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Register MS Event
Day, Date: Tuesday, 12 December 2023
Time: 09:00 – 13:00 AM (Including lunchtime)
Fee: Free of charge
Location: Hotel Mulia Senayan, Jakarta
Cost and Stock Efficiency in Sustained Increase Inflation
Supply Chain Modernization - Project Reboot: Join the Revolution
Samuel Sianturi (SCM Manager, PT NTT Data Indonesia - Qunie Consulting Divison)
Yusni Wijoyo (Business Expert Solution, PT Wahana Ciptasinatria - WCS)
Since 2020 until now, inflation in Indonesia has increasing trend starting at 1.44 % in October 2022 to 3.52 % in October 2023 (Based on bps data) caused by Food and Drink, Transportation, and Foreign Inflation. This inflation impacts all purchasing power of consumer goods in the Indonesian market. As a result, manufacturing companies should balance their inventory and order time processes to get the optimum total cost for their cost structure. To manage the equilibrium between balance stock and carrying cost, one of the best solutions is to apply the Economic Order Quantity (EOQ) method given such a demand volume situation. The EOQ for inventory management is the optimum amount of total cost in balancing demand and inventory cost.
This seminar will describe in detail EOQ inventory management techniques to gain optimal inventory level given by uncertainty of demand volume by finding optimal order quantity, optimal replenishment time, and optimal total relevant cost. As a result manufacturing company will have total Cost and Stock Efficiency in Sustained Increase Inflation with solutions using Artificial Intelligence (AI) Machine Learning and Cloud Data Computing for::
Inventory Management with EOQ Method
Warehouse Management System
Transportation Management System
Vendor Management System
Impact of uncertain demand to inflation
Understand cost impact due to not optimum order quantity
How to make cost efficiency in operation activity
Benefits of Seminars:
By implementing these solutions, the manufacturing company can gain:
Inventory optimization: Optimize inventory levels to reduce carrying costs while ensuring product availability.
Reduce operating cost: Optimize Labor Productivity, Optimize transportation routes, and Minimize Downtime through fostering collaboration and communication with suppliers.
We will collaborate with WCS as a system implementer in Inventory Management, Warehouse Management, Transportation Management, and Procurement Management that will present its solution to improve Supply Chain and Logistic operation.
Exclusive event and limited seat
*Event for C-Level (CEO, CSO, CTO, CFO), Production, Procurement Manager, IT Manager, IT/ICT Head
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