Abstract
This thesis discusses about case study Micro, Small, and Medium Enterprise (MSME) inventory control which is engaged in food and beverages industry, students of the Faculty of Economics and Business of UI, of 2020. The increasing number of MSMEs which is engaged in food and beverages industry has positive impact to the economy of Indonesia, but also leads to the increases of competitiveness among MSMEs. To compete with others in the food and beverages industry which is always growing year by year, MSMEs should be able to manage the inventory professionally. Warteg ABC is a MSME, engaged in the food and beverages industry, which is sell Indonesian cuisine. Warteg ABC was already operated for more or less 4 years in South Jakarta. Data is obtained using business coaching method, a qualitative research from the interview with the owner and observation, to mapping the MSME’s conditions and problems, continued with the corrective action to implement solution. The result shows that Warteg ABC did not have proper record for the inventory purchase decision, the amount of inventory and the calculation of inventory cost in managing their business on the daily activities. Thus, the solution that given is to improve the inventory control and cost efficiency. Implementation assessment can’t be carried out to support the results of the improvements because of the Covid-19 Pandemic that makes the MSME decided to close temporarily. This research is aimed to help Warteg ABC to improve the inventory control and cost efficiency.
Highlights
In recent times, there are significant increase in the number of MSMEs in Indonesia
This paper aims to offer a new perspective on how MSMEs in the food and beverages industry can have better competitive advantage with the appliance of good inventory control, in order to lower the fraud risk and inventory cost to lower price and gain more profit
The final result of this business coaching case study research is recorded information system in the Microsoft Excel form that will integrate the purchasing and selling activities of the inventory, so it will provide historical and actual data related to the balance of the inventory on the daily basis and to have better information related to operation cost about how much the Cost of Goods Sold (COGS) for the inventory sold to the customers
Summary
There are significant increase in the number of MSMEs in Indonesia. The total number of MSMEs in Indonesia increases 1.43% every year from 2010 to 2018. The increase of total number of MSMEs in Indonesia is the cumulative from many types of industry, and one of them is the food and beverages industry. The increasing number of total MSMEs in food and beverages industry in Indonesia year by year means that the competition to seize the market will be tighter. With this condition, every entrepreneur should be able to develop competitive advantage to maintain the customer and market well and develop their business to gain more profit. One of the ways to do this is that entrepreneur must be able to manage his business professionally with good inventory control to reduce fraud risk and have better inventory cost efficiency to lower the price and have better competitive advantage compare to the competitors
Sign-in/Register to view highlights & summary 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.
