Abstract
The purposes of this study are to analyze cost-efficient control of feed raw material inventory, anticipate shortages of supply, determine the correct time frame for reordering raw materials at the feedlot company PT Indo Prima Beef using the Economic Order Quantity (EOQ) mathematical model and determine the inventory value of raw materials with the First In First Out (FIFO) assessment model. Data collection was carried out in March-May 2020 using a case study method. The data used were primary data collected using questionnaires and secondary data from literature studies. The results showed that the inventory cost applied by PT Indo Prima Beef was different from the calculation of the EOQ model. According to EOQ analysis, the largest amount of safety stock is corn sugarcane as much as 139,725.95 kg, and the lowest amount is salt around 870.63 kg. The reorder point for PT Indo Prima Beef with the largest amount was dry onggok as much as 139,926 kg, while the lowest amount was 724.87 kg of salt. PT Indo Prima Beef uses a perpetual recording system with the First In First Out (FIFO) inventory valuation method with a total raw material inventory value of IDR2,129,685,820 in one year.Key words: EOQ,FIFO, inventory, supplies
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
