Improving the Silica Stock Level on Controlling Raw Material Inventories Using the Periodic Review Power Approximation Method in Indonesian Leading Tire Manufacturer

Helmi, Moch. Fatchul and Sumarsono, Sumarsono and Baskoro, Gembong (2021) Improving the Silica Stock Level on Controlling Raw Material Inventories Using the Periodic Review Power Approximation Method in Indonesian Leading Tire Manufacturer. Masters thesis, Swiss German University.

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Abstract

Competition in the industrial world is getting tighter, every manufacturing company must work quickly to meet market demand and as much as possible avoid missing opportunities in business. Poor raw material inventory control triggers an increase in the amount of raw material inventory and an increase in the total cost of inventory. In this study, a study was conducted to study the performance of raw material inventory control at leading tire manufacturers in Indonesia. It is expected that these results can evaluate the performance of raw material inventory control (silica) so that it can provide an alternative solution that is effective and efficient. The research was conducted by collecting data on silica needs and inventory cost data. The data that has been collected is processed using the "Periodic Review (R, s, S)" approach. The research results show that the performance of silica inventory control at Indonesian Leading Tire Manufacturer can be improved by implementing the proposed periodic review (R, s, S) policy parameters and can provide savings in the total cost of silica supplies by 3% or IDR 1,714,891,079 from the existing conditions and the service level value is 99.96%.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Periodic Review, Raw Material, Inventory Costs
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD40 Inventory control
T Technology > TJ Mechanical engineering and machinery
T Technology > TJ Mechanical engineering and machinery > TJ163.12 Mechatronics
Divisions: Faculty of Engineering and Information Technology > Department of Mechatronics Engineering
Depositing User: Faisal Ifzaldi
Date Deposited: 20 Aug 2021 03:02
Last Modified: 20 Aug 2021 03:02
URI: http://repository.sgu.ac.id/id/eprint/2191

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