Proceedings of the 2018 International Conference on Industrial Enterprise and System Engineering (IcoIESE 2018)

Development of Inventory Control Application for Pharmaceutical Product Using ABC-VED Cycle Counting Method to Increase Inventory Record Accuracy

Authors
Fadhilah Amin Fathoni, Ari Yanuar Ridwan, Budi Santosa
Corresponding Author
Fadhilah Amin Fathoni
Available Online March 2019.
DOI
https://doi.org/10.2991/icoiese-18.2019.47How to use a DOI?
Keywords
ABC-VED classification; cycle counting; inventory control; inventory control application; stock-take policy
Abstract
A good inventory control system is needed in the organization to reduce costs and stay competitive. One of the inventory control strategy is stock-taking. This research aims to develop a new stock-taking policy for a pharmaceutical company using ABC-VED Cycle Counting. Proposed stock-taking policy using cycle counting result in counting 35 SKUs in group I, 21 SKUs in group II and 3 SKUs in group 3 daily. Previously, all items count only once a year. With the new policy, all items count more frequently. The first group is count 12 times a year, the second group is 6 times a year and the third group is 1.2 times a year. An inventory control application is also developed as a tool to keep track of inventory, record transaction, generate cycle counting schedule and perform the cycle counting. By using stocktaking policy of cycle counting which poured in the inventory control application, it is expected that the inventory record accuracy in the pharmaceutical company may be improved.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2018 International Conference on Industrial Enterprise and System Engineering (ICoIESE 2018)
Part of series
Atlantis Highlights in Engineering
Publication Date
March 2019
ISBN
978-94-6252-689-1
ISSN
2589-4943
DOI
https://doi.org/10.2991/icoiese-18.2019.47How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Fadhilah Amin Fathoni
AU  - Ari Yanuar Ridwan
AU  - Budi Santosa
PY  - 2019/03
DA  - 2019/03
TI  - Development of Inventory Control Application for Pharmaceutical Product Using ABC-VED Cycle Counting Method to Increase Inventory Record Accuracy
BT  - 2018 International Conference on Industrial Enterprise and System Engineering (ICoIESE 2018)
PB  - Atlantis Press
SN  - 2589-4943
UR  - https://doi.org/10.2991/icoiese-18.2019.47
DO  - https://doi.org/10.2991/icoiese-18.2019.47
ID  - Fathoni2019/03
ER  -