Publication Date: 2023/09/01
Abstract: This study discusses the application of the Economic Order Quantity (EOQ) method in controlling set top box inventory in sales at PT. Indonusa Telemehe. Set top box inventory is an important asset for companies to ensure product availability to customers and avoid excessive storage costs. This study's goal is to increase set- top box inventories so that businesses can manage inventories more effectively. This study uses a quantitative approach by collecting historical data on set top box sales over a certain period. The collected data is then analyzed to calculate the EOQ value based on factors such as demand level, order cost, storage cost, and product requirement level. In addition, ABC analysis is also applied to identify the category of set top boxes that have the largest contribution to the total inventory value. The results showed that the application of the EOQ method can help PT. Indonusa Telemedia in controlling the inventory of set top boxes effectively. The use of EOQ helps avoid an imbalance between ordering costs and storage costs, so companies can reduce overall costs associated with inventory. In addition, ABC analysis also allows companies to focus on managing inventory for more strategic set top box categories.
Keywords: Application of EOQ Method, Inventory Control, Set Top Box, PT. Indonusa Telemehe.
DOI: https://doi.org/10.5281/zenodo.8308176
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUL2361.pdf
REFERENCES