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All Journal Journal of Engineering and Management in Industrial System Asia-Pacific Management and Business Application Jurnal Pertahanan : Media Informasi tentang Kajian dan Strategi Pertahanan yang Mengedepankan Identity, Nasionalism dan Integrity International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Jurnal Riset Akuntansi dan Keuangan Jurnal Transportasi Multimoda
Gatot Yudoko
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences Transportation Other

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BUSINESS PROCESS RE-ENGINEERING THROUGH 3 HARD Ss McKINSEY FRAMEWORK AS WORKING CAPITAL MANAGEMENT IMPROVEMENT PROPOSAL (CASE STUDY: PT. XYZ – 2020/2021) Wibisono Adhi Prasetyo; Gatot Yudoko
Jurnal Pertahanan: Media Informasi ttg Kajian & Strategi Pertahanan yang Mengedepankan Identity, Nasionalism & Integrity Vol 7, No 1 (2021)
Publisher : The Republic of Indonesia Defense University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33172/jp.v7i1.1144

Abstract

Due to the negative operating cash flow, working capital's unsatisfactory performance indicates that internal business processes exist. Meanwhile, the COVID-19 pandemic urges the management to be wiser in making decisions, primarily to support better working capital management. They cannot rely forever on its aggressive capital structure. Accordingly, the management committed to carrying out operation improvement related to working capital management. This decision is the background of this research to identify and analyze the root cause problems and improvement plan issues. Further investigations regarding the business issue are conducted, and business process re-engineering through the 3 hard Ss framework is selected as the research design. These frameworks are approached due to their capability to map the thorough process and link them to one another. These combination improvement ideas over the ineffective and inefficient activities could be blended while organized to be aligned with the organizational directions. This research is conducted through a semi-structured interview to explore the company conditions and uses secondary data to gather the information and strengthen the evidence. At least 14 ineffective and inefficient activities were then carried out a root-cause analysis to determine the source of the problem that had to be eliminated. Based on these findings, four management improvements are suggested: Production management, Receivable Management, Payable management, and Cash flow control and monitoring translated into action plan strategies, procedures, and tools which are equipped structurally and systems.
Co-Authors Agung Prayudha Hidayat Alvy Auliany Myala Arya Nugraha Asana Kusnadi Irham Ahmadirizka pradono pradon Shafira Amanda Umar Wibisono Adhi Prasetyo