IMPROVING QUANTITY OF PRODUCTION USING FORECASTING AND INVENTORY MODEL IN CLARENTS COMPANY

• Main Author: Armianty Yuniar, Yura
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/41086
• Institution: Institut Teknologi Bandung

Basically, Forecasting is one of the important things in running a business. In addition, forecasting makes business continuity efficient. There are several factors that determine the sale of our business. In the field of fashion trends is a considerable influence, but we still have to determine how many effective items we produce to run out. Clarents Company is a company that sells card wallets, this company is categorized as a Small and Medium Business. This company previously always used the Rule of Thumb system in its forecasting process. The problem that is always experienced by this company is the accumulation of unsold products. This causes the profits obtained do not match the specified target. Analysis using 2 methods, namely inventory theory and forecasting collaborated using demand in the last 3 months is used to determine the approximate method. It turns out that the most suitable forecasting request for 6 slots, 12 slots and 24 slots is the Inventory method collaborated with the Forecasting method. Where this method produces the smallest loss compared to other methods, namely, Time Series Decomposition Multiplicative, and collaboration between Inventory and Forecasting. Finally, for the new method we can minimize lost sales. For slot 6 models we can reduce lost sales from 62 to 56, for model 24 slots from 124 to 30, and for method 24 we can reduce sales lost from 304 to 27. Using this method, we can prepare how many items we must produce in the future. It can also increase the company's sales results.