Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia
This paper studies on proposed inventory policy at a well-known pharmacy in Riau Province, Indonesia. Pharmacy X often experiences stockouts, especially during the critical period of the COVID-19 pandemic. These stockouts lead to lost sales. The Q and P inventory models are used to determine the opt...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | Indonesian |
| Published: |
Universitas Pembangunan Nasional "Veteran" Yogyakarta
2023-12-01
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| Series: | OPSI |
| Subjects: | |
| Online Access: | http://jurnal.upnyk.ac.id/index.php/opsi/article/view/11236 |
| _version_ | 1797352435960774656 |
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| author | Fransiska Hernina Puspitasari Wilbert Chandra Parama Kartika Dewa V Reza Bayu Kurniawan |
| author_facet | Fransiska Hernina Puspitasari Wilbert Chandra Parama Kartika Dewa V Reza Bayu Kurniawan |
| author_sort | Fransiska Hernina Puspitasari |
| collection | DOAJ |
| description | This paper studies on proposed inventory policy at a well-known pharmacy in Riau Province, Indonesia. Pharmacy X often experiences stockouts, especially during the critical period of the COVID-19 pandemic. These stockouts lead to lost sales. The Q and P inventory models are used to determine the optimal order quantity and order period using several simulation scenarios. Storage capacity and the ability of suppliers to supply drugs are constraints in this study. However, only 7 SKUs that often run out will be examined. The purpose of this paper is to minimize the shortage level of the SKUs using a parameter of shortage costs. After simulation, it was proven there was a decrease in the shortage costs in each SKU compared to the actual state. The reduction reached 23% - 74%. |
| first_indexed | 2024-03-08T13:15:32Z |
| format | Article |
| id | doaj.art-a010ad5a8a94474d8da29f59daa6a867 |
| institution | Directory Open Access Journal |
| issn | 1693-2102 2686-2352 |
| language | Indonesian |
| last_indexed | 2024-03-08T13:15:32Z |
| publishDate | 2023-12-01 |
| publisher | Universitas Pembangunan Nasional "Veteran" Yogyakarta |
| record_format | Article |
| series | OPSI |
| spelling | doaj.art-a010ad5a8a94474d8da29f59daa6a8672024-01-18T07:33:59ZindUniversitas Pembangunan Nasional "Veteran" YogyakartaOPSI1693-21022686-23522023-12-0116218819910.31315/opsi.v16i2.112365353Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, IndonesiaFransiska Hernina Puspitasari0Wilbert Chandra1Parama Kartika Dewa2V Reza Bayu Kurniawan3Department of Industrial Engineering, Universitas Atma Jaya YogyakartaDepartment of Industrial Engineering, Universitas Atma Jaya YogyakartaDepartment of Industrial Engineering, Universitas Atma Jaya YogyakartaIndustrial Engineering, Universitas Sarjanawiyata TamansiswaThis paper studies on proposed inventory policy at a well-known pharmacy in Riau Province, Indonesia. Pharmacy X often experiences stockouts, especially during the critical period of the COVID-19 pandemic. These stockouts lead to lost sales. The Q and P inventory models are used to determine the optimal order quantity and order period using several simulation scenarios. Storage capacity and the ability of suppliers to supply drugs are constraints in this study. However, only 7 SKUs that often run out will be examined. The purpose of this paper is to minimize the shortage level of the SKUs using a parameter of shortage costs. After simulation, it was proven there was a decrease in the shortage costs in each SKU compared to the actual state. The reduction reached 23% - 74%.http://jurnal.upnyk.ac.id/index.php/opsi/article/view/11236inventory policylost salessimulationshortage costs |
| spellingShingle | Fransiska Hernina Puspitasari Wilbert Chandra Parama Kartika Dewa V Reza Bayu Kurniawan Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia OPSI inventory policy lost sales simulation shortage costs |
| title | Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia |
| title_full | Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia |
| title_fullStr | Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia |
| title_full_unstemmed | Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia |
| title_short | Optimizing inventory policy to mitigate stockouts during the COVID-19 pandemic: a case study of a pharmacy in Riau, Indonesia |
| title_sort | optimizing inventory policy to mitigate stockouts during the covid 19 pandemic a case study of a pharmacy in riau indonesia |
| topic | inventory policy lost sales simulation shortage costs |
| url | http://jurnal.upnyk.ac.id/index.php/opsi/article/view/11236 |
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