Inventory is a companies asset that has an important role in business operations, so companies need to proactive management, which means companies should be able to anticipate the circumstances and challenges that exist in inventory management to achieve the ultimate goal, namely to minimize the total costs to be incurred by the company for handling inventory. Research conducted at Pama Persada Nusantara District KPCS aims to find out the amount of economical supply procurement in the effort to meet the procurement of Tellus 68 and Tellus 46 oil supplies to support the company's operational activities continuously. The analysis method used is EOQ (Economic Order Quantity), the total cost of inventory obtained from EOQ for Tellus 68 oil is Rp. 3.435.607.950 and Tellus Oli 46 is Rp. 8.424.243.631. The cost of the company for Tellus 68 Oil is Rp. 3.542.953.830 and Tellus 46 Oil is Rp. 9.065.390.370 so that the cost efficiency comparison between company policy and EOQ is Rp. 748.492.619. The results of this study showed that the most economical inventory by comparing the amount of ordering time, the number of purchases, the cost of ordering, storage costs, and the minimum total inventory cost of the company.
| Published in | International Journal of Industrial and Manufacturing Systems Engineering (Volume 5, Issue 2) |
| DOI | 10.11648/j.ijimse.20200502.12 |
| Page(s) | 23-27 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
Economic Order Quantity, Oil, Reorder Point, Safety Stock
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APA Style
Irnanda Pratiwi, Winny Andalia, Hazairin Samaullah. (2020). Inventory Control of Tellus 68 Oil and Tellus 46 By Using Economic Order Quantity Method (Case Study at Pama Persada Nusantara, Kpcs Sangatta District, East Borneo). International Journal of Industrial and Manufacturing Systems Engineering, 5(2), 23-27. https://doi.org/10.11648/j.ijimse.20200502.12
ACS Style
Irnanda Pratiwi; Winny Andalia; Hazairin Samaullah. Inventory Control of Tellus 68 Oil and Tellus 46 By Using Economic Order Quantity Method (Case Study at Pama Persada Nusantara, Kpcs Sangatta District, East Borneo). Int. J. Ind. Manuf. Syst. Eng. 2020, 5(2), 23-27. doi: 10.11648/j.ijimse.20200502.12
AMA Style
Irnanda Pratiwi, Winny Andalia, Hazairin Samaullah. Inventory Control of Tellus 68 Oil and Tellus 46 By Using Economic Order Quantity Method (Case Study at Pama Persada Nusantara, Kpcs Sangatta District, East Borneo). Int J Ind Manuf Syst Eng. 2020;5(2):23-27. doi: 10.11648/j.ijimse.20200502.12
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Download@article{10.11648/j.ijimse.20200502.12,
author = {Irnanda Pratiwi and Winny Andalia and Hazairin Samaullah},
title = {Inventory Control of Tellus 68 Oil and Tellus 46 By Using Economic Order Quantity Method (Case Study at Pama Persada Nusantara, Kpcs Sangatta District, East Borneo)},
journal = {International Journal of Industrial and Manufacturing Systems Engineering},
volume = {5},
number = {2},
pages = {23-27},
doi = {10.11648/j.ijimse.20200502.12},
url = {https://doi.org/10.11648/j.ijimse.20200502.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijimse.20200502.12},
abstract = {Inventory is a companies asset that has an important role in business operations, so companies need to proactive management, which means companies should be able to anticipate the circumstances and challenges that exist in inventory management to achieve the ultimate goal, namely to minimize the total costs to be incurred by the company for handling inventory. Research conducted at Pama Persada Nusantara District KPCS aims to find out the amount of economical supply procurement in the effort to meet the procurement of Tellus 68 and Tellus 46 oil supplies to support the company's operational activities continuously. The analysis method used is EOQ (Economic Order Quantity), the total cost of inventory obtained from EOQ for Tellus 68 oil is Rp. 3.435.607.950 and Tellus Oli 46 is Rp. 8.424.243.631. The cost of the company for Tellus 68 Oil is Rp. 3.542.953.830 and Tellus 46 Oil is Rp. 9.065.390.370 so that the cost efficiency comparison between company policy and EOQ is Rp. 748.492.619. The results of this study showed that the most economical inventory by comparing the amount of ordering time, the number of purchases, the cost of ordering, storage costs, and the minimum total inventory cost of the company.},
year = {2020}
}
TY - JOUR T1 - Inventory Control of Tellus 68 Oil and Tellus 46 By Using Economic Order Quantity Method (Case Study at Pama Persada Nusantara, Kpcs Sangatta District, East Borneo) AU - Irnanda Pratiwi AU - Winny Andalia AU - Hazairin Samaullah Y1 - 2020/07/06 PY - 2020 N1 - https://doi.org/10.11648/j.ijimse.20200502.12 DO - 10.11648/j.ijimse.20200502.12 T2 - International Journal of Industrial and Manufacturing Systems Engineering JF - International Journal of Industrial and Manufacturing Systems Engineering JO - International Journal of Industrial and Manufacturing Systems Engineering SP - 23 EP - 27 PB - Science Publishing Group SN - 2575-3142 UR - https://doi.org/10.11648/j.ijimse.20200502.12 AB - Inventory is a companies asset that has an important role in business operations, so companies need to proactive management, which means companies should be able to anticipate the circumstances and challenges that exist in inventory management to achieve the ultimate goal, namely to minimize the total costs to be incurred by the company for handling inventory. Research conducted at Pama Persada Nusantara District KPCS aims to find out the amount of economical supply procurement in the effort to meet the procurement of Tellus 68 and Tellus 46 oil supplies to support the company's operational activities continuously. The analysis method used is EOQ (Economic Order Quantity), the total cost of inventory obtained from EOQ for Tellus 68 oil is Rp. 3.435.607.950 and Tellus Oli 46 is Rp. 8.424.243.631. The cost of the company for Tellus 68 Oil is Rp. 3.542.953.830 and Tellus 46 Oil is Rp. 9.065.390.370 so that the cost efficiency comparison between company policy and EOQ is Rp. 748.492.619. The results of this study showed that the most economical inventory by comparing the amount of ordering time, the number of purchases, the cost of ordering, storage costs, and the minimum total inventory cost of the company. VL - 5 IS - 2 ER -
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