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The implementation of economic order quantity for reducing inventory cost: a case study in automotive industry

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Title: The implementation of economic order quantity for reducing inventory cost: a case study in automotive industry

Creator:

Riza, Mohamad ; Purba, Humiras Hardi ; Mukhlisin

Object type:

artykuł

Abstract:

The EOQ model is one of the oldest classic production scheduling models. The EOQ mathematical models have been established within the scope of operations management to determine the optimal inventory level. The most widely used model is the EOQ model. This journal research uses descriptive research design. A survey was conducted on automotive components of a Japanese company in Indonesia. The company is one of the fastest growing industrial company among automotive component companies. The main products are copper materials used by the automotive industry for lamps, switches, electrical panel components two-wheeled vehicles and four-wheeled vehicles. The Japanese company seeks to meet increasing customer demand but on the other hand strive to obtain optimal inventory costs, as well as demand by parent companies in Japan for faster money turnover or otherwise known as Inventory Turnover Ratio (ITR) and must be in quantity minimum or small. This means the goods in the order must be as required.

Publisher:

Publishing House of Poznan University of Technology

Place of publication:

Poznań

Identifier:

oai:repozytorium.put.poznan.pl:460038 ; e-ISSN 2083-4950 ; p-ISSN 2083-4942

DOI:

10.21008/j.2083-4950.2018.8.4.1

Language:

eng

Relation:

Wydział Inżynierii Zarządzania ; Politechnika Poznańska ; Strona czasopisma

Rights Management:

Politechnika Poznańska

Format:

pp. 289-301

Rights:

wszystkie prawa zastrzeżone

Access rights:

dla wszystkich w zakresie dozwolonego użytku

Rights holder:

Politechnika Poznańska

Digital object format:

application/pdf

Subject and keywords:

inventory management economic order quantity inventory turnover ratio words

Object collections:

Last modified:

Feb 18, 2019

In our library since:

Feb 18, 2019

Number of object content hits:

43

Number of object content views in PDF format

18

All available object's versions:

http://repozytorium.put.poznan.pl/publication/553354

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The implementation of economic order quantity for reducing inventory cost: a case study in automotive industryrizari Feb 18, 2019

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Library of Poznan University of Technology
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61-138 Poznan

Phone

(+48) (61) 665-36-68
(+48) (61) 665-36-15

E-Mail

biblioteka@put.poznan.pl

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