Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ
Research and development efforts are currently underway to enhance inventory control systems. However, fluctuations in demand often pose challenges to achieving optimal inventory management. To address this issue, it is crucial to establish efficient control measures that maintain an optimal invento...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/102/e3sconf_icimece2023_02009.pdf |
| _version_ | 1797345011583418368 |
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| author | Hernandoko Nauval Widyo Laksono Pringgo |
| author_facet | Hernandoko Nauval Widyo Laksono Pringgo |
| author_sort | Hernandoko Nauval |
| collection | DOAJ |
| description | Research and development efforts are currently underway to enhance inventory control systems. However, fluctuations in demand often pose challenges to achieving optimal inventory management. To address this issue, it is crucial to establish efficient control measures that maintain an optimal inventory level. This study focuses on finding an effective approach for PT XYZ to manage stockpiles of raw materials for armored vehicle body hulls, aiming to prevent shortages or excessive stockpiling. The research uses the ABC categorization system and the min-max stock approach as its material inventory control strategies. Inventory classification, inventory turnover, the amount of safety stock, minimum stock, maximum stock, and order quantity are all determined using this procedure. By conducting a case study on PT XYZ's material inventory control for Panzer body hulls, it was identified that 3 materials fell under the important category (A), 3 materials in the moderate category (B), and 20 materials in the less critical category (C). The findings of this research are that the ABC method and min-max stock can be used as a reliable foundation for establishing inventory control parameters. Companies are advised to evaluate and consider the rules for each material, such as material costs, rare or not material types, and a history of delays from suppliers. These factors play a significant role in determining appropriate inventory control measures. |
| first_indexed | 2024-03-08T11:11:15Z |
| format | Article |
| id | doaj.art-432fe18c20624294b8eb71b1a0d660d7 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-03-08T11:11:15Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-432fe18c20624294b8eb71b1a0d660d72024-01-26T10:42:38ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014650200910.1051/e3sconf/202346502009e3sconf_icimece2023_02009Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZHernandoko Nauval0Widyo Laksono Pringgo1Industrial Engineering Universitas Sebelas MaretIndustrial Engineering Universitas Sebelas MaretResearch and development efforts are currently underway to enhance inventory control systems. However, fluctuations in demand often pose challenges to achieving optimal inventory management. To address this issue, it is crucial to establish efficient control measures that maintain an optimal inventory level. This study focuses on finding an effective approach for PT XYZ to manage stockpiles of raw materials for armored vehicle body hulls, aiming to prevent shortages or excessive stockpiling. The research uses the ABC categorization system and the min-max stock approach as its material inventory control strategies. Inventory classification, inventory turnover, the amount of safety stock, minimum stock, maximum stock, and order quantity are all determined using this procedure. By conducting a case study on PT XYZ's material inventory control for Panzer body hulls, it was identified that 3 materials fell under the important category (A), 3 materials in the moderate category (B), and 20 materials in the less critical category (C). The findings of this research are that the ABC method and min-max stock can be used as a reliable foundation for establishing inventory control parameters. Companies are advised to evaluate and consider the rules for each material, such as material costs, rare or not material types, and a history of delays from suppliers. These factors play a significant role in determining appropriate inventory control measures.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/102/e3sconf_icimece2023_02009.pdf |
| spellingShingle | Hernandoko Nauval Widyo Laksono Pringgo Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ E3S Web of Conferences |
| title | Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ |
| title_full | Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ |
| title_fullStr | Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ |
| title_full_unstemmed | Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ |
| title_short | Inventory Control Using ABC Classification and Min-Max Stock Method in The Manufacture of Armored Vehicle Body Hull at PT XYZ |
| title_sort | inventory control using abc classification and min max stock method in the manufacture of armored vehicle body hull at pt xyz |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/102/e3sconf_icimece2023_02009.pdf |
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