JRSI (Jurnal Rekayasa Sistem dan Industri)
Vol 9 No 01 (2022): Jurnal Rekayasa Sistem & Industri

Method of Economic Order Quantity (EOQ) as an Analysis of Raw Material Inventory Control at PT Metalindo Main Engineering

Lugina Lestari (Unknown)
Aulia Fashanah Hadining (Unknown)



Article Info

Publish Date
31 Oct 2024

Abstract

PT Metalindo Teknik Utama is a company engaged in Manufacturing (body of a car). So far, in managingraw material inventories, the company used simple method with buy raw material if the inventory is out ofstock. The use of this method resulted in the cost of managing the raw materials incurred is still relativelyexpensive. This study aims to analyze the cost of inventory management based on the Economic OrderQuantity method and compare the costs of inventory management implemented by the company in 2020.The data is taken based on the company's annual financial statements prepared in 2020. The data isanalyzed using the EOQ formula. Results of the research in the form off O2, the number of economicalorders according to EOQ is 141 tube with a raw material inventory cost of Rp. 6,771,277 while accordingto the company's method of Rp. 25,542,451 then obtained savings or a difference of Rp. 18,771,174. InCO2 the number of economical orders according to EOQ is 130 tube with a raw material inventory cost ofRp. 6,770.777, while according to the company's method it is Rp. 23,601,184 then the savings ordifference is Rp. 16,830.407. For LPG, the number of economical orders according to EOQ is 31 tubeswith a raw material inventory cost of Rp. 1,447,350 while according to the company's method it is Rp.4,631,372 then the savings or difference is Rp. 3,184,022.

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Journal Info

Abbrev

JRSI

Publisher

Subject

Computer Science & IT Control & Systems Engineering Industrial & Manufacturing Engineering

Description

JRSI (Jurnal Rekayasa Sistem dan Industri) merupakan jurnal ilmiah yang bersifat peer-reviewed dan open access yang dikelola oleh Fakultas Rekayasa Industri, Telkom University. JRSI berisi artikel ilmiah yang diangkat dari hasil penelitian, gagasan konseptual, aplikasi teori, serta kajian analitis ...