Year: 2024
Type: article
Abstract: Inventory plays an important role in modern industry, affecting the Company's overall performance. Effective inventory management ensures smooth operations by avoiding material shortages, optimizing storage costs. And maintaining product quality. PT Eteris Prima Wiyasa, an essential oil manufacturer, currently manages its raw material inventory based on market demand, resulting in occasional shortages or overstocks. The Economic Order Quantity (EOQ) model provides a solution by optimizing ordering and storage costs to determine the optimal order quantity, reduce stockouts and lower inventory costs. This study aims to optimize raw material inventory at PT Eteris Prima Wiyasa using EOQ, overcoming problems related to inventory imbalances and supplier minimum order quantities.
Source: Jurnal Ekobistek
Institution: IPB University
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4404956051