AIRCRAFT SPARE PARTS INVENTORY MANAGEMENT ANALYSIS ON AIRFRAME PRODUCT USING CONTINUOUS REVIEW METHODS

Authors

  • Faikar Ridwan Harimansyah Mercu Buana University, Jakarta
  • Tukhas Shilul Imaroh Mercu Buana University, Jakarta

DOI:

https://doi.org/10.31933/dijms.v2i1.528

Keywords:

Inventory Management, ABC Analysis, Forecasting, Continuous Review

Abstract

The research  aims to find the factors that cause high inventory value, increase the value of forecasting precision, service level and cost efficiency with fishbone diagrams and proposed methods. The research sample is 9 spare parts included in classification A in the ABC analysis and maintenance list 2018. Forecasting methods use Moving Average, Single Exponential Smoothing and Syntetos-Boylan Approximation as well as Mean Square Error calculation, deterministic inventory calculation and Continuous Review Method. The results of this study are an increase in logistics costs by $ 808.71 in the inventory management proposal. An increase in service level from 95% to 99% and the error value in the calculation of the proposal becomes smaller using the proposed method. This study also found that the factor causing the high inventory value was due to inaccurate planning methods so that other comparative methods were needed that could increase the precision of demand forecasting.

References

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Published

2020-09-23

How to Cite

Ridwan Harimansyah, F., & Tukhas Shilul Imaroh. (2020). AIRCRAFT SPARE PARTS INVENTORY MANAGEMENT ANALYSIS ON AIRFRAME PRODUCT USING CONTINUOUS REVIEW METHODS. Dinasti International Journal of Management Science, 2(1), 81–90. https://doi.org/10.31933/dijms.v2i1.528

Issue

Vol. 2 No. 1 (2020): Dinasti International Journal of Management Science (September - October 2020)

Section

Articles

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