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Scholars Journal of Economics, Business and Management | Volume-6 | Issue-08
Analysis of Inventory Management of Outside used Materials with Min Max Method in JEC @ MENTENG
Apriliana Cendraleka, Achmad Hidayat Sutawijaya
Published: Aug. 18, 2019 | 133 129
DOI: 10.36347/sjebm.2019.v06i08.001
Pages: 390-398
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Abstract
The purpose of this study is to try to solve inventory problems in JEC @ Menteng, so that the company can set safety stock, minimum inventory, maximum inventory, and order quantities for each medical BHP needed so that inventory costs are saved. This research through the stages of ABC analysis to determine the group of items on each item, then proceed with the calculation of minimum inventory, maximum, safety stock, average inventory value, turnover ratio, inventory turnover and total inventory cost, followed by comparing the results of the method calculation min -max with company method calculation. The results of the study with the applied Min-max method turned out to be able to increase turnover ratio (TOR), inventory turnover (ITO), reduce the average inventory value and total inventory cost (TIC) so that the investment cost savings of Rp. 4,409, - for 2016 and Rp. 24,102,396, - for 2017.