The implementation of economic order quantity for reducing inventory cost

• Autorzy: Riza M. , Purba H. H. , Mukhlisin

Identyfikatory

DOI

10.21008/j.2083-4950.2018.8.3.1

• Języki publikacji: EN

Abstrakty

EN

Inventory management is focused with ensuring that all activities involved in labor storage and stock control are carried out efficiently and economically by those working in inventory storage. Then, there is a question for management regarding the efficiency of inventory management procedures because of inconsistencies in inventory levels that cause weaknesses such as losses incurred due to end-inventory stocks, low stock inventories, failure to meet targets and poor corporate morale. As a result, the inventory storage of the company is too busy making the job a difficult supply keeper, late in issuing materials to the department and in turn producing poor inventory service delivery. In inventory management, Economic Order Quantity (EOQ) is the number of orders that minimize total holding costs and booking costs. The EOQ model is one of the oldest classic production scheduling models. The EOQ mathematical models have been established within the scope of operations management to determine the optimal inventory level. The most widely used model is the EOQ model.

Słowa kluczowe

EN

inventory management; economic order quantity; inventory turnover ratio words

• Wydawca: Publishing House of Poznan University of Technology
• Czasopismo: Research in Logistics & Production
• Rocznik: 2018
• Tom: Vol. 8, No. 3
• Strony: 207--216
• Opis fizyczny: Bibliogr. 33 poz., rys.

Twórcy

autor

Riza M.

• Master of Industrial Engineering Program, Mercu Buana University, Jln. Menteng Raya No. 29, Jakarta Pusat 10340, Indonesia

autor

Purba H. H.

• Master of Industrial Engineering Program, Mercu Buana University, Jln. Menteng Raya No. 29, Jakarta Pusat 10340, Indonesia

autor

Mukhlisin

• Master of Industrial Engineering Program, Mercu Buana University, Jln. Menteng Raya No. 29, Jakarta Pusat 10340, Indonesia

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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2018)