Analysis of Material Requirement Planning (MRP) Implementation on The Company

Chairul Furqon, Mokh. Adib Sultan, Rifqi Jalu Pramudita

2017

Abstract

Inventory management has a strategic position in the company. As the one of the most expensive assets of many companies, inventory representing almost 50% of total invested capital. Therefore, this study aimed to analyse inventory management, especially Material Requirement Planning (MRP) implementation on the company. MRP system with lot sizing techniques such as Lot for Lot (LFL), Economic Order Quantity (EOQ), and Periodic Order Quantity (POQ) are implemented to decide when and how many materials are needed based on the cost that company will pay. The research use descriptive comparative methods. Most of the data analysed are about; product’s specification, number of orders in one year period, lead time, setup cost, holding cost, and so on. The overall result shows that MRP analysis with POQ technique is the best method’s with minimum cost of all materials.

Paper Citation

in Harvard Style

Furqon C., Sultan M. and Pramudita R. (2017). Analysis of Material Requirement Planning (MRP) Implementation on The Company.In Proceedings of the 2nd International Conference on Economic Education and Entrepreneurship - Volume 1: ICEEE, ISBN 978-989-758-308-7, pages 140-145. DOI: 10.5220/0006882001400145

in Bibtex Style

@conference{iceee17,
author={Chairul Furqon and Mokh. Adib Sultan and Rifqi Jalu Pramudita},
title={Analysis of Material Requirement Planning (MRP) Implementation on The Company},
booktitle={Proceedings of the 2nd International Conference on Economic Education and Entrepreneurship - Volume 1: ICEEE,},
year={2017},
pages={140-145},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006882001400145},
isbn={978-989-758-308-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Economic Education and Entrepreneurship - Volume 1: ICEEE,
TI - Analysis of Material Requirement Planning (MRP) Implementation on The Company
SN - 978-989-758-308-7
AU - Furqon C.
AU - Sultan M.
AU - Pramudita R.
PY - 2017
SP - 140
EP - 145
DO - 10.5220/0006882001400145