Skip to main navigation Skip to search Skip to main content

Analysis of grouping ABC - VED and predicting the number of requests

Research output: Contribution to journalConference articlepeer-review

Abstract

Market competition is required for company to optimize the management, which are appropriate, effective and efficient, since it is used for a company to satisfy a demand. ABC analysis is used for sorting some items which is dominating in sales based on investment value. Meanwhile, VED analysis aims to classify commodity based on the level of importance of store owner's sales. The result of classification using ABC - VED analysis is a matrix that differentiates into three categories, namely category I is composed of AV, AE, AD, BV and CV; category II consists of BE, CE, and BD; and the third category consists of CD. The results of the ABC-VED analysis are then predicted the number of requests for commodity with the Double Exponential Smoothing method from Brown. This forecasting method is used when the data indicate a trend. Trend is a smoothed estimate of average growth at the end of each period. Forecasting results are expected to help plan inventory for the coming year at TB. Bina Usaha Temanggung Indonesia to prioritize sales.

Original languageEnglish
Article number012013
JournalJournal of Physics: Conference Series
Volume1562
Issue number1
DOIs
Publication statusPublished - 24 Jun 2020
Externally publishedYes
Event15th International Symposium on Geometric Function Theory and Applications, GFTA 2019 - Malang, Indonesia
Duration: 4 Nov 20195 Nov 2019

Fingerprint

Dive into the research topics of 'Analysis of grouping ABC - VED and predicting the number of requests'. Together they form a unique fingerprint.

Cite this