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Journal : Academia Open

Optimization of Inventory Costs Using the Continuous Review System (CRS) Method in Controlling the Need for Raw Materials for the Crimean Industry Varid Jainuri; Tedjo Sukmono
Academia Open Vol 5 (2021): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (232.373 KB) | DOI: 10.21070/acopen.5.2021.2205

Abstract

Forecasting is an estimate of something that has not happened or will happen in the future. Determination of the policies implemented by the company resulted in more costs for storage costs, resulting in wastage of costs and reduced company profits due to the accumulation of capital in the form of raw materials that had not been produced. This study describes the planning and control of sodium caseinate inventory. Of the many inventory control planning methods, the continuous review system model is used to determine the optimal number of orders and when orders are made. The total cost of inventory based on average usage in 2018 to 2020 is IDR 252,323,882,141.00 per year. The results showed that the continuous review system lost sales inventory control model has a minimum total inventory cost of Rp. 251,641,850,991.00 per year with an optimal number of orders.
Co-Authors Abdul Rohman Abdul Rohman Adistyas Nastiti, Octavia Afreni Hamidah Afrilia, Riska Agus Subagyo Ahmad Fikri Ardianto Alfian Fajar Gunawan Ali Mashar Ali Sadikin Amatullah, Dhiny Angela, Fitrah Cornellya Apriliana Sari Wulandari, Indah Arba, Risqi Mutia Asni Johari Azhari, Asri Bambang Haryadi Boy Isma Putra Budi, Yusuf Effri Prastyo Cahyana , Atikha Sidhi Dani Sartika Dawam Suprayogi Diwanti Faradiba, Nabila Dristiana, Fila Dwi Kakung Saputro Dzati Fauziyah Ervan Johan Wicaksana Erwin Widiantono Fila Dristiana Gusti Nurina Azhariani Hadian, Mohammad Ekki Hafizah, Mutia Hana Catur Wahyuni Harlis Harlis Hartanti, Lusia Permata Sari Hery Murnawan, Hery Ihsan, Mahya Jamaluddin Jamaluddin Khairatinisa, Khairatinisa Krisna Risky Putra Irawan Leksono, Rudy Bowo Lestari, Wiwik Puji Lindyawati, Lely M.Haris Efendi Hsb Mardhotillah, Bunga Marodiyah, Inggit Mauli, Fajar Dwi Mishani, Adinda Chamilia Mochammad Imam Mashuri Mohammad Buchori Much Syafiudin Muhammad Arizki Zainul Ramadhan Muhammad Dio Dwi Septian Mukhammad Surya Lesmana Muswita Muswita Nafis Khumaidah Natalia, Desfaur Nazifa, Boti Iffa Novi Prastyanda Putra Pratama Nugraha, A. Prima Nugroho, Dizsa Arliansyah Nurma M. Hidayatulloh Octavia Adistyas Nastiti Pangestu, Retno Putra, Tri Syukria Putri, Andini Faizatul Putri, Arinda Jayanti Putri, Melinda Aprilia Rachman, Meisya Azzahra Radiana Atika Sari Rany Riyantati, Dena Rasyid, Mohammad Andi Ribangun Bamban Jakaria Rizky Janatul Magwa Rudy Bowo Leksono Salsabila, Nisrina SANDI KURNIAWAN Sanjaya, Muhammad Erick Saputra, Nur Qomaruddin Sari , Indah Apriliana Sari W, Indah Apriliana Sari Wulandari, Indah Apriliana Setiawan, Ari Rio De Sigit Wahono sisiliani, fitria trisna Sofillauny, Zahara Suhadak Sulistiono Suzanti, Sriliah Syaifullah, Dikril Ilham Tia Wulandari Upik Yelianti Utomo, Pradita Eko Prasetyo Varid Jainuri Wahono, Sigit Wahyu Nugroho Wahyu Setiawan, Ardhi Wardhani, Devira Kusuma Wawan Kurniawan Wijatmiko, Erie Fadma Noer Fitriana Winda Dwi Kartika, Winda Dwi Wiwik Sulistiyowati Wulandari, Indah Apriliana Sari Yoppie Wulanda Zurweni Zurweni