Evaluation Of Operating Cost For Money Packaging

Panday, Rorim and Navanti, Dovina (2020) Evaluation Of Operating Cost For Money Packaging. INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH, 9 (3). ISSN 2277-8616

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Abstract

Abstract: Evaluation operational costs need to be done in company operations, including inventory costs so that inventory costs become effective. For this reason, the EOQ method will be applied. Inventory management carried out by PT ADP company engaged in money packaging services, where the costs incurred by the company in 2017 amounted to IDR 361,422,557 for 27,834 rolls with a frequency of purchases of 15 times. By using the EOQ method the inventory costs incurred by the company for the production process during 2017 were IDR 64,794,240, for 679 rolls at a purchase frequency of 25 times. By using the EOQ method the company can save costs by IDR 296,628,317 or 82.07% more efficient. Costs incurred by the company in 2018 was IDR 902,176,802 for 33,473 rolls with a frequency of purchase of 10 times. Using the EOQ method the inventory costs incurred by the company for the production process in 2018 were IDR 370,116,620, for 1465 roll at a purchase frequency of 43 times. By using the EOQ method the company can save costs by IDR 532,060,182 or 59% more savings. Referring to the evaluation of inventory costs in 2017 and 2018, it can be proposed using the EOQ method for 2019 in determining the amount of inventory and its costs. Keywords: Inventory management, EOQ, Inventory Cost.

Item Type: Article
Subjects: Manajemen
Creators:
CreatorsNIM/NIDN
Panday, Rorim0425025801
Navanti, Dovina0327037601
Depositing User: Dovina navanti
Date Deposited: 15 Sep 2020 01:32
Last Modified: 15 Sep 2020 01:32
URI: http://repository.ubharajaya.ac.id/id/eprint/5576

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