Jurnal Mantik
Vol. 8 No. 1 (2024): May: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)

Comparison of inventory management methods: reliability centered spares (RCS), ABC analysis and fixed timed period

Manalu, Iuskus Kiadi (Unknown)
Firmansyah, Choirul (Unknown)
Fadly Syam, Muhammad (Unknown)
Syamil, Ahmad (Unknown)



Article Info

Publish Date
31 May 2024

Abstract

Spare parts inventory management is very important for PT XYZ, which is one of the largest fertilizer producers in Indonesia. The cost of spare parts, especially for air compressors, constitutes a significant portion of the production cycle cost. This study aims to determine the optimal spare parts inventory value at PT XYZ by comparing the ABC analysis, fixed-time period, and reliability-centered spares (RCS) methods. The results showed that the fixed-time period method has a positive impact on company profits of Rp. 1,648,391,080 and offers better control of Class A spare parts inventory. The ABC analysis method also helps prevent inventory shortages that could disrupt company operations. However, the RCS method cannot be compared because the probability value must be determined by the company itself. In this study, demand fluctuations, lead time, reorder points, and inventory levels are also crucial considerations in determining the value of spare parts inventory. By using the fixed-time period method, PT XYZ can achieve greater profits and effectively control its spare parts inventory

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Journal Info

Abbrev

mantik

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Languange, Linguistic, Communication & Media

Description

Jurnal Mantik (Manajemen, Teknologi Informatika dan Komunikasi) is a scientific journal in information systems/informati containing the scientific literature on studies of pure and applied research in information systems/information technology,Comptuer Science and management science and public ...