Inventory Planning to Minimize Costs Using Silver Meal in the Indonesian Gloves Industry

Ximenes, Agostinha Maria Da Silva and Ristono, Agus (2022) Inventory Planning to Minimize Costs Using Silver Meal in the Indonesian Gloves Industry. In: 1st International Conference on Engineering Optimization and Management in Industrial Applications "Advancement of Optimization, Engineering Technology, and Management for Sustainable Environment", 29 Oct 2022, Yogyakarta.

Text 12. Agustinha.pdf - Published Version Download (152kB)

Abstract

PT XYZ is a manufacturer and distributor of gloves in Indonesia. The products produced by PT XYZ are divided into 2 types, namely synthetic and non-synthetic gloves. PT XYZ is often faced with the problem of a shortage of raw materials for Double Mesh and Merry Mesh of 14.2% and 12.5%, where the shortage of raw materials was caused by uncertain procurement of raw materials and orders. Raw materials based on historical data. The method used to solve this inventory problem is the Silver Meal method. In this study, the Silver Meal method is used to determine the optimal results to minimize the cost of ordering raw materials and obtain optimal ordering capacity to optimize inventory. The results of this study indicate that orders for Double Mesh and Merry Mesh raw materials for the next 12 months (January – December 2022) are 9 times for Double Mesh and 10 times for Merry Mesh. The Silver Meal method also provides a total cost savings of $ 32,992 or 5.85%. This study also produced a safety stock of 25 rolls for Double Mesh and 20 rolls for Merry Mesh.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	forecasting, inventory, Silver Meal, safety stock, lot size
Subjects:	T Technology > T Technology (General)
Depositing User:	ST, M.Sc Astrid Wahyu Adventri Wibowo
Date Deposited:	05 Jan 2023 06:41
Last Modified:	27 May 2024 03:18
URI:	http://eprints.upnyk.ac.id/id/eprint/32199

Actions (login required)

View Item