International Journal of Economics, Business and Innovation Research
Vol. 2 No. 03 (2023): May, International Journal of Economics, Business and Innovation Research

Analysis of Octopus Raw Material Inventory (Octopus sp) on the Production Process (Case Study: PT Kelola Mina Laut Makassar)

Ilham Ahmad (State Agricultural Polytechnic Pangkajene Islands, South Sulawesi, Indonesia.)
Andi Ridwan Makkulawu (State Agricultural Polytechnic Pangkajene Islands, South Sulawesi, Indonesia.)



Article Info

Publish Date
02 Apr 2023

Abstract

Inventory is a company's wealth that has an important role in business operations, so companies need to carry out proactive management, meaning that companies must be able to anticipate conditions and challenges that exist in inventory management to achieve the ultimate goal, namely to minimize the total costs that must be incurred by the company for handling inventory. The production process is the process of processing raw materials into finished products or ready-to-use products. In a production process it is said to be efficient and effective if during the production process it does not produce many losses. The purpose of this study was to analyze the supply of octopus (Octopus sp) raw materials for the production process at PT Kelola Mina Laut Makassar. The results obtained by using ARIMA modeling, obtained the right model to describe the data analysis of octopus (Octopus Sp) raw material inventory at PT Kelola Mina Laut Makassar, namely the ARIMA model (0,1,1) with an MSE of 0.01927 and a MAPE of 16 .89%. ARIMA model (0,1,1), with the conclusion that raw material data for octopus at PT Kelola Mina Laut Makassar with data per week over a period of two years for forecasting the next 48 weeks has decreased.

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Journal Info

Abbrev

IJEBIR

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

International Journal of Economics, Business and Innovation Research (IJEBIR) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality ...