Journal MISSY (Management and Business Strategy)
Vol 4 No 1 (2023)

ANALISIS PROSES PENGENDALIAN PERSEDIAAN DEGAN METODE ECONOMIC ORDER QUANTITY DI MDLY GOLD

Vikaliana, Resista (Unknown)
Laora, Sekartadji (Unknown)



Article Info

Publish Date
13 Jun 2023

Abstract

MDLY Gold is a small and medium business partner (MSME) engaged in the fashion sector that has been established since 2017. As of 2022, MDLY Gold successfully has 9 production and retail locations throughout the major islands of Indonesia with the main outlet located in Tanah Abang, Jakarta. Center. However, ordering MDLY Gold raw materials requires a lead time of 2 weeks. So this will affect the long production time so that it causes losses for MDLY Gold. Therefore, to maximize raw material inventory and reduce losses, we can analyze using the Economic Order Quantity method. Through solving the inventory control problem, the total Economic Order Quantity (EOQ) of raw material inventory for MDLY Gold production is 27,413.8 Yards during January to June. This EOQ aims to manage inventory that can optimize the total cost consisting of ordering costs and holding costs. Besides this, MDLY Gold must reorder when the stock reaches a reorder point of 17,668.4 Yards with additional supplies needed if there is no shortage of raw materials or safety stock of 10,112.24 Yards. Determination of ROP and SS is useful for MDLY Gold to be able to find out when is the best time to place an order besides there is an order lead time, so that raw materials will arrive on time and the production process will run smoothly without any problems in inventory control.

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Journal Info

Abbrev

MISSY

Publisher

Subject

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

Description

JOURNAL MISSY (Management and Business Strategy) diterbitkan secara berkala oleh Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Wiraraja Madura sebagai media dalam mempublikasin hasil penelitian. Tim Redaksi menerima naskah tulisan ilmiah yang belum pernah diterbitkan dalam jurnal ...