The Indonesian Journal of Business Administration
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Proposal of the Development of a New Invoice Administration on Accounting System at PT Freeport Indonesia
No full textAbstract. This Final Project is concerning about the problem occurred in the Tax and Accounting Department of PT Freeport Indonesia. In tax department one of the biggest cost incurred coming from tax audit result, one caused by wrong deduction in withholding tax transactions. This problem occurred because the system that currently available is still relying on manual recording and processing. The objective of the final project is to provide a new alternative of invoice administration system to be proposed to the management. From the research, the writer concludes there are three process can be improved to be computerized basis, as follows: input data process from manual input to automatic input by using Optical Character Recognition, Withholding Tax deduction checking process from manual checking to Web checking process and document archiving process from manual archive to barcode archiving process. By implementing this final project, the Company will potentially save USD 128.000 per year from miscalculation and around USD 21.000 per year from the time consume efficiency. Furthermore, the availability of supported technology, and the ability of the company to fund this project also become factor to be considered by the company to implement this project. Keyword : Invoice Administration, Tax Review Proses, Decision Making Abstract. This Final Project is concerning about the problem occurred in the Tax and Accounting Department of PT Freeport Indonesia. In tax department one of the biggest cost incurred coming from tax audit result, one caused by wrong deduction in withholding tax transactions. This problem occurred because the system that currently available is still relying on manual recording and processing. The objective of the final project is to provide a new alternative of invoice administration system to be proposed to the management. From the research, the writer concludes there are three process can be improved to be computerized basis, as follows: input data process from manual input to automatic input by using Optical Character Recognition, Withholding Tax deduction checking process from manual checking to Web checking process and document archiving process from manual archive to barcode archiving process.By implementing this final project, the Company will potentially save USD 128.000 per year from miscalculation and around USD 21.000 per year from the time consume efficiency. Furthermore, the availability of supported technology, and the ability of the company to fund this project also become factor to be considered by the company to implement this project. Keyword : Invoice Administration, Tax Review Proses, Decision Makin
Formulating new e-commerce related finance business in indonesian market
No full textAbstract - PT Sinar Mitra Sepadan Finance (the Company hereinafter) is one of JV multifinance company between local Indonesian company and a Japanese multinational company. The company has strong background on IT and is currently pursuing next profit generator. After applying analytical framework of Porter's five forces, BCG matrix and the innovation ambition matrix, the existing businesses of Company is not likely to have prosperous future in the long run. Comparing the rate of growth between existing car finance market and e-commerce market, the Company is suggested to enter into e-commerce finance. In order to create new business in e-commerce market, there are three points to be examined. The first point is how to build up this eco system. The author propose that the Company should have business partnership with payment gateway providers (PGPs) as PGPs have a wide range of connection with e-commerce sites and amount of data. Furthermore, PGPs have a skill of fraud detection. The second point is how to secure the healthiness of receivable of the company. From this perspective, implementation of concept of fintech, utilization of social media for credit approval process, and participation to new credit bureau are suggested. The last point to be examined is how to set up product features in order to generate profit. Based on the nature of e-commerce, small-size, short-term, no collateral finance is considered. Revenue structure of the product is also different from conventional used car finance. There is no charge over customer in e-commerce finance unless becoming overdue. Fee charge over e-commerce sites is the source of income, which is as similar as credit card business. In conclusion, the Company could create new business model in white space of e-commerce with higher growth rate. To enjoy the first mover advantage, its is suggested to start its business implementation which will take approximately 6 months based on the plan by the author. Key words: e-commerce, fintech, multifinanc
Proposed scenario planning for Indonesia multinational pharmaceutical company in jaminan kesehatan nasional (jkn) era
No full textJaminan Kesehatan Nasional is one of the government's flagship programs to provide health services for all residents in Indonesia since 2014. The multinational pharmaceutical companies become one of the actors in supporting the successful of the program by providing innovative medicines. After the implementation, the government suffered losses in financing. The objective of this study is to propose a better strategy for pharmaceutical companies in Indonesia in support of the government's national health program. The discussion on this issue will be analyzed from an external point of view by using PESTEL (Political, Economic, Social, Technological, Environment, Legal) and from an Industry perspective using Porter's 5 Forces Analysis. In further analysis for internal use Resources based view, value chain analysis and SWOT analysis. The research method is qualitative by collecting data through interview and data observation. Scenario planning as a tool for drafting the strategy of multinational pharmaceutical companies within the next five years. In the formulation of a strategy, it is necessary to identify several factors which influence the issues thus lead to the two important uncertainties. The analysis then proceeded to create four scenarios followed by narratives. Furthermore, the implementation plan developed for each scenario. Keywords: scenario planning, multinational pharmaceutical company, innovative drugs, uncertainty, strateg
