scholarly journals Economic Order Quantity Model of Aircraft Turnover Parts in Aviation Industry

CONVERTER ◽  
2021 ◽  
pp. 254-261
Author(s):  
Chaofeng Wang, Yamiao Wen
Keyword(s):  
Spare Parts ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Aviation Industry ◽  
Order Quantity ◽  
Repair Cost ◽  
Inventory Cost ◽  
Factors Affecting ◽  
Shortage Cost ◽  
Spare Parts Management

The inventory control of turnover parts is the key and difficult point for aircraft spare parts management, which is directly related to the benefit level of airlines in aviation industry.On the basis of considering the depreciation cost, repair cost, inventory cost and shortage cost, this paper analyzes the annual replacement times and turnover cycle, and puts forward the optimization model of Economic Order Quantity (EOQ) of aircraft turnover parts. The feasibility of the method is verified by an example. Through sensitivity analysis, it is concluded that the strong sensitive factors affecting EOQ are annual replacement times and unit shortage cost, while the purchase price has little influence on EOQ.

scholarly journals Evaluasi Quantity Spare Parts dengan Pendekatan EOQ (Economic Order Quantity) PT. Kobexindo Tractors. Tbk Cabang Pekanbaru

2017 ◽  
Vol 5 (02) ◽  
pp. 34-38
Author(s):  
Dedi Dermawan ◽  
Wahyu Hidayah
Keyword(s):  
Spare Parts ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Reorder Point

Kebutuhan Spare Parts unit Froklift Truck atau yang biasa disebut dengan Reach Truck saat ini dihadapkan pada sebuah risiko, tidak dapat memenuhi keinginan para pelanggannya. Persediaan bisa muncul ketika ada kebutuhan dan adanya sebuah perencanaan untuk mengadakan persediaan. Akibat yang ditimbulkan ketika sebuah perusahaan melakukan pengadaan tanpa ada perencanaan yaitu seringterjadinya tidak terjual akibat rendahnya jumlah permintaan sehingga mengakibatkan kinerja perusahaan menurun dan biaya yang tinggi. Teknik pengendalian persediaan akan memperkirakan berapa jumlah optimal tingkat persediaan yang diharuskan, serta kapan saatnya mulai mengadakan pemesanan kembali (reorder point). Perencanaan dengan pendekatan EOQ (Economic Order Quantity) merupakan solusi perencaaan persediaan yang optimal dalam memenuhi kebutuhan persediaan tetap lancar.

scholarly journals ANALISIS PENGENDALIAN PERSEDIAAN BAHAN BAKU PADA UD. MIE STEVEN KAROMBASAN KOTA MANADO

2017 ◽  
Vol 13 (3A) ◽  
pp. 251
Author(s):  
Megawati ., Sengkeunaung ◽  
Tommy F. Lolowang ◽  
Nordy F.L. Waney
Keyword(s):  
Inventory Control ◽  
Secondary Data ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Primary Data ◽  
The Internet ◽  
Order Quantity ◽  
Inventory Cost ◽  
Total Cost

This research aims to analyze raw material inventory at UD. Mie Steven. This research was conducted for four months from January to April 2017. The data used in this research are primary and secondary data. Primary data obtained through interviews with the company, while secondary data obtained from data that has been compiled in the form of documents from the company, data from BPS, previous research or from the internet. The data is processed using EOQ (Economic Order Quantity) method. The result of the research is known that the policy of raw material inventory control is done by UD. Mie Steven is not efficient yet. This is shown by the company's inventory cost is bigger than the result of analysis using EOQ method is 6,693 Kg with total cost of economical inventory Rp.11.325.500.

scholarly journals Analisis Pengendalian Persediaan Bahan Baku dengan Menerapkan Metode EOQ (Economic Order Quantity) pada PT. Jatisari Furniture Work

2021 ◽  
Vol 5 (1) ◽  
pp. 215
Author(s):  
Arga Sutrisna ◽  
Rizki Ginanjar ◽  
Suci Putri Lestari
Keyword(s):  
Production Costs ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Analysis Tool ◽  
Order Quantity ◽  
Inventory Cost ◽  
Total Cost ◽  
Inventory Costs ◽  
Total Inventory

