Development of Forecasting Model with Simple Smoothing and Inventory Model with DDMRP in Veterinary Medicine Industry

Hana Marita Iki, Dendi Ishak

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)

Abstract

It is hard to determine the trend and the season for Veterinary Medicine, so the usual type of Forecasting Method that the industry used still has low accuracy. Because of the low forecasting accuracy, the inventory number will be high, and then there is a high chance of a longer lead time. To improve forecasting accuracy, the author aimed to find the suitable model for increasing the forecasting accuracy used in Veterinary Industry and the suitable inventory model to decrease the inventory number. The study uses Simple Exponential Smoothing as a forecasting model and DDMRP (Demand Driven Material Requirement Planning) as the Inventory model. The author uses Simple Exponential Smoothing because the trend and seasons in Veterinary Medicine are still unknown. The author uses DDMRP as the Inventory Model because the safety stock can be adjusted according to the market's medicine demand.

Original languageEnglish
Title of host publicationProceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering
Subtitle of host publicationBuilding Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
PublisherAssociation for Computing Machinery
Pages603-610
Number of pages8
ISBN (Electronic)9781450390385
DOIs
Publication statusPublished - 25 May 2021
Event4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021 - Depok, Indonesia
Duration: 25 May 2021 → …

Publication series

NameACM International Conference Proceeding Series

Conference

Conference4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
Country/TerritoryIndonesia
CityDepok
Period25/05/21 → …

Keywords

  • DDMRP
  • Simple Exponential Smoothing
  • Veterinary Medicine

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