OPTIMAL INVENTORY POLICY TO MAXIMIZE PROFITS USING THE EOQ MODEL ON BLUE SCREEN LENS SALES AT OPTIK KUNANTI

• Main Author: Cahya Wulan Pratami, Gieti
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/64283
• Institution: Institut Teknologi Bandung

There are cases of myopia caused by the impact of technology during the pandemic period, this is a great opportunity for Optik Kunanti. But when the market opening hours have begun to be limited by the Surakarta government. There is uncertainty about supply and demand. Based on the data, Blue Screen Lens has higher buyers from September until January, if the company doesn’t have inventory on this lens, it will affect the sustainability of the company. This research uses descriptive method. Meanwhile, this study used Mixed methods research that focuses on collecting, analyzing, and mixing both quantitative and qualitative data. The best way for forecasting demand is to use decomposition with an average every 7 days produces, which can be seen from the MAPE score of 46,57%. The 1st, 2nd, 7th, 12th, 13th, 18th, and 27th are some of the proposed dates for re-ordering points (the number of orderings is increasing due to level of variance from 6 times to be 8 times). The existence of savings of IDR 1.003.011 every month may be justified by the results of calculations utilizing EOQ, and there are no shortage cases. This suggests that adopting the EOQ inventory control approach is better than using Optik Kunanti's previous inventory management method. The proper inventory control and usage forecasts must be accompanied by several actions. These activities can be classified into the following fifth categories which are Preparation, Planning, Action, Evaluation, and Risk Identification and Mitigation.