Optimizing Inventory Management Using ABC, XYZ, VED Classification Analysis and the ABC-XYZ-VED Combination at PTX

Abstract ―​

Inventory usually refers to the stock of goods or sources of power used by a company. Temporary, term management refers to control and practices for monitoring level inventory, when to replenish and stock, and what products should be ordered. This is possible for guard volume production still tall while minimizing cost. Researchers conducted inventory management analysis research using the ABC, XYZ, VED classification methods and a combination of these three models at PT The results of the research are that the ABC classification in the form of asset values for the incoming raw materials group is A 69%, B 22%, and C 9%. In the XYZ classification, the variability in demand for raw materials is obtained as follows: Class The VED classification obtained is Class V (Vital) with 10 products, E (Essential) 9 products, D (Desirable) 4 products. Analysis of the ABC-VED-XYZ combination sharpens control of the needs of each raw material to support inventory optimization. The results of the analysis can differentiate raw materials with large and small asset values, routine and sporadic needs, and very important and not very important products, meaning that one product has 3 criteria for inventory control.