ONGKICYNTIA, ALLYSIA and Rahardjo, Jani (2017) Replenishment Strategy Based on Historical Data and Forecast of Safety Stock. In: 2017 International Conference on Soft Computing, Intelligent System and Information Technology (ICSI, 29-09-2017 - 29-09-2017, Denpasar - Bali - Indonesia.
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Abstract
One of replenishment strategy that can be used to reduce stock out occurrences on fulfilling customer demand is safety stock. Safety stock generally influenced by supplier or manufacturing lead time, service level, and standard deviation. This research calculates and analysis the safety stock is between forecast data and historical data. ABC/FMR classifications help to give information to the company whether parts need to have stock or not. The result shows that safety stock based on historical data is better than safety stock based on forecast data. It is because safety stock based on historical data can describe the erratic demand than based on forecast data. Safety stock based on forecast data cannot be used because it has the low percentage of forecast accuracy. Based on ABC/FMR classification, several parts are suggested to have stock because has the highly frequent demand and several parts are suggested to have non-stock.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Replenishment strategy; safety stock; service level; ABC/FMR classification. |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | Faculty of Industrial Technology > Industrial Engineering Department |
| Depositing User: | Admin |
| Date Deposited: | 28 Aug 2018 07:11 |
| Last Modified: | 06 Sep 2018 21:09 |
| URI: | https://repository.petra.ac.id/id/eprint/18602 |
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