International Journal of Global Operations Research
Vol. 5 No. 1 (2024): International Journal of Global Operations Research (IJGOR), February 2024

Supply Control Of Oil Filter Spareparts Using EOQ And Min-Max Methods Based On Sales Forecast (Case Study: PT Astra International Tbk Soekarno Hatta)

Arfemitha, Nurlia Asih (Unknown)
Supian, Sudradjat (Unknown)
Nahar, Julita (Unknown)



Article Info

Publish Date
27 Feb 2024

Abstract

Planning and controlling product inventory is very important for a company to ensure demand is met and maximize profits from sales effectively and efficiently. In addition, inventory planning and control are carried out to prevent excess or shortage of inventory. This study aims to predict sales and calculate inventory control to overcome excess stock and increased inventory costs on oil filter spare parts. The forecasting method used is Holt's Double Exponential Smoothing method to determine the number of sales of the four types of oil filter spare parts in the future and overcome the problem of oil filter spare parts inventory using the EOQ and Min-Max methods. Based on the research results, the resulting forecasting is accurate and the EOQ method results in a lower total inventory cost than the Min-Max method.

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Journal Info

Abbrev

ijgor

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

Description

International Journal of Global Operations Research (IJGOR) is published 4 times a year and is the flagship journal of the Indonesian Operational Research Association (IORA). It is the aim of IJGOR to present papers which cover the theory, practice, history or methodology of OR. However, since OR is ...