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Understanding The Digital Readiness Level of Young Milennials in Bandung City
No full textThe digital era created a new gap in the middle of the economic process in the company. This gap makes the company is still confusing to manage the talent whether managing and developing the talent based on their skills or re-skilling to the digital skills. The main actor on this era is young millennials people who in 10-24 years old and ready to join in the workforce. By using a quantitative approach with questionnaire method and descriptive analysis, the researcher would be measuring the readiness level of young millennials. The researcher was limited the scope and do this research in Bandung City. The researcher also used a framework from DQ Institute as a main framework on this research which is Digital-Intelligence-Quotient. Using this research method and framework, the researcher has already defined that most of respondents have ready to face the digital era and mastered in the future workforce competency, it could be seen from the result isthe young millennials have high scores in every level which is around 70% - 86%. Meanwhile, there are still young millennials that has a low score. Therefore, the young millennials should create a right strategy to increase their future workforce competency and become an individual that wise, competent, and future-ready digital citizens who successfully use, control, and create technology to enhance humanity.Keyword: Digital Readiness, Future Workforce Competency, and Young Millennial
Front-Matter Jurnal Manajemen Teknologi Vol 20 No 1 2021
No full textFront-Matter Jurnal Manajemen Teknologi Vol 20 No 1 202
The Effect of Related Party Transactions on the Performance of Indonesian Listed Companies
Get PDFAbstract. The purpose of this paper is to analyze the impact of related party transactions (RPTs) on company performance using a panel data regression on 388 non-financial companies listed in Indonesia Stock Exchange during the 2015-2018 period. RPT variables used in this study are divided into several categories, namely transactions with related parties in the operational field (operational RPTs), financial field (financial RPTs), other fields (other RPTs), and total RPTs (sum of the three previous types). The study finds a significant negative relationship between financial RPTs and other RPTs on company performance. This finding is consistent with the precedent research that non-operational RPTs (i.e., financial RPTs and other RPTs) are commonly used by controlling shareholders as tunneling channels to expropriate minority shareholders. The results suggest policymakers to monitor more closely RPTs, particularly financial and other RPTs, that are more likely to be used as tunneling activities that are detrimental to firm performance. The results of this study are robust to various proxies of firm performance, providing additional empirical studies on RPTs in emerging countries with concentrated ownership structure, and shedding direct light on which type of RPTs that is mainly used as tunneling channel.Keywords: Efficient transaction hypothesis, firm performance, Indonesia, related party transactions, type II agency problemAbstrak. Tujuan dari makalah ini adalah untuk menganalisis pengaruh transaksi pihak berelasi (RPT) terhadap kinerja perusahaan dengan menggunakan regresi data panel pada 388 perusahaan nonkeuangan yang terdaftar di Bursa Efek Indonesia selama periode 2015-2018. Variabel RPT yang digunakan dalam penelitian ini dibagi menjadi beberapa kategori yaitu transaksi dengan pihak berelasi di bidang operasional (RPT operasional), bidang keuangan (RPT finansial), bidang lainnya (RPT lainnya), dan total RPT (penjumlahan dari ketiga jenis RPT yang disebutkan sebelumnya). Penelitian ini menemukan hubungan negatif yang signifikan antara RPT finansial dan RPT lainnya terhadap kinerja perusahaan. Temuan ini sejalan dengan penelitian sebelumnya bahwa RPT nonoperasional (RPT finansial dan RPT lainnya) biasanya digunakan oleh pemegang saham pengendali sebagai sarana untuk mengambil alih dari pemegang saham minoritas. Hasilnya menyarankan para pembuat kebijakan untuk melakukan pemantuan lebih terhadap RPT, terutama RPT finansial dan lainnya, yang lebih mungkin digunakan sebagai aktivitas tunneling yang merugikan kinerja perusahaan. Penelitian ini menunjukan hasil yang kuat untuk berbagai proksi kinerja perusahaan, sehingga memberikan studi empiris tambahan tentang RPT di negara-negara berkembang dengan struktur kepemilikan terkonsentrasi, dan menjelaskan langsung jenis RPT yang terutama digunakan sebagai saluran tunneling.Kata kunci: Efficient transaction hypothesis, Indonesia, masalah keagenan tipe II, performa perusahaan, transaksi pihak berelas
Factors Influencing Indonesian Dairy Farmers in Making Business Decisions
Get PDFAbstract. The development of the dairy industry in Indonesia is concentrated in Java and is dominated by the traditional farm with small-scale ownership, which is farmers do not get a big profit, farm management is very simple, farmers low level of education, and most farmers have dairy cattle that functioned as savings. This research was conducted to answer questions about how the behavior and decisions of farmers are influenced by interactions with other agents or factors; and how to encourage farmers to increase the cattle population and milk production so that farmers' income increases and have a sustainable business farm to develop the dairy industry in Bandung Regency. Agent-based modeling was conduction with the help of the SOARS program. In this research, dairy farmers are categorized into three clusters using cluster analysis, which is, the motivated, the survived, and the unsatisfied. Agent-based modeling is suitable for the complexities of this research which are the motivation, behavior, decision, and interactions of dairy farmers will be affecting the output of the dairy industry system as a whole; and to implement some policy scenarios. Keywords: Agent-based, dairy farmer, milk production, business decisions, behaviou
