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All Journal Jurnal Ilmu Manajemen Profitability INVOICE : JURNAL ILMU AKUNTANSI Journal of Indonesian Scholars for Social