Designing Knowledge Based Performance Management System (KBPMS) in Coffindo Bandung Branch
No full textAbstract- Coffindo is known as one of coffee company in Indonesia and has been established since 1999. The company has grown into a national export and trading company and has 9 sales offices in Medan, Jakarta, Surabaya, Pekanbaru, Bali, Bandung, Balikpapan, Singapore and United State of America. On Coffindo Bandung branch, the business sector focused on supply company product to market trade, hotel restaurant cafe (horeca) and coffee shop. The current competitive conditions occur very quickly. The company is expected to improve the performance of external and internal in order to realize the vision. The critical issue is because the company does not have a performance management system. This study was conducted to design performance management system in the Coffindo Bandung branch. Proposed the Knowledge-Based Performance Management System (KBPMS) as the framework considers that KBPMS allows measure performance in integrated ways. The method of collecting data uses interview and distribute questionnaires to the manager and employees of the company. To determine the indicator linkage was used Analytical Hierarchy Process (AHP). KBPMS has three perspectives include business result, internal process and resource capability perspective. In this study business result perspective includes finance aspect of 3 measurement indicators and financial aspect of 3 measurement indicators. Internal process perspective includes innovation aspect of 2 measurement indicators, operation aspect of 3 measurement indicators and marketing aspect of 3 measurement indicators. Resource capability perspective have 4 measurement indicators include human resource, technology resource and organizational resource. The finding of linkage using AHP shows that finance is more important than non financial and sales growth affected it. For internal process the value of priority vector average for innovation is higher than the operation and marketing, and the product innovation indicators affected it. Human resource is the important indicators for resource capability. Benchmark describe that Coffindo lag behind in support and market share in the segment of Horeca. Finally, this designing performance management system needs to be implemented and the implementation plan consists of measurement, evaluation, diagnosis and follow up.  Keywords: Coffindo, Knowledge-based performance management system (KBPMS), analytical hierarchy process (AHP), Benchmar
Risk Based in Lieu of Time Based Inspection to Improve Cost Effectiveness for Offsahore Platform in Indonesia Oil and Gas Industry
No full textAbstract- This paper addresses to provides an overview of offshore platform inspections in Indonesia that were previously using time-based to be replaced with risk-based inspections. By Indonesian regulation every platform should be inspected at a time based inspection interval. There are three levels of inspection that were determined by the Indonesian authority, namely minor, major, and complete inspections. Before the risk based method was implemented, the scope and the interval of these inspections were determined by the Indonesian authority by using a time-based approach, with a cycle of 1-year, 2-year, and 4-year for the minor, major, and complete inspection respectively. As underwater inspections are very costly, the risk based underwater inspection (RBUI) analysis is performed to obtain the most efficiency way of carrying out the inspections. Risk based inspection use a mix of qualitative and quantitative analyses. A qualitative analysis is used in the consequences of failure (CoF) factor calculation, and a quantitative analysis is used in the probability of failure (PoF) calculation both of them are used to determine the risk of the platform. The decision making strategy are based on the comparison between time based inspection and risk based inspection from the cost of inspection point of views. The net present value was used to compare between time based inspection cost and risk based underwater inspection cost. Based on the analysis, the cost reduction for a platform on average would reduce by half of the amount projected cost of inspection by implementing the risk based underwater inspection. SWOT analysis and SWOT matrix are used to determine what strategic needs to be done by Indonesian government in implementing risk based inspection to any offshore platform in Indonesia. One of the things that need to be done is to make a regulation as the legal basis for implementing the risk based underwater inspection in Indonesia.Keywords: offshore platform, time based inspection, risk based inspection, net present value, SWOT analysis
Marketing Strategy for Bank BJB to Increase Fee Base Income Mobile
No full textTechnological development and information are unavoidable, its usefulness. Many companies the world attempts to change itself into power generators (powerhouse) global business through various investment radicals in e-business, e-commerce, and effort information technology (IT) other incredibly global. So there is a need clear managers, business and practitioner business to understand how to manage a functional organization that this important
Proposed marketing strategy for pt. Eka nusa kreasindo to boost sales