This research objectives aims to determine and analyze raw material inventory control, the ideal raw material inventory that the company must provide and the efficiency of production costs carried out by Jatisri Furniture Work in Tasikmalaya for the period 2018.11 – 2020.02. The data collection method in this study is by direct observation at Jatisari Furniture Work in Tasikmalaya. Using techniques such us interviews, observation, and documentation. These observations were made in production reports for the years 2018 – 2020. The analysis tool was carried out using the Economic Order Quantity (EOQ) method such us safety stock, reorder point, and total inventory cost. The result of the Economic Order Quantity (EOQ) analysis show that the total cost of raw the material inventory that must be incurred by the company is greater than the total cost of inventories calculated according to the EOQ method. Companies should follow the calculations from the EOQ method so that they can save on raw material inventory costs, so that production costs are more efficient.

scholarly journals PENGENDALIAN PERSEDIAAN BAHAN BAKU DALAM PROSES PRODUKSI DENGAN MENGGUNAKAN METODE ECONOMIC ORDER QUANTITY (EOQ)

2019 ◽  
Vol 1 (2) ◽  
pp. 415-423
Author(s):  
Elia Rahayu R ◽  
Nor Norisanti ◽  
Acep Samsudin
Keyword(s):  
Raw Materials ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Analysis Method ◽  
Inventory Cost ◽  
Total Inventory ◽  
The Difference ◽  
Quantitative Descriptive

The purpose of this study is to control the supply of raw materials using the Economic Order Quantity (EOQ) method in Tahu Nugraha Jaya Sukabumi UKM. The data analysis method used is quantitative descriptive to describe and describe the data to be examined and then processed using EOQ. This study uses the EOQ method to determine the total inventory cost. The data needed in this study are the number of purchases of raw materials, the amount of use of raw materials, storage costs, and ordering costs. The results of this study indicate that by applying the EOQ method can further optimize the supply of raw materials by minimizing raw materials with increased inventory. With the application of the Economic Order Quantity (EOQ) method it shows more efficient than conventional methods of the company. Conclusions, seen from the difference in the TIC of the two methods, the more efficient method is the Economic Order Quantity (EOQ) method that is equal to 244,392.94 while the calculation used by the company is 374,325. so that it can be obtained that there is a difference between the Company TIC and the EIC method TIC. Keywords: Raw Material Inventory, Production Process

Analisis Pengendalian Persediaan Barang Pupuk Dengan Metode Economic Order Quality Pada Perusahaan Maju Mapan

2021 ◽  
Vol 2 (1) ◽  
pp. 7-14
Author(s):  
Dini Fitriani
Keyword(s):  
Inventory Management ◽  
Management Policy ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Sales Process ◽  
Main Activity ◽  
A Company

The Maju Mapan Company is a company engaged in trading, whose main activity is selling fertilizer types. In carrying out sales activities, it is closely related to merchandise inventory which is an important component that must be available for the smooth running of the sales process. This study aims to determine the quantity of economical fertilizer merchandise inventory using the Economic Order Quantity method. From the results of calculations that have been done by comparing the current trading goods inventory management policy in the company with the EOQ method in the procurement of merchandise, it can be concluded that by using the EOQ method, the quantity of EOQ orders is higher than the order according to the company, but if the company uses the method EOQ, the company will save an inventory cost of Rp. 48,546,480

ANALISIS PENGENDALIAN PERSEDIAAN BAHAN BAKU DENGAN METODE ECONOMIC ORDER QUANTITY PADA CV. DIKA JOK JENGGAWAH

2019 ◽  
Vol 18 (2) ◽  
Author(s):  
Siti Husnul Hotima ◽  
Dini Hayati
Keyword(s):  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Safety Stock ◽  
Reorder Point ◽  
Total Inventory ◽  
Point Total

Tujuan yang diharapkan dari penelitian ini adalah ingin menganalisis persediaan bahan baku optimal yang dibutuhkan dengan menggunakan metode Economic Order Quantity (EOQ), menganalisis berapa besar persediaan pengaman (Safety stock), menganalisis kapan waktu yang tepat untuk melakukan pemesanan kembali (reorder point), menganalisis total persediaan bahan baku atau Total Inventory Cost (TIC). Jenis penelitian yang digunakan adalah kuantitatif deskriptif. Teknik pengumpulan data yang digunakan dalam penelitian ini adalah wawancara, observasi, dan dokumentasi. Penelitian dan hasil perhitungan yang dilakukan menunjukkan bahwa persediaan bahan baku setiap tahunnya tidak stabil. Bahan baku yang dibutuhkan oleh perusahaan apabila dihitung menggunakan metode Economic Order Quantity (EOQ) pada tahun 2016 adalah sebesar 11,52 m3 dengan frekuensi pembelian 6 kali per periode (1 tahun). Tahun 2017 sebesar 9,90 m3 dengan frekuensi pembelian 6 kali per periode (1 tahun). Persediaan pengaman (safety stock) pada tahun 2016 adalah sebesar 16,48 m3. Pada tahun 2017 sebesar 11,25 m3. Titik pemesanan kembali (reorder point) pada tahun 2016 adalah sebesar 17,18 m3. Pada tahun 2017 sebesar 13,1 m3. Total biaya persediaan bahan baku yang dihitung menurut Economic Order Point (EOQ) lebih sedikit dibandingkan dengan yang dikeluarkan oleh perusahaan, maka ada penghematan biaya persediaan. Pada tahun 2016 sebesar Rp.110.499.402 dan pada tahun 2017 sebesar Rp.81.655.306. Kata Kunci: Economic Order Quantity (EOQ), Persediaan Pengaman (Safety Stock), Titik Pemesanan Kembali (Reorder Point), Total Biaya Persediaan atau Total Inventory Cost (TIC).

Economic Order Quantity Model for Minimizing Total Inventory Cost at PT PQR in Indonesia

2015 ◽  
Vol 21 (4) ◽  
pp. 1053-1056
Author(s):  
Bachtiar H. Simamora
Keyword(s):  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Traditional Practice ◽  
Inventory Costs ◽  
Eoq Model ◽  
Total Inventory

The purpose of this research is to see whether an Economic Order Quantity model can be used to reduce cost of inventory significantly in PT PQR, manufacturer of spring and sponge mattresses in Pekanbaru, Indonesia. The research was conducted on three main materials required in producing spring and sponge mattresses. Using Economic Order Quantity (EOQ) model to analyze historical demand on main materials, it is proven that with EOQ model the company can save by more than 45% from procuring and inventory costs of those materials. The research continues to forecast the sales demand to get the annual requirement of materials needed in 2014 and calculate the EOQ model again. The results show that, comparing with traditional practice done by company, EOQ model can reduce costs up to 118 million rupiah per year.

scholarly journals Analisis Manajemen Persediaan Ikan Segar di Depo Ikan Segar Kota Surakarta

2019 ◽  
Vol 2 (2) ◽  
pp. 118
Author(s):  
Diasicha Valensio Violenta ◽  
Sri Marwanti ◽  
RR Aulia Qonita
Keyword(s):  
Random Sampling ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Safety Stock ◽  
Purposive Sampling ◽  
Fresh Fish ◽  
Reorder Point ◽  
Total Inventory

ABSTRACTThis study aims to determine the quantity and frequency of ordering fresh fish, total inventory cost, safety stock and reorder points based on the method Economic Order Quantity  the exactand knowing the ratio of total costs of fresh fish inventory if the traders at the Depo Ikan Segar use their own policies using the method Economic Order Quantity. The basic method used in this research is descriptive method. The location was determined by purposive sampling and selected the Depo Ikan Segar in Surakarta City because it was the whole sale center for fresh fish in Surakarta City. Determination of the sample using random sampling technique by proporsive sampling. Data analysis methods used are: (1) optimal quantity and ordering frequency (2) total inventory costs (3) calculation of safety stock and reorder points. The results of the analysis show that the calculation of the quantity, frequency of ordering fresh fish, total inventory cost, safety stock and reorder point will be optimal if using the method Economic Order Quantity compared to the merchant policy at Depo Ikan Segar.Keywords: Economic Order Quantity, Optimal Ordering Frequency, Reorder Point, Safety Stock, Total Inventory Cost INTISARIPenelitian ini bertujuan untuk mengetahui besar kuantitas dan frekuensi pemesanan ikan segar, total biaya persediaan, safety stock dan reorder point yang tepat berdasarkan metode Economic Order Quantity, serta mengetahui perbandingan total biaya persediaan ikan segar jika pedagang di Depo Ikan Segar menggunakan kebijakannya sendiri dengan menggunakan metode Economic Order Quantity. Metode dasar yang digunakan dalam penelitian ini adalah metode deskriptif. Penentuan lokasi secara purposive sampling dan terpilih Depo Ikan Segar Kota Surakarta karena merupakan pusat grosir ikan segar di Kota Surakarta. Penentuan sampel menggunakan teknik random sampling dengan cara proporsive sampling. Metode analisis data yang digunakan adalah : (1) kuantitas dan frekuensi pemesanan optimal (2) total biaya persediaan (3) perhitungan safety stock dan reorder point. Hasil analisis menunjukkan bahwa perhitungan kuantitas, frekuensi pemesanan, total biaya persediaan, safety stock dan reorder point akan optimal apabila menggunakan metode Economic Order Quantity dibanding dengan kebijakan pedagang di Depo Ikan Segar.Kata kunci:  Economic Order Quantity, Frekuensi Pemesanan Optimal, Persediaan Pengaman, Titik Pemesanan Kembali, Total Biaya Persediaan

scholarly journals Manajemen Persediaan Tepung Terigu dengan Metode Economic Order Quantity (EOQ) pada Perusahaan Roti Nikki Echo Payakumbuh

2018 ◽  
Vol 1 (1) ◽  
pp. 21-27
Author(s):  
Desi Rahma Yani ◽  
Mega Amelia Putri ◽  
John Nefri
Keyword(s):  
Inventory Management ◽  
Production Cost ◽  
Raw Material ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Company Policy ◽  
Total Inventory ◽  
A Company

Inventory management has an important role in a company because inventory management can decrease production cost. Economic order quantity using to minimize the production cost. Inventory management of flour in bread company Nikki Echo not been seen clearly prove by  so many booking amount. It can giving addition of cost. The purpose of this research is (1) Analyzing optimal flour stock by using EOQ method in bread company Nikki Echo, (2) Analyzing reorder point raw material inventory by using EOQ method in bread company Nikki Echo, (3) Analyzing total raw material inventory cost by using EOQ method in bread company Nikki Echo. This research be held from February 20 until April 19 2018 in bread company Nikki Echo, Tanjung Pauh, Payakumbuh city, West Sumatera province. Flour stock by using EOQ method as much 17.394 kg it means the amount greater than company policy. That amount increase 79,6% from the amount set by company. Frequency of booking less than company policy that is 7 times booking. Amount of reorder by using EOQ method is 10.251 kg with the inventory lead time for 3 days. Total inventory cost by using EOQ method as many Rp 11.445.513. This value small than total inventory cost issued by company policy. Decreasing cost amount 98% from company policy. That cause by ordering amount reduced 33 times or same with 82,5% from the amount before

scholarly journals ANALISIS PENGENDALIAN PERSEDIAAN DALAM HUBUNGANNYA DENGAN EFISIENSI BIAYA DI PT. HITEK INDO MULIA

2018 ◽  
Author(s):  
Decky Antony Kifta
Keyword(s):  
Cost Saving ◽  
Inventory Control ◽  
Cost Efficiency ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Inventory Cost ◽  
Analysis Tools ◽  
Total Inventory ◽  
The Cost

This study is intended to formalize how to control goods inventory in relation with the cost efficiency of inventory at PT Hitek Indo Mulia. The company, PT Hitek Indo Mulia, is the venue of the research and source of data for the researcher to write this jurnal. The inventory observed in this research is Radiography films as the main inventory of the company and the analysis tools used in this inventory control is related to cost eficient and forecasting i.e. Economic Order Quantity (EOQ), Re-order Point (ROP), and Total Inventory Cost (TIC). From the calculation it was shown that there was cost saving upto Rp. 1.704.799,24 and with 6 (six) times of re-order point. This is to give economical guidance to the company to use this calculation or measures, and they shall not depend on guessing or intuation. By implementing this theory we will not see that radiography films (grafts) are piled up in the store but they are continuously used up and give value to the company.

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