, Safa'at; Sanggarwati, Diah Ayu
Indonesian Business Review Vol 7 No 1 (2024): Indonesian Business Review
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/ibr.7.1.19-27

Abstract

The most important thing in the insurance industry to remain sustainable and able to compete in this era of globalization, one of which is the role of agents. Agents as salespeople in insurance companies are the spearhead of the company. Apart from that, Insurance Agents have a big duty and responsibility in providing education to the public about the benefits of insurance and changing the anti-insurance mindset of the public to become insurance minded. Therefore, it is a crucial thing to research regarding agent work performance, and one of the factors that influences agent work performance is in terms of compensation, where there is financial and non-financial compensation received by insurance agents. This research aims to determine the influence of financial and non-financial compensation variables on the work performance of insurance agents in Surabaya. This research uses a quantitative method using a descriptive approach that focuses on hypothesis testing, with statistical analysis and produces conclusions that can be generalized. The population used in this research was insurance agents in Surabaya, totaling 800 people. The sampling technique in this research was random sampling technique, using the Slovin formula to determine the sample size from the total population. The data collection method uses a questionnaire, which is then processed using; validity test, reliability test, classical assumption test and multiple linear regression analysis with SPSS 22 software. The research results show that there is a positive influence between the independent variable and the dependent variable, Financial Compensation and Non-Financial Compensation partially and simultaneously have an effect significant impact on Insurance Agent Work Performance in Surabaya.
Analysis of Rent, Buy and Rent-to-Buy With Net Present Value Method in the Decision of Truck Procurement at PT. XYZ Safa'at, Safa'at; Nuzulul Fatimah; Dewi Kartikaningsih
Journal of Islamic Economics Perspectives Vol. 2 No. 1 (2020): September (2020) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v2i1.33

Abstract

PT. XYZ is a company engaged in ready-mix or ready-made concrete. This study aimed to analyze procurement decisions with several alternatives: rent, buy and lease, by applying the NPV (Net Present Value) method. The method was interviewing employees based on their fields and collecting the required documents. From the data analysis and evaluation carried out, then it decided to procure the truck. From the results of the study, it can be concluded that with the analysis of the NPV method, the decision to procure trucks was with a rent-to-buy model.
ANALYSIS OF INVENTORY CONTROL OF FLOUR AND REFINED SUGAR RAW MATERIALS BASED ON THE ECONOMIC ORDER QUANTITY (EOQ) METHOD CASE STUDY AT SNACK FOOD COMPANY Safa'at, Safa'at; Zebua, Martin
JURNAL ILMIAH EDUNOMIKA Vol. 8 No. 4 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i4.15249

Abstract

In running large-scale production, raw materials are needed in large quantities. Careful planning is needed so that raw material inventory can be managed optimally and on target, so that it can meet production needs. Inventory control is very important to achieve this goal. Control is an important aspect of inventory management, which can help companies achieve the desired profit. In this study, researchers used a qualitative approach by analysing existing data in a snack food company. The results showed that the inventory analysis of raw materials for wheat flour and refined sugar in the company was not optimal. From the analysis of the EOQ method, it was found that the amount of flour raw material inventory was 11,912 kg with a purchase frequency of 30 times per year, while for refined sugar it was 10,212 kg with a purchase frequency of 59 times. In conclusion, there is a difference in total inventory costs for flour raw materials of Rp 38,670,189 and for refined sugar of Rp 122,117,065 compared to the company's current policy.
Co-Authors Diah Ayu Sanggarwati Kartikaningsih, Dewi Martin Zebua Mateen, Abdul Nuzulul Fatimah Riyan Sisiawan Putra