Jurnal Teknik Industri: Jurnal Keilmuan dan Aplikasi Teknik Industri
Vol. 16 No. 2 (2014): DECEMBER 2014

On the Effect of Combination of Statistical and Judgemental Stock Control Methods

Inna Kholidasari (Faculty of Industrial Technology, Industrial Engineering Depart-ment, Universitas Bung Hatta. Jl. Gajah Mada No. 19, Gunung Pangilun, Padang)



Article Info

Publish Date
31 Dec 2014

Abstract

Stock control is the most important aspect in an inventory system. It determines the safety stock in order to ensure that products are readily available when the customers require them. The decision makers in organizations tend to rely on software solution in obtaining stock control solutions since they have to manage a massive number of Stock Keeping Units (SKUs). However, managers intervene in the system and use their judgement to adjust or decide on various quantitative elements. This research discusses the effects of combination of stock control methods. An extended database of approximately 1,800 SKUs from an electronics company is analyzed. Then, a simulation experiment is performed in order to evaluate in a dynamic fashion what are the effects of applying combined stock control methods. The findings indicate that the combined method of stock control seems to improve the performance of the inventory system, especially in reducing inventory investment.

Copyrights © 2014






Journal Info

Abbrev

ind

Publisher

Subject

Industrial & Manufacturing Engineering

Description

Jurnal Teknik Industri aims to: Promote a comprehensive approach to the application of industrial engineering in industries as well as incorporating viewpoints of different disciplines in industrial engineering. Strengthen academic exchange with other institutions. Encourage scientist, practicing ...