No full textAbstract - PT. Eka Nusa Kreasindo is a company engaged in the field of house developer and contractors headquartered in South Jakarta. The focus of the discussion on this journal is Villa Aster Residence. Villa Aster Residence is a housing project with a land area of 27.228m2 which consists of 186 units of houses and 6 units of kiosk. Sales of property, especially housing, experienced a phase of up and down. PT. Eka Nusa Kreasindo is currently experiencing a decline in sales in the period of July 2017 to February 2018. The decline in sales can be caused by many things; from the sluggish purchasing power to the spread of information on online media and offline media that less than the maximum. Dealing with problems faced by PT. Eka Nusa Kreasindo, the authors perform in-depth analysis using Porter 5 Forces and Customer Journey Analysis as a form of external analysis and Business Model Canvas and SWOT as a form of internal analysis. Based on the results of the analysis, the author then creates a new marketing strategy proposal that involves analysis of Porter Generic Strategies and conclude that the company is better focused on low cost strategy. Customer Journey Map analysis results in the company should make a new marketing strategy and corporate strategy which focused on consumers. At last, on Business Canvas Model analysis, the company should make an adjustment by doing integration in marketing activities both on cost plans and implementation of marketing activities.Keyword: business strategy, real estate business, customer journey ma
New Product Development Strategy of a Risky Early-Researched Product, Case Study : NPD Strategy Decision of Stem Cell-Related Products in BFM
No full textAbstract. Using the case study of product development of stem cell in Indonesia, This paper will explain how to design New Product Development Strategy Framework to support decision-making activity of a challenging new product development in pharmaceutical business, considering its prospect on the market, market needs, technical requirements, risks, and also build a estimation plan of the project timeline to complete the project, as a project proposal to the management. The research provides new product development attributes measurement tools design which can be applied by pharmaceutical company, which could help the company to decide which product is the best options and fulfill its top management’s expectations. The tools used are corporate strategy alignment scorecard, company’s requirement concept selection and testing, and concept assessment based on company’s technical preferences. Based on the research, the chosen stem-cell related product concept which fulfill requirements and criteria of BFM is Conditioned Medium. Keywords : New Product Development Method, Decision Making, Stem Cell DevelopmentÂ
Enhancing the productivity of sales visit in b2b context and the company business process: a study at pt ala, distributor of fmcg product
No full textAbstract - Product distribution is an essential part for any FMCG products as it’s a doorway that connect the products with their consumer. The problems arise during the research is that the sales productivity aren’t maximize and the business process is not efficient, resulting in lower number of effective call (EC) for wholesale compare to retail. The wider the distribution of a certain product, the easier it is for the consumer to access that said product. Nowadays, products are distributed into two markets; modern and traditional. The modern market consisted of hypermarket, supermarket and minimarket while the traditional market consist of retail and wholesale. This research used both quantitative and qualitative method. The quantitative method is through the analysis of salesman visit data during the month of August 2018 at the Leteng Agung Depot. While the qualitative is obtained through observation during the process of joint call and in the form of questionnaires and interview about their satisfaction towards the services provided by PT ALA. The macro-environment analysis is done by using PESTLE analysis, where the Politic, Economic, Social, Technological, Law and Environment factors were analyzed. Afterwards, the attractiveness of the industry is identified through Porter’s Five Forces where it looks how powerful are the customer and supplier bargaining power, the threat of substitute and new entrants into the industry and lastly the existing competitor. The proposed solution to the problem is to implement an application based system for the customer that have the functions of online order, delivery tracking, invoice, product return request and chat with salesman. The system will improve salesman productivity and improve business process efficiency. Keywords: B2B, distribution, development strategy, Online order, Porter’s Five Force
It infrastructure transformation model prioritization and selection at pt telkomsel using analytic hierarchy process (ahp)
No full textAbstract - PT Telekomunikasi Selular (Telkomsel) is the largest telecommunication operator in Indonesia and gets ranked 7th in the world in which its customers are 196.3 million and reaches 100% of all regions in Indonesia. In the telecommunication industry, the last few years are difficult times for all telecommunication operators since technology and customer’s behaviour have changed. The business of telecommunication company has shifted away from SMS and voice services to data service. Telkomsel is aware that the transformation from all lines must be performed to follow the change, from traditional telecommunication company to the digital business-oriented company. IT Infrastructure Management division as one of the units in the organization of Telkomsel attempts to articulate the grand design of digital transformation in a plan of IT Infrastructure transformation model to adjust to the need of digital business. This research aims to plan the decision-making model in selecting a proper IT Infrastructure transformation model for IT Infrastructure Management division. This research used the Analytical Hierarchy Process (AHP) method in which a problem is compiled in a systematic hierarchy. Data were taken with qualitative and quantitative methods through interview and questionnaire. As the output from a series of AHP processes conducted in this research, it can be concluded that this AHP method is highly effective to be used for supporting decision-making process in selecting a proper transformation model to answer the readiness of IT Infrastructure Management in supporting the need of business in the digital world.Keywords: multi-criteria decision making, Analytical Hierarchy Process, IT Infrastructure, Telecommunication, Model Transformation