Application of Material Requirement Planning with ARIMA Forecasting and Fixed Order Quantity Method in Optimizing the Inventory Policy of Raw Materials of Sederhana Restaurant in Palembang

DOI

10.2991/aebmr.k.200520.014How to use a DOI?

Keywords

Material Requirement Planning, ARIMA, FOQ, Inventory Planning

Abstract

Restaurant Sederhana is a cuisine that is famous for its characteristics throughout Indonesia originating from Minang. One of his favorite menus is rendang, fried Chicken and Omelette. Sederhana Restaurant Sudirman and Poligon branches have different needs. Therefore, to determine the minimum inventory costs at Sudirman and Polygon branches, the Material Requirement Planning(MRP) was applied with ARIMA forecasting and the Fixed Order Quantity (FOQ) method. Based on the calculation results, Sederhana Restaurant in Polygon produces lower inventory costs compared to one in Sudirman. The total inventory cost of rendang, fried chicken and pancake omelette in a row was 6,343,543,977 IDR, 2,719,741,084 IDR, 639,254,554 IDR, while in the Polygon branch is 3,396,976,681 IDR, 1,653,543,196 IDR and 721,227,835 IDR, with the minimum cost for rendang and fried chicken found in the Poligon branch with a difference of 2,946,567,296 IDR, for rendang and 1,653,543,196 IDR for fried chicken, while the minimum cost for an omelette is in the Sudirman branch with a difference of 81,973,281 IDR.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fitri Maya Puspita
AU  - Novia Aswara Primadani
AU  - Eka Susanti
PY  - 2020
DA  - 2020/05/23
TI  - Application of Material Requirement Planning with ARIMA Forecasting and Fixed Order Quantity Method in Optimizing the Inventory Policy of Raw Materials of Sederhana Restaurant in Palembang
BT  - Proceedings of the 5th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2019)
PB  - Atlantis Press
SP  - 71
EP  - 76
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200520.014
DO  - 10.2991/aebmr.k.200520.014
ID  - Puspita2020
ER  -