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Fania, Farell
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Computer Science & IT Control & Systems Engineering Electrical & Electronics Engineering Engineering Industrial & Manufacturing Engineering

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Estimating Optimum Amount of Stock in The Warehousing Process Using Newsvendor Model Fania, Farell; Damayanti , Dida Diah; Sumargo, Seto
eProceedings of Engineering Vol. 11 No. 3 (2024): Juni 2024
Publisher : eProceedings of Engineering

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Abstract

PT Grow Commerce Indonesia is a technologydriven company which focuses on the digital branding ofpartner brands, mostly local brands. They also help in thewarehouse and distribution activities of the partner brand’sproducts. The warehouses that are used by Grow Commerce arethe partner brands. The problem faced by PT. Grow CommerceIndonesia is that each year, their warehouse always hasoverstock left, with increase of quantity each year. The authorintends to analyze the problem and design a solution using theNewsvendor Model. The Newsvendor model helps indetermining the optimum quantity of products that should bemanufactured/ordered to avoid overstocking (supply is morethan demand) and or understocking (demand is more thansupply) which overall avoids the loss of profit. By analyzing theforecast of demands, the Newsvendor model can calculate theoptimum number of stocks to minimize loss of profit. Keywords— PT. Grow Commerce Indonesia, Overstock,Newsvendor Model
Co-Authors Dida Diah Damayanti Seto Sumargo