KIC
Vol. 2 (2024): Proceeding Kilisuci International Conference on Economic and Business

Analysis The Implementation Of Economic Order Quantity Method In Controlling The Inventory Of Raw Materials For Screen Printing T-Shirts At Raxgacloth Printing

Mohammad Irvan (University of Nusantara PGRI Kediri)
Diah Ayu Septi Fauji (Unknown)

Article Info

Publish Date
19 Apr 2024

Abstract

Research aim : This research aims to determine the optimal amount of raw materials for screen printed t-shirts at Raxgacloth Printing using the Economic Order Quantity (EOQ) method so as to minimize inventory costs such as ordering costs and storage costs. Design/Methode/Approach : This research uses a quantitative descriptive approach with data processing assisted by the POM QM application. The data used in this research is from December 2022 to November 2023. Research Finding : The research results show that controlling the inventory of t-shirt raw materials based on Raxgacloth Printing's policy resulted in 6,423 t-shirt units at a cost of Rp. 6,427,847 with an order frequency of 180 times a year. Meanwhile, by calculating raw material inventory using the Economic Order Quantity method, more optimal results were obtained, including purchasing raw materials for only 1,542 units of t-shirts at a cost of Rp. 380,425 and order frequency 4 times a year. For Safety Stock 36 units were obtained and Reorder Point was 74 units.

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Journal Info
KIC
Website

Abbrev

kilisuci

Publisher

Universitas Nusantara PGRI Kediri

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

Kilisuci International Conference on Economic & Business is a international scientific proceeding are open to seeking innovation, creativity and novelty. Either letters, research notes, articles, supplemental articles, or review articles. Kilisuci International Conference on Economic & Business aims ...