Abstract: An Analysis of Transformer Raw Materials Planning by Using Lot Sizing Technique (A Study Case of PT. XYZ Indonesia)
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064

Downloads: 119

Research Paper | Management | Indonesia | Volume 4 Issue 4, April 2015

An Analysis of Transformer Raw Materials Planning by Using Lot Sizing Technique (A Study Case of PT. XYZ Indonesia)

Suri Nur Rachmawati, Khairani Ratnasari Siregar

Global market of world electrical equipment has increased year by year. However, the fluctuated cost of raw materials can become an obstacle for the market development. PT. XYZ as one of electrical equipment companies needs a strategy of raw materials planning to meet the market demand which is expected to continue to grow. This study aims to analyze the raw material planning one of the company's products, namely transformer, which is able to save the total cost of inventory using lot sizing techniques. The method used is descriptive quantitative research. This study illustrates and compares several lot sizing techniques and its compliance with the conditions of the company. The conducted analysis shows among several lot sizing techniques mentioned, namely Lot for Lot (LFL), Economic Order Quantity (EOQ), Least Total Cost (LTC), Least Unit Cost (LUC), Part Period Balancing (PPB), and Wagner Within algorithm, lot sizing techniques which can be implemented in a company are lot for lot and Wagner Within algorithm. The research result shows that Wagner Within algorithm is the most suitable lot sizing technique in the transformer-s raw materials planning. Wagner Within algorithm is able to produce the lower inventory cost compared to lot for lot technique can do and save total cost saving ranges from 12 until 62 percent.

Keywords: Inventory Cost, Lot for Lot LFL, Lot Sizing Technique, Material Planning, Wagner Within Algorithm

Edition: Volume 4 Issue 4, April 2015

Pages: 1100 - 1104

Share this Article

How to Cite this Article?

Suri Nur Rachmawati, Khairani Ratnasari Siregar, "An Analysis of Transformer Raw Materials Planning by Using Lot Sizing Technique (A Study Case of PT. XYZ Indonesia)", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=SUB153183, Volume 4 Issue 4, April 2015, 1100 - 1104

Enter Your Email Address


Similar Articles with Keyword 'Inventory'

Downloads: 106

Research Paper, Management, Kenya, Volume 3 Issue 10, October 2014

Pages: 985 - 989

The Determinants of Trade Credit in Small and Medium Sized Firms in Kenya

Ruth Wambui Kangethe, Aquilars M. Kalio

Share this Article

Downloads: 106

Research Paper, Management, Kenya, Volume 5 Issue 10, October 2016

Pages: 1036 - 1042

Effect of Lead Time on the Efficient Delivery of Essential Drugs in Kenya: A Case Study of the Kenya Medical Supplies Authority

Elaine Chepkemoi Kirui, Godfrey K. Makau

Share this Article

Similar Articles with Keyword 'Cost'

Downloads: 148

Research Paper, Management, India, Volume 6 Issue 7, July 2017

Pages: 163 - 167

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph, Redha Jasim Shaker

Share this Article

Downloads: 182 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Review Papers, Management, India, Volume 9 Issue 2, February 2020

Pages: 1630 - 1635

A Study on Effectiveness of HR Metrics

Dr. R. Jayanthi

Share this Article

Similar Articles with Keyword 'Lot'

Downloads: 2 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper, Management, Indonesia, Volume 3 Issue 6, June 2014

Pages: 529 - 534

E-Business Analysis of Garut University (UNIGA) Using the Business Model Canvas

Maghfirah, Dini Turipanam Alamanda, Adhi Prasetio, Fajar Prabowo, Abdullah Ramdhani

Share this Article

Downloads: 2

Research Paper, Management, Kenya, Volume 3 Issue 9, September 2014

Pages: 2151 - 2156

Effect of Employee Rewards and Recognition on Job Performance in Kenya's Public Sector, A Case Study of Nakuru Water and Sanitation Services Company Ltd

Muthoni M. Muchai, Mwangi Benson

Share this Article

Similar Articles with Keyword 'for'

Downloads: 147

Research Paper, Management, Sierra Leone, Volume 9 Issue 2, February 2020

Pages: 973 - 978

The Essence of Risk Identification in Project Risk Management: An Overview

Crispin George

Share this Article

Downloads: 148

Research Paper, Management, India, Volume 6 Issue 7, July 2017

Pages: 163 - 167

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph, Redha Jasim Shaker

Share this Article

Similar Articles with Keyword 'Sizing'

Downloads: 129

Review Papers, Management, Malaysia, Volume 6 Issue 8, August 2017

Pages: 1154 - 1158

Effect of Human Capital on Organizational Performance: A Literature Review

Tarek Hasan Alnachef, Anas Ahsan Alhajjar

Share this Article

Downloads: 133

Research Paper, Management, India, Volume 6 Issue 4, April 2017

Pages: 404 - 408

A Systematic Approach and Framework for Business Transformation through Enabling Technology

Akash Agrawal, Dr. L. Sudershan Reddy, Alok Agrawal

Share this Article

Similar Articles with Keyword 'Technique'

Downloads: 147

Research Paper, Management, Sierra Leone, Volume 9 Issue 2, February 2020

Pages: 973 - 978

The Essence of Risk Identification in Project Risk Management: An Overview

Crispin George

Share this Article

Downloads: 182 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Review Papers, Management, India, Volume 9 Issue 2, February 2020

Pages: 1630 - 1635

A Study on Effectiveness of HR Metrics

Dr. R. Jayanthi

Share this Article

Similar Articles with Keyword 'Material'

Downloads: 148

Research Paper, Management, India, Volume 6 Issue 7, July 2017

Pages: 163 - 167

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph, Redha Jasim Shaker

Share this Article

Downloads: 181 | Weekly Hits: ⮙1 | Monthly Hits: ⮙2

Research Paper, Management, India, Volume 8 Issue 2, February 2019

Pages: 1116 - 1120

Emerging Needs and Importance of Green Supply Chain Management - A Case Study

Raj Kumar Malik, Dr. Gyanesh Kumar Sinha

Share this Article

Similar Articles with Keyword 'Planning'

Downloads: 147

Research Paper, Management, Sierra Leone, Volume 9 Issue 2, February 2020

Pages: 973 - 978

The Essence of Risk Identification in Project Risk Management: An Overview

Crispin George

Share this Article

Downloads: 148

Research Paper, Management, India, Volume 6 Issue 7, July 2017

Pages: 163 - 167

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph, Redha Jasim Shaker

Share this Article

Similar Articles with Keyword 'Within'

Downloads: 136

Research Paper, Management, Mexico, Volume 4 Issue 11, November 2015

Pages: 635 - 644

Empirical Study of the Top Management, their Skills and Abilities Case: Firms in Cuernavaca, Morelos. Mexico

Augusto Renato Perez Mayo PhD, Jose Alberto Hernandez Aguilar PhD, Luz Stella Vallejo Trujillo PhD

Share this Article

Downloads: 3 | Weekly Hits: ⮙1 | Monthly Hits: ⮙3

Research Paper, Management, Taiwan, Volume 10 Issue 8, August 2021

Pages: 152 - 162

A Study of the Effects of Spatial Arrangements and Interactive Medias on Presence, Involvement and Emotion in Senior Visitors within a Virtual Art Gallery

Liu Cheng-Li, Lin Po-Hung, Su Kuo-Wei

Share this Article

Similar Articles with Keyword 'Algorithm'

Downloads: 148

Research Paper, Management, India, Volume 6 Issue 7, July 2017

Pages: 163 - 167

Managing Cost Uncertainty in Production Using Genetic Algorithm

Dr. Niju. P. Joseph, Redha Jasim Shaker

Share this Article

Downloads: 72

Research Paper, Management, India, Volume 10 Issue 1, January 2021

Pages: 833 - 834

Blockchain in Supply Chain Management

Saif Aslam

Share this Article
Top