Development of Inventory Control Application for Pharmaceutical Product Using ABC-VED Cycle Counting Method to Increase Inventory Record Accuracy
- Fadhilah Amin Fathoni, Ari Yanuar Ridwan, Budi Santosa
- Corresponding Author
- Fadhilah Amin Fathoni
Available Online March 2019.
- https://doi.org/10.2991/icoiese-18.2019.47How to use a DOI?
- ABC-VED classification; cycle counting; inventory control; inventory control application; stock-take policy
- 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.
- 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 -