Analysis of Chemical Inventory Control in the GGCP Unit Using Forecasting and EOQ Methods at PT. XYZ

Aditya, Hisyam Aziz (2023) Analysis of Chemical Inventory Control in the GGCP Unit Using Forecasting and EOQ Methods at PT. XYZ. Advance Sustainable Science, Engineering and Technology (ASSET), 5 (3). pp. 1-10. ISSN 2715-4211

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Abstract

PT. XYZ is a company operating in the energy producing industry. Which has 2 types of products, steam power and electricity. Steam in GGCP contains 3 chemicals, namely Amine, phosphate, oxygen scavenger. However, this company experienced an accumulation of excessive chemical stocks and reduced chemical consumption. This research aims to determine the number of company orders and determine overall inventory costs using forecasting methods and economical order quantities. In calculating the Total Inventory Cost (TIC) results, there is a significant calculation where TIC EOQ has an economical cost for Amine chemicals of IDR. 15,879,937 while the company's TIC is IDR. 36,226,539. with forecast results for Amine chemicals of 4148/ltr, phosphate of 3061/ltr, and scavenger oxygen of 5450/ltr. Meanwhile, the EOQ calculation results obtained a value for Amine chemicals of 1361/ltr, phosphate of 1164/ltr and 1554/ltr for oxygen scavenger chemicals.

Item Type:	Article
Uncontrolled Keywords:	Inventory Control; Forecasting; EOQ; Chemicals
Subjects:	Engineering > Industrial Engineering Engineering
Divisions:	Faculty of Engineering > Industrial Engineering Study Program
Depositing User:	hisyam aziz aditya
Date Deposited:	25 Jan 2024 01:36
Last Modified:	25 Jan 2024 01:36
URI:	http://eprints.umg.ac.id/id/eprint/9157

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