Study on the Impact of Urban Consolidation Center (UCC) Usage in Yogyakarta City's Main Grocery Retailers in Terms of Transportation Cost
Get PDFAbstract. The increase in urbanization has led to a rise in of the number of vehicles in the city and the frequency of goods delivery in urban environments. The concepts of city logistics have been developed and implemented to cope with those problems in the urban freight transport system. One cooperative freight transport scheme is the urban consolidation scheme. Urban consolidation centers (UCC) have been used by some cities over the last two decades to minimize unnecessary vehicle movement, congestion, and pollution. For a company that sells fast-moving consumer goods (FMCG), business prospects in supermarkets or groceries are currently still quite promising. Yogyakarta City ranks as the 6th most populous city in Indonesia, making it one of the largest cities in the country. Since there are many citizens and students from other towns across Indonesia, many modern retail businesses operate in Yogyakarta. If each of these businesses distribute their goods from their distribution centers (DCs) to their respective retailers, the number of freight transports will be substantial, and the congestion level will increase. This study examines the benefit of a collaboration strategy in which the top four retailers in Yogyakarta use a UCC. The advantage is expressed in total transportation cost. We developed three different scenarios that will be compared. In this research, the gravity location model is used to determine the location of the UCC, and the demand allocation model is used to determine the optimum of demand allocation from the UCC. This study reveals that using a collaborative strategy using a UCC can decrease the total transportation cost of the retailers.Keywords: City logistics, urban consolidation center, location problem, gravity location model, demand allocation modelAbstrak. Peningkatan urbanisasi telah menyebabkan peningkatan jumlah kendaraan di kota dan frekuensi pengiriman barang di lingkungan perkotaan. Konsep logistik kota telah dikembangkan dan diimplementasikan untuk mengatasi masalah-masalah dalam sistem transportasi barang perkotaan. Salah satu skema angkutan barang koperasi adalah skema konsolidasi perkotaan. Urban consolidation centers (UCC) telah digunakan oleh beberapa kota selama dua dekade terakhir untuk meminimalkan pergerakan kendaraan, kemacetan, dan polusi yang tidak perlu. Bagi perusahaan yang menjual fast moving consumer goods (FMCG), prospek bisnis di supermarket atau bahan makanan saat ini masih cukup menjanjikan. Kota Yogyakarta menempati urutan ke-6 kota terpadat di Indonesia, menjadikannya salah satu kota terbesar di negara ini. Karena ada banyak warga dan mahasiswa dari kota-kota lain di seluruh Indonesia, banyak bisnis ritel modern beroperasi di Yogyakarta. Jika masing-masing bisnis ini mendistribusikan barang-barang mereka dari distribution centers (DC) ke pengecer masing-masing, jumlah transportasi barang akan sangat besar, dan tingkat kemacetan akan meningkat. Studi ini meneliti manfaat dari strategi kolaborasi dimana empat pengecer teratas di Yogyakarta menggunakan UCC. Keuntungan tersebut dinyatakan dalam total biaya transportasi. Kami mengembangkan tiga skenario berbeda yang akan dibandingkan. Dalam penelitian ini, model lokasi gravitasi digunakan untuk menentukan lokasi UCC, dan model alokasi permintaan digunakan untuk menentukan alokasi permintaan yang optimal dari UCC. Studi ini mengungkapkan bahwa strategi kolaboratif menggunakan UCC dapat mengurangi total biaya transportasi pengecer.Kata kunci: Logistik kota, urban consolidation center, masalah lokasi, model lokasi gravitasi, model alokasi permintaa
Forecasting Method Analysis of Tin Ingots Company in Indonesia. Case Study: PT. Timah Tbk
No full textMineral mining is performed globally, and mineral demand is continually growing in accordance with human necessities. Especially for Tin, the global tin market to grow at a CAGR of 0.81% during the period 2017-2021. PT. TIMAH Tbk, a state-owned company, operates the official tin mine on Bangka and Belitung Islands. The number of tin ingots is produced based on the RKAP or the planning master for PT. Timah Tbk. This research aims to get the well-performing forecasting method to make the estimation of tin ingots sales.After analyzing the target and realization from 2009-2020, there several error between them with the specification MAD 7,291, MSD 123,983,550, and MAPE 18.1%. This error indicates that the target and realization have 18.1% different. In this research, there are several methods used to get the better forecasting method with lowest error. The methods conducted are based on (Nahmias & Olsen, 2015) time-series method analysis and causal method. The time-series analysis used are 4-Year Moving Average, Single Exponential Smoothing, Holt’s Model, and Winter’s Model. Furthermore, the causal method used are exercised by Support Vector Machine (SVM). The demand data used are based on sales of refined tins (tin ingots) from 2009-2020.The result shows that SVM method or causal method has become the forecasting method with lowest forecast error with detail MAD 3,084, MSD 29,360,790, and MAPE 8.9%. This forecasting method is performing well because the factors used that affect the demand of tin in Indonesia have theoretically passed the correlation test (Safitri, 2004).Keywords: Forecasting method analysis, tins company, PT. Timah Tbk
THE DETERMINANTS OF HOUSEHOLD FINANCIAL MANAGEMENT OF THE SHARE-TAXI DRIVER’S WIFE IN BANDUNG
No full textAbstract: Covid-19 pandemic has led the share-taxi industry into a precarious state. According to the previous studies, household financial management is one of the important factors to determine the economic welfare of a household finance condition. The objective of this research is to identify the determinants of household financial management of the share-taxi driver’s wife. The data of this research gathered from the questionnaire referred to (DEFINIT, SEADI and OJK, 2013) for basic financial literacy as well as Bank Indonesia (2013) for household financial management. The questionnaires are filled by 103 respondents and analyzed with multilinear regression. The result of this research showed that the basic financial literacy level of share-taxi driver's wife is still low and the household financial management of share-taxi driver's wife is categorized as medium. Moreover, monthly income and basic financial literacy has a positive and significant effect towards household financial management.Keywords: Covid-19 Pandemic, Household Financial Management, Basic Financial Literacy, Demographics Profile, Share-Taxi Driver’s Wife, Multilinear Regressio
Factors Affecting Purchase Intention in Indonesian Online Retailers
No full textOnline fashion retailers have an influential impact on the e-commerce portals as well as on fashion conscious consumers which have been very significant and shown tremendous results in the fashion retail industry. This research is going to investigate about how trust and website quality have a connection with the intention of online purchasing. Data was collected using a survey, involving 390 individuals. Multiple regression analysis was conducted to ascertain how trust and website quality influence customers' buying intentions when it comes to fashion e- commerce sites. According to the findings, trust and website quality were identified as the catalysts for a new wave of digital revolutions originating from e-commerce players such as Zalora and Pomelo to target generation groups in Indonesia, as these online retailers have surpassed the country's major economies. As a recommendation, potential studies in on fast fashion e-commerce should focus on the impact of moderating variables such as previous Internet and online shopping experience on purchasing intention.Keywords: online fashion, e-commerce, purchase intention, trust, website qualit
The Influence of Environmental Awareness on Purchase Intention in Buying Green FMCG Product
No full textEnvironmental conditions getting worse, but, FMCG industry in Indonesia, is contributing to environmental damage because the majority of plastic waste is produced by FMCG producers. Whereas most people are aware of environmental issues and value more for brands that care about the environment. In order to satisfy the consumers which impacts the brand or company sustainability, it is necessary to understand the consumer’s behavior through the consumer’s purchase intention. Therefore, this research aims to identify green FMCG consumer behavior and to identify the role of environmental awareness on consumer purchase intentions towards green FMCG products. This research uses a quantitative approach through an online questionnaire survey, analyzed using descriptive analysis and PLS-SEM. This research focuses on FMCG consumers who have environmental awareness, are interested in green products, and are domiciled in JABODETABEK or Bandung Raya. The result indicates that consumers get information from stores and social media, buy the products in the store, and snacks as their most frequently purchased product. The role of environmental awareness is to influences purchase intention indirectly through Attitudes, Subjective Norms, and Perceived Behavioral Control.Keywords: Environmental Awareness, Purchase Intention, Green Products, FMC
Analysis of channel integration quality on channel attributes towards customer purchase preference fore coffee Indonesia
No full textAbstract. Customer demand on purchase experience across all integrated channel has driven retailer industries, especially food and beverage retailers to make a technological advancement of channel integration through omnichannel retailing to remain competitive. Channel-service configuration, and channel integration quality is the main aspects regarding the customer engagement of the omnichannel strategy. However, development of omnichannel practice on the food and beverage retailing industries drives customer confusion to choose their channel preference regarding the purchase stage. Despite the new seamless customer experience given, omnichannel practice has a big cost to develop it. This research aimed to analyse the key driver regarding the channel attributes, and impact of customer experience towards customer channel purchase preference of Fore Coffee Indonesia by identifying the key drivers that affect the perceived quality, price, and convenience. The data of this research is obtained using an online questionnaire through 200 respondents and further be analysed using SEM-PLS. This research findings based on the data analysis shows that channel attributes and channel experience have a positive relationship towards channel purchase preference. Channel experience has the highest impact influencing customer purchase preference on the omnichannel platform. This research findings are expected to provide a broader perspective to food and beverage retail industry that managed to make a technological advancement of omnichannel strategy, where channel attributes and channel experience should be considered to gain improvement for the company. Whereas, content consistency, process consistency, and breadth of channel-service choice also need to be maintained to achieve a consistent channel attributes among all available channel.Keywords: Omnichannel; Channel Choice Preferences; Integration Quality; Channel-service Configuration; Channel Experience; Channel Attribute