Inventory Analysis at the Inspection Services Division using Economic Order Quantity (EOQ) and Just in Time (JIT) Approach

In today's highly competitive business environment, companies strive to satisfy customers by delivering high-quality products and services. This holds true for a cargo inspection services company, which relies on procuring raw materials equipment ensure optimal service delivery. One crucial aspect of efficient operations is monitoring controlling the inventory cans used sampling. Effective control essential avoid excessive or insufficient stock levels, can result in increased costs. To address this challenge, company conducted research comparing different methods: Economic Order Quantity (EOQ) Just-in-Time (JIT). The objective was identify most suitable approach optimize levels while minimizing By implementing JIT method, able determine precise amount needed, leading an optimized level. analysis revealed that resulted significant cost savings, totaling IDR 2,818,611,323. Based these findings, it concluded method appropriate Inspection Services Division. adopting JIT, effectively manage reduce costs, enhance operational efficiency.