#TITLE_ALTERNATIVE#
The inventory plays an important role for company business, because most of the <br /> <br /> working capital will be absorbed in the inventory value, which will burden the <br /> <br /> financial cash flow of the company. The inventory has to be managed at the <br /> &...
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| Main Author: | |
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/25150 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The inventory plays an important role for company business, because most of the <br />
<br />
working capital will be absorbed in the inventory value, which will burden the <br />
<br />
financial cash flow of the company. The inventory has to be managed at the <br />
<br />
optimum level, to make balance between the service level and the inventory level. <br />
<br />
This research gives an alternative method for calculation of safety stock that <br />
<br />
correlates the value factors and the risk factors of starting materials. <br />
<br />
The retrospective data at 2017 is collected for 550 items of raw materials and 725 <br />
<br />
items of packaging materials. The value factor is calculated using ABC analysis, <br />
<br />
while the risk factor is calculated using some parameters (supplier audit, <br />
<br />
percentage of rejection and complaint, delay of delivery, and function of starting <br />
<br />
materials). Then, the value and the risk factors are combined for determination of <br />
<br />
the value-risk score (VR score) used for safety stock calculation. The comparison <br />
<br />
study of amount and value of safety stock is compared with the current method in <br />
<br />
company A and the Z score method. <br />
<br />
The result of the research showed that the VR score method can reduce the <br />
<br />
inventory value of raw materials by 34% compared with the current method in <br />
<br />
company A. The VR score method for the packaging materials recommends to <br />
<br />
raise 50% of safety stock compare with the current method, but still lower than <br />
<br />
safety stock calculation using the Z score method. This is because in company A, <br />
<br />
the risk score of packaging materials is higher than raw materials, so packaging <br />
<br />
materials require higher safety stock level. <br />
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