Dinasti International Journal of Management Science
Vol 2 No 1 (2020): Dinasti International Journal of Management Science (September - October 2020)

AIRCRAFT SPARE PARTS INVENTORY MANAGEMENT ANALYSIS ON AIRFRAME PRODUCT USING CONTINUOUS REVIEW METHODS

Faikar Ridwan Harimansyah (Mercu Buana University, Jakarta)
Tukhas Shilul Imaroh (Mercu Buana University, Jakarta)



Article Info

Publish Date
23 Sep 2020

Abstract

The research aims to find the factors that cause high inventory value, increase the value of forecasting precision, service level and cost efficiency with fishbone diagrams and proposed methods. The research sample is 9 spare parts included in classification A in the ABC analysis and maintenance list 2018. Forecasting methods use Moving Average, Single Exponential Smoothing and Syntetos-Boylan Approximation as well as Mean Square Error calculation, deterministic inventory calculation and Continuous Review Method. The results of this study are an increase in logistics costs by $ 808.71 in the inventory management proposal. An increase in service level from 95% to 99% and the error value in the calculation of the proposal becomes smaller using the proposed method. This study also found that the factor causing the high inventory value was due to inaccurate planning methods so that other comparative methods were needed that could increase the precision of demand forecasting.

Copyrights © 2020






Journal Info

Abbrev

DIJMS

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Other

Description

This research was carried out on Build Operate Transfer investment in Business cooperation model to metering system development project by examinated those criterias by technology preparedness level (TKT) evaluation method, Innovation preparedness level and political, social economic, technology, ...