Volume 5, Issue 2, June 2020, Page: 23-27
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)
Irnanda Pratiwi, Industrial Engineering Department, Engineering Faculty, Tridinanti University Palembang, Jalan Marzuki Palembang, Indonesia
Winny Andalia, Industrial Engineering Department, Engineering Faculty, Tridinanti University Palembang, Jalan Marzuki Palembang, Indonesia
Hazairin Samaullah, Electrical Engineering Department, Engineering Faculty, Tridinanti University Palembang, Jalan Marzuki Palembang, Indonesia
Received: Jun. 6, 2020;       Accepted: Jun. 19, 2020;       Published: Jul. 6, 2020
DOI: 10.11648/j.ijimse.20200502.12      View  74      Downloads  19
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.
Keywords
Economic Order Quantity, Oil, Reorder Point, Safety Stock
To cite this article
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), International Journal of Industrial and Manufacturing Systems Engineering. Vol. 5, No. 2, 2020, pp. 23-27. doi: 10.11648/j.ijimse.20200502.12
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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