Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Vol. 5 No. 3 (2024): Dinasti International Journal of Economics, Finance & Accounting (July - August

Evaluation Of Raw Material Inventory Policies Using Material Requirement Planning (MRP) And Lot Sizing Methods: Case Study Of XYZ MSMEs

Rafsanjana, Sasotya Rigan (Unknown)
Prihardianto, Rahaditya Dimas (Unknown)
Arismawati, Paramaditya (Unknown)



Article Info

Publish Date
03 Aug 2024

Abstract

Micro, Small and Medium Enterprises (MSMEs) have an important role in economic growth in Indonesia. Inventory management is one of the key aspects in the operational sustainability of MSMEs, especially raw materials used in the production process. One of them is XYZ MSMEs which is a producer of meatball pentol and meatball tofu products which uses several types of raw materials in its production process. The problem currently being faced is that there are often shortages and excesses in purchasing raw materials during procurement. This research aims to analyze the cost of raw material inventory at XYZ MSMEs using five different Lot Sizing methods, namely Economic Order Quantity (EOQ), Period Order Quantity (POQ), Silver Meal (SM), Least Unit Cost (LUC), and Part Period Balancing (PPB). This research uses historical data from MSME XYZ to identify differences in raw material inventory costs between the five MRP methods used. The results of this research show that the Silver Meal (SM) method produces the lowest total inventory costs for beef and tapioca starch as raw materials. Meanwhile, the Part Period Balancing (PPB) method produces the lowest total inventory costs for MSG raw materials.

Copyrights © 2024






Journal Info

Abbrev

DIJEFA

Publisher

Subject

Economics, Econometrics & Finance

Description

The author is invited to submit a paper for Dinasti International Journal of Economics, Finance & Accounting (DIJEFA). Topics related to this journal include but are not limited to: Accounting and financial reporting Audit Accounting management Taxation Corporate finance Personal finance Financial ...