INVENTORY ANALYSIS OF DEMAND AND STOCK DISCREPANCY AT CV ANYAMAN BENANG

• Main Author: Raihan Iqbal, Muhammad
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/67384
• Institution: Institut Teknologi Bandung

Textile and apparel manufacturing is the world's largest and oldest industry. The growth of the textile market is influenced by population growth, economic development, and rapid changes in fashion. Indonesia is one of the world's most important textile producers. Currently, there are more than 6000 stores that are actively selling more clothing products in e-commerce, especially plain t-shirts. In this situation, manufacturers must ensure that inventory is available so that buyers are not disappointed with the customer service and will going to competitors. Therefore, it is also necessary to find out accurate product requests internally and externally. The problem that occurs in the company is the difference in the amount of inventory stored in the warehouse with customer requests or commonly called Inventory Discrepancy. One of the company's efforts in managing inventory is to use the Periodic Review Model method with P and Q models. The use of these two methods aims to maximize the company's accuracy in determining when to purchase raw materials, the amount of stock that is safe to store, and how much raw material to buy. One of the parameters used to determine which method is better is the result of how much money can be saved after using that method. In this study, the methods used to improve the company's inventory management are Q-model and P-model. The total cost incurred using the Q-model is IDR 8,117,838 or in other words it can save costs of IDR 8,569,703 when compared to the actual Average Inventory Level. On the other hand, the total cost incurred using the P-model is IDR 6,550,265 or in other words it can save costs of IDR 10,137,267. If a comparison is made between the two models, the inventory costs incurred using the P-model are smaller and save more costs. In addition to using the P and Q models, improving the recruitment process, training employees, and involving staff in making decisions can help companies minimize human errors that occur in the company, so that the work done by staff will be more optimal which will have an impact on company performance.