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Proposed inventory strategy of NSR material in Cikarang-Indonesia oil and gas: Services company
Prawira A.Y.a, Yuliani E.N.S.a, Iridiastadi H.b
a Master of Industrial Engineering Department, Universitas Mercu Buana, Jakarta, 11650, Indonesia
b Doctoral Programme of Industrial Engineering, Bandung Institute of Technology, 40132, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2018 Jordan Journal of Mechanical and Industrial Engineering.The main purpose of this article is to present the inventory control model to determine the most reasonable amount of stock. The amount of stock exceeding or less than the requirement gives adverse impact to the company. With the current inventory system Oil and Gas Services, companies often experience the amount of NSR (Neutron Source Radioactive) supplies that exceed their needs. This is due to the number of orders provided to the supplier set based on various things such as anticipated safety stock, improper accuracy in the estimated needs, and projected lead time of arrival of goods. If the amount of inventory is too large, the amount of funds that must be spent by the company will also increase, in addition to increased storage costs, and an increased risk of damage to goods. However, if too little causing cessation of production processes, delays in profits can happen, or even loss of customers. The most reasonable inventory level improvement is done through stock optimization methods such as EOQ (Economic Order Quantity) model, Newsvendor Model, Lot-Sized Reorder Point System, and Service Level in Q and R System. With these inventory modes, the most reasonable inventory level can be found.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Cessation of productions,Economic order quantity,Inventory costs,Inventory strategies,Inventory systems,Optimization method,Overstock,Reorder point systems[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Inventory cost,Inventory strategy,NSR material,Overstock,Stock Optimization[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]