ANALYSIS OF THE APPLICATION OF EOQ AND POQ METHODS IN THE RAW MATERIAL INVENTORY CONTROL SYSTEM AT GRIYA BATIK MAS PEKALONGAN CITY

Griya Batik Mas is a batik making industry still using conventional methods as its inventory control system. Purchases of fabric raw material supplies are carried out routinely with the same order quantity every month without taking into account the quantity required. To find out whether the method used has produced the best costs, a comparison is carried out by applying the Economic Order Quantity (EOQ) and Period Order Quantity (POQ) methods. Data collection methods through interviews, observation, and documentation with comparative and efficiency analysis. The results of this research show that there is a difference in inventory costs with savings in total inventory costsThe application of the Economic Order Quantity (EOQ) method is greater than that of the method Period Order Quantity(POQ) for the Griya Batik Mas inventory control system, which is Rp7,450,721 for the four types of fabric, with an order frequency of 5 times in 1 year.

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Publication Details

Journal
Applied Accounting and Management Review (AAMAR)
Published
2024-10-31
DOI
https://doi.org/10.32497/aamar.v3i2.6068
Primary Topic
Management and Optimization Techniques
Type
article
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article

ANALYSIS OF THE APPLICATION OF EOQ AND POQ METHODS IN THE RAW MATERIAL INVENTORY CONTROL SYSTEM AT GRIYA BATIK MAS PEKALONGAN CITY

Musyafa Al Farizi, Dini Izzati, Maria Theresia Heni
1 links
Applied Accounting and Management Review (AAMAR)
Management and Optimization Techniques
article

ANALYSIS OF THE APPLICATION OF EOQ AND POQ METHODS IN THE RAW MATERIAL INVENTORY CONTROL SYSTEM AT GRIYA BATIK MAS PEKALONGAN CITY

Musyafa Al Farizi, Dini Izzati, Maria Theresia Heni
article en

Abstract

Griya Batik Mas is a batik making industry still using conventional methods as its inventory control system. Purchases of fabric raw material supplies are carried out routinely with the same order quantity every month without taking into account the quantity required. To find out whether the method used has produced the best costs, a comparison is carried out by applying the Economic Order Quantity (EOQ) and Period Order Quantity (POQ) methods. Data collection methods through interviews, observation, and documentation with comparative and efficiency analysis. The results of this research show that there is a difference in inventory costs with savings in total inventory costsThe application of the Economic Order Quantity (EOQ) method is greater than that of the method Period Order Quantity(POQ) for the Griya Batik Mas inventory control system, which is Rp7,450,721 for the four types of fabric, with an order frequency of 5 times in 1 year.

Applied Accounting and Management Review (AAMAR)Vol. 3(2)
State University of Semarang (ID), Politeknik Negeri Semarang
Openalex Percentile: Top 49%
Management and Optimization Techniques
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