Cost and Quantity Inventory Analysis in the Garment Industry: A Case study

Panday, Rorim and Novita Wahyu Setyawati, Novita and Dewi Sri Woelandari P.G, Dewi and Cahyadi Husadha, CH and Yoganingsih, Tutiek (2020) Cost and Quantity Inventory Analysis in the Garment Industry: A Case study. International Journal of Advanced Science and Technology, 29 (9s). pp. 2195-2203. ISSN 2005-4238

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This study aims to evaluate how effective and efficient inventory is in the fashion industry by using the EOQ method. This research is a quantitative study of WKB companies. The data used in this study are data for 2017 and 2018 covering the number of purchases and use of raw materials, data on ordering costs, data on holding costs, raw material prices, and Lead time. The results of this study indicate that, the level of frequency of purchases made more than 100 times resulting in high ordering costs. By using the EOQ method inventory becomes more effective and efficient, with order frequency being 15 times a year and ordering costs being less. The number of efficient inventories for one order based on EOQ in 2017 is 647 kg and in 2018 is 809 kg. For inventory costs using the EOQ method in 2017, the cost will be IDR 594,867.69 per year and in 2018 the cost will be IDR 612,956.26 per year. Costs that can be saved after using EOQ in 2017 are IDR 10,811,247.31 or 94.78%. Costs that can be saved after using EOQ in 2018 will cost IDR 11,066,168.74 or 94.75%.

Item Type: Article
Subjects: Manajemen
Divisions: Fakultas Ekonomi dan Bisnis > Manajemen
Panday, Rorim0425025801
Novita Wahyu Setyawati, Novita0319067107
Dewi Sri Woelandari P.G, Dewi0319067107
Cahyadi Husadha, CH0304068209
Yoganingsih, Tutiek0302016002
AuthorPanday, Rorim0425025801
AuthorNovita Wahyu Setyawati, Novita0319067107
AuthorDewi Sri Woelandari P.G, Dewi0319067107
AuthorCahyadi Husadha, CH0304068209
AuthorYoganingsih, Tutiek0302016002
Depositing User: Cahyadi Husadha
Date Deposited: 26 Aug 2020 06:41
Last Modified: 26 Aug 2020 06:41

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