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Journal : Dinasti International Journal of Economics, Finance

Risk Management of Goods and Services Procurement at PT XYZ Andika, Ridho Erfan; Priyarsono, D. S; Jahroh, Siti
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 5 (2024): Dinasti International Journal of Economics, Finance & Accounting (November - De
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i5.3573

Abstract

PT. XYZ is a foreign investment company engaged in the manufacturing industry of building materials. The products produced by PT. XYZ are concrete wall bricks that adhere to Japanese Industrial Standards (JIS), and have also received SNI product testing certification. In its business processes, PT. XYZ requires supplies of goods and services. The procurement implementation at PT. XYZ applies a “procurement by user” model. Risks may occur in this process, such as a lack of transparency in the supplier selection process, procurement cost constraints, and insufficient professionalism in the receipt of goods or services. ISO 31000 can serve as a guideline for implementing risk management, and the method used in this research is the House of Risk (HOR). HOR Phase 1 will produce an output in the form of Aggregate Risk Potential (ARP), which determines the priority of risk agents that will undergo further action, along with an analysis using a Pareto diagram. Followed by HOR Phase 2, which will produce outputs in the form of the difficulty level of mitigation processes (Dk) and Total Effectiveness of Difficulty Level (ETDk), determining the effectiveness ratio of each mitigation action. In this research, 18 risk events and 17 risk agents were identified, with 2 priority risk agents that will receive mitigation actions. Through HOR Phase 2, five recommendations for mitigation actions were obtained, with the top-ranking recommendation being the establishment of Standard Operating Procedures (SOP) for the procurement process
Analysis of Risk Management Implementation in A Holding Company: Infrastructure, Resources, and Risk Management Governance Hasan, Hasbiyallah; Priyarsono, Dominicus Savio; Ramadyanto, Widodo
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 4 (2024): Dinasti International Journal of Economics, Finance & Accounting (September - O
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i4.3148

Abstract

X is a state-owned enterprise operating as a holding company across various industries. In 2022, X's total consolidated assets reached Rp 49.1 trillion, encompassing financial services, industrial estates, construction, water management, media, and technology. The expansion into a conglomerate brings challenges and uncertainties, necessitating a systematic risk management process, as accommodated by the regulations in Minister of SOE Regulation Number 2 of 2023 on Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises. This research focuses on analyzing the alignment and identifying gaps in X's risk management practices based on this regulation, as well as proposing steps to enhance risk management effectiveness in X to face business challenges. The study employs a triangulation approach through document observation, interviews, and literature review. The findings reveal several gaps in the implementation of risk management at X, highlighting areas for improvement, including three lines of defense implementation, enhancing a risk-aware culture, ensuring the independence of the risk management function in its subsidiaries, involving and evaluating the roles of the board of commissioners and the director of risk management, and optimizing the integration process of risk management with its subsidiaries, both in policy and practice
Co-Authors ., Harianto A. Yulian AA Sudharmawan, AA Abd. Rasyid Syamsuri Adi Hadianto, Adi Adi Lumaksono Adler Haymans Manurung Ahmad, Fahmi Salam Akhmad Fauzi Akhmad Fauzi Alfi Nur Lailiyah Alla Asmara Amzul Rifin Andika, Ridho Erfan Annisa Utami Seminar Arief Daryanto Arief Muhammad Sigit Artha Graciela Pandiangan Arya Hadi Dharmawan Asshanti, Fathia Fauziah Asti Asti Bayu Agung Prasetyo Beta Septi Iryani Bonar M Sinaga, Bonar M Budi Asih Bunasor Sanim Bustanul Arifin Charles R. Vorst Desyandri Desyandri Devi Nurmalasari Diah Ananta Dewi Dian Anggraeny Rahim Diyah Nugraheni Eka Dewi Satriana Ely Elprida Sigiro Erliza Noor Ernan Rustiadi Ernawati Pasaribu Ervin Nora Susanti Ervin Nora Susanti Esra Frandika Barus Esra Frandika Karo-Karo Gea Alzera Kosanda Gebby Aldhepis Gerhana Gerhana, Gerhana Geri Suryadi HANUM, F. Happy Febrina Hariyani Harianto Harianto Hartoyo Hartoyo Hasan, Hasbiyallah Heri Supriyadi Hermanto Siregar Hermanto Siregar Heru Kustanto Hutagaol, Manuntun Paruliah Ilham, Nyak Iryani, Beta S. Kuntjoro . Kustanto, Heru Lailiyah, Alfi Nur Laily Dwi Arsyianti LESMANA, D. C. Linda Karlina Sari Mafiana, Bekti Dwisepti MANGARA TAMBUNAN Martua Eliakim Tambunan Maudytia Rismalasari Prabowo Miryam B Lilian Wijaya Mochammad Imron Awalludin Mohammad Saedy Romli Muhammad Fauzan Fadhlani Nandha Rizki Awalia Neli Agustina Nia Permatasari Nor Qomariyah Pasaribu, Andri Ronaldo Pitri Yandri Prabowo, Maudytia Rismalasari Probokawuryan, Mutiara Raden Racmadi Gustrian Rahim, Dian Anggraeny Raiyatu Imadidin Ramadyanto , Widodo Ramadyanto, Widodo Rastanura, Yudha Rina Oktaviani Rina Oktaviani Rindayati, W. Rusman Heriawan Rustam Abd. Rauf Shabrina Agustin Ghassani Siahaan, Henry MP Sigit, Arief Muhammad Siti Jahroh Sri Hartoyo Sri Hartoyo Sri Hartoyo Sri Mulatsih Suharno Suharto Sulistyowati, Niken Tahlim Sudaryanto, Tahlim Tampubolon, Bahroin Idris Tanti Novianti Titi Kanti Lestari Tony Irawan Triana Rachmaningsih Trias Andati Trias Andati Ujang Sehabudin, Ujang Wahyudi, Wenny Widya Widyastutik Winardi Winardi Winardi Winardi Winardi, Winardi Wiwiek Rindayanti Wiwiek Rindayati Y. Munawar Yuliana Susanti Yusman Syaukat Yusman Syaukat Yusuf Munawar