Determination of Interval Order Policy at Distributor and Retailers using Innovative Heuristic Method to Minimize Inventory Total Cost (Application Case at Distributor X in Indonesia)
| Main Authors: | Heryanto, Rainisa Maini, Santoso, Santoso, Kristianto, Elizabeth Ivana |
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| Format: | Proceeding PeerReviewed Book |
| Terbitan: |
, 2016
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| Subjects: | |
| Online Access: |
http://repository.maranatha.edu/22768/1/6.%20Determination%20of%20Interval%20Order%20Policy.pdf http://repository.maranatha.edu/22768/ |
Daftar Isi:
- A supply chain system usually consists of entities such as manufacturer, distributor, retailer, and customer. Integration in a supply chain system is an important factor to increase competitiveness between each other. This research will be discussed how to integrate between single distributor and ten retailers of eight products and to find a minimum inventory total cost. Currently, distributor and each retailer have its own order policy and give an impact that inventory total cost is expensive. The innovative heuristic method which used to integrate order policy between distributor and retailers for multi item is a model of Praharsi, et al (2014). The initial step in this research is calculating the cost elements such as ordering cost and holding cost, then calculating inventory total cost with current method and innovative heuristic method. The result of this research is interval order policy at distributor and each retailer. This method is given a minimum inventory total cost at distributor and each retailer.