JURNAL AKUNTANSI, EKONOMI dan MANAJEMEN BISNIS
Vol. 12 No. 2 (2024): Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis - Desember 2024

Analysis of Raw Material Inventory Planning to Minimise Stock Out and Stock Out Cost Using Min-Max and Eoq Methods at PT XYZ

Fauziah, Salsabila Nurul (Unknown)
Hati, Shinta Wahyu (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

PT XYZ is a manufacturing company that produces and sells wire harnesses for automotive vehicles and related components. There are various types of raw materials in wire harness assembly. Therefore, raw material control planning is important to avoid stock outs and waste of costs. This quantitative descriptive research aims to determine the minimum and maximum inventory limits so that stock outs do not occur, as well as determine the optimum number of orders and the amount of costs that can be saved so that there is no waste of costs. The data analysis techniques used are first, min-max analysis by calculating the minimum and maximum inventory, safety stock and reorder point. Second, EOQ analysis by knowing the annual demand or need for raw materials, the amount of ordering costs and storage costs. The results of the calculation with min-max obtained minimum stock limits (reorder point) terminal A, terminal B and wire A respectively 913 m, 702 m and 1,104 m, maximum limits 1,826 m, 1,405 m and 2,208 m. Based on EOQ calculations, the optimum values are 4,055 m, 2,287 m and 3,911 m. These results can help save costs for each material by 41%, 2% and 6%.

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Journal Info

Abbrev

JAEMB

Publisher

Subject

Economics, Econometrics & Finance

Description

Terbit dua kali setahun pada bulan Juli dan Desember: mulai Volume 6, Nomor 1, Juli 2018. Berisi tulisan yang diangkat dari hasil penelitian di bidang Akuntansi, Ekonomi, dan Manajemen ...