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All Journal PELS (Procedia of Engineering and Life Science)
Faizin, Muhammad Nur
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Computer Science & IT Control & Systems Engineering Electrical & Electronics Engineering Engineering

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Accu Scrap Raw Material Inventorycontrol Using the Min- Max Method: Pengendalian Persediaan Bahan Baku Scrap Accu Dengan Metode Min-Max Faizin, Muhammad Nur; Jakaria, Ribangun Bamban
Procedia of Engineering and Life Science Vol. 5 (2024): Proceedings of the 7th Seminar Nasional Sains 2024
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/pels.v7i0.1590

Abstract

This research investigates the efficacy of implementing the Min-Max method to enhance inventory control performance in a manufacturing setting converting ACCU scrap into tin metal. Focused on two product types, bullion, and ingots, the study aims to optimize inventory policies by determining safety stock, minimum and maximum stock levels, order quantities, and reorder points to mitigate stockouts and overstocks. Results demonstrate a significant improvement, with the Min-Max method enabling a 33% increase in raw material control effectiveness compared to previous methods. This research underscores the potential for the Min-Max approach to provide practical solutions for inventory management challenges in manufacturing, offering valuable insights for industry practitioners and researchers alike. Highlight : The Min-Max method improved inventory management effectiveness by 33%. This approach facilitated the determination of safe stock levels, minimal order quantities, and reorder points. Manufacturers experienced reduced operating expenses while maintaining competitive edge and responsiveness to market dynamics. Keywords: Accu scrap processing, Min-Max method, inventory control, supply chain optimization, resource allocation
Co-Authors Ribangun Bamban Jakaria