Analysis of Raw Material Inventory Control Using the Economic Order Quantity (EOQ) Method: Study of Simping MSMEs, Purwakarta Regency, Indonesia

Authors

  • M. Amirul Ghiffari Diploma of Industrial Technology Study Program, Politeknik Bhakti Asih, Purwakarta, Indonesia

DOI:

https://doi.org/10.37275/arkus.v10i1.524

Keywords:

Analysis, Control, Economic order quantity method, Raw material, Supply

Abstract

Raw material inventory is an important aspect in managing small and medium enterprises (SMEs). Effective inventory control can help SMEs increase efficiency and profitability. This research aims to analyze raw material inventory control at Simping MSMEs in Purwakarta Regency, Indonesia, using the economic order quantity (EOQ) method. Data was collected through a survey of 30 Simping MSMEs. The research results show that the EOQ method can help Simping MSMEs in determining the optimal number of raw material orders and minimizing inventory costs. Implementing the EOQ method can result in average inventory cost savings of 15% compared to the method currently used.

Downloads

Published

2024-02-21

Issue

Vol. 10 No. 1 (2024): Arkus

Section

Articles

License

Arkus  allow the author(s) to hold the copyright without restrictions and  allow the author(s) to retain publishing rights without restrictions, also the owner of the commercial rights to the article  is  the author.

How to Cite

Analysis of Raw Material Inventory Control Using the Economic Order Quantity (EOQ) Method: Study of Simping MSMEs, Purwakarta Regency, Indonesia. (2024). Arkus, 10(1), 520-524. https://doi.org/10.37275/arkus.v10i1.524

Article Metrics

564Abstract views
414Downloads
2Citations

Views and downloads recorded by this journal. Citation count from OpenAlex.