Arkus
Vol. 10 No. 1 (2024): Arkus

Analysis of Raw Material Inventory Control Using the Economic Order Quantity (EOQ) Method: Study of Simping MSMEs, Purwakarta Regency, Indonesia

Ghiffari, M. Amirul (Unknown)

Article Info

Publish Date
21 Feb 2024

Abstract

Raw material inventory is an important aspect in managing small and medium enterprises (SMEs). Effective inventory control can help SMEs increase efficiency and profitability. This research aims to analyze raw material inventory control at Simping MSMEs in Purwakarta Regency, Indonesia, using the economic order quantity (EOQ) method. Data was collected through a survey of 30 Simping MSMEs. The research results show that the EOQ method can help Simping MSMEs in determining the optimal number of raw material orders and minimizing inventory costs. Implementing the EOQ method can result in average inventory cost savings of 15% compared to the method currently used.

Copyrights © 2024




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Arkus
Website

Abbrev

arkus

Publisher

HM Publisher

Subject

Religion Humanities Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Social Sciences

Description

Arkus publishes original articles, article reviews, and case reports and is designed as a place of dissemination of information and scientific knowledge to develop human wealth. Arkus publishes all manuscripts in multidisciplinary fields (social sciences, sciences, technology, engineering, health, ...