Economic Order Quantity Method Approach in Raw Material Inventory Control for a Small Medium Enterprise

DOI

10.2991/icastss-19.2019.57How to use a DOI?

Keywords

economic order quantity, reorder point, safety stock

Abstract

This study aims to determine whether the EOQ method can be applied and used in controlling raw material inventories in a small and medium enterprise using the EOQ method. In this study, a case of raw material inventory control in Ananda Bakery is used. Observation, documentation and interview techniques are used to collect data and information needed. Furthermore, the data obtained were analyzed using the EOQ method as well as an analysis data based on the calculation of safety stock and reorder point. The results of calculations and analysis indicate that the EOQ method is good to be applied to the process of controlling raw material inventories in Small and Medium Enterprise businesses such as Ananda Brownis.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Andi Erna Mulyana
AU  - Iin Zuliana
PY  - 2019/10
DA  - 2019/10
TI  - Economic Order Quantity Method Approach in Raw Material Inventory Control for a Small Medium Enterprise
BT  - Proceedings of the International Conference On Applied Science and Technology 2019 - Social Sciences Track (iCASTSS 2019)
PB  - Atlantis Press
SP  - 129
EP  - 133
SN  - 2352-5398
UR  - https://doi.org/10.2991/icastss-19.2019.57
DO  - 10.2991/icastss-19.2019.57
ID  - Mulyana2019/10
ER  -