Journal of Innovation, Business and Entrepreneurship
Vol 4, No 2 (2019)

Inventory management to reduce wasted product: case in naturale indonesia company

Aliffa, Aliffa (School of Business and Management, Institut Teknologi Bandung)
Farmaciawaty, Desy Anisya (School of Business and Management, Institut Teknologi Bandung)



Article Info

Publish Date
30 Jun 2020

Abstract

As cosmetic industry growth rapidly, Naturale Indonesia came as one of the fashion industry that focused on cosmetic based natural ingredients, located in Bandung, Indonesia. In balancing the high market demand in the cosmetic industry with company productivity, a cosmetic company should have a mature operation system. As one of cosmetic industry, Naturale Indonesia also needs to maintain their operating system which aims to prevent and solve any problems in operational activities. Naturale Indonesia has a problem in the operation process. In operation, Naturale Indonesia has a problem wasted product due to expired date because of cosmetics made from natural ingredients only last 3 to 6 months. Therefore, many products are wasted because Naturale Indonesia previously did not use planning methods, and make waste a lot of costs. Accordingly, this research was aimed to solve this problem by the Inventory management method which purposed to generate the mature production planning and optimum of quantity stock. To manage the inventory, the researcher will search the right method for Naturale cases by using method selection for inventory management. And then do the collecting data in historical data company and benchmarking to Felice Shop company. The result of this research is the implementation of an inventory management method for a cosmetic company and to know optimum stock, which is a Naturale Indonesia company by using Single Period method. The optimum stock for every tree months is 44 products for liptint, 10 products for lip balm, and 19 products for lip scrub.Keywords: Naturale Indonesia, Fashion Company (Cosmetic), Method Selection, Singel Period Method, Optimum of Quantity StockĀ 

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Journal Info

Abbrev

JIBE

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Journal of Innovation, Business and Entrepreneurship is intended to be an effective channel of communications and knowledge sharing among various types of stakeholder interested in the study of innovation, business and entrepreneurship, both from a theoretical and practical perspective. While ...