1. Optimizing inventory policy in a plywood retail company using continuous review method and multi criteria classification.
- Author
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Putri, Alissa Saphira, Ridwan, Ari Yanuar, and Muttaqin, Prafajar Suksessanno
- Subjects
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BACK orders , *PLYWOOD , *INVENTORY control , *INVENTORIES , *INVENTORY costs , *GAUSSIAN distribution - Abstract
PT. BWI is a company based in Jakarta. PT. BWI sells building material products, namely plywood. The problem that occurs in the company is the occurrence of overstock every month. The cause of overstock is that the company does not have an inventory control policy on the products it sells. Companies only use intuition when determining when to order products from suppliers and the quantity of products ordered. In addition, there is no product classification in determining which products must be strictly controlled and prioritized. Therefore, this research aims to determine inventory classification and determine the proposed inventory control policy for PT. BWI plywood products, where the product has normal distribution. Based on the results of multi-criteria inventory classification, there are 5 products in class A, 6 products in class B, and 9 products in class C. After calculating the inventory policy using continuous review, the total proposed inventory cost can decrease by 84% of the total actual inventory cost [ABSTRACT FROM AUTHOR]
- Published
- 2024
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