The implementation of economic order quantity for reducing inventory cost: a case study in automotive industry

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

Identyfikatory

DOI

10.21008/j.2083-4950.2018.8.4.1

• Języki publikacji: EN

Abstrakty

EN

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. This journal research uses descriptive research design. A survey was conducted on automotive components of a Japanese company in Indonesia. The company is one of the fastest growing industrial company among automotive component companies. The main products are copper materials used by the automotive industry for lamps, switches, electrical panel components two-wheeled vehicles and four-wheeled vehicles. The Japanese company seeks to meet increasing customer demand but on the other hand strive to obtain optimal inventory costs, as well as demand by parent companies in Japan for faster money turnover or otherwise known as Inventory Turnover Ratio (ITR) and must be in quantity minimum or small. This means the goods in the order must be as required.

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. 4
• Strony: 289--301
• Opis fizyczny: Tab.

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

Bibliografia

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Uwagi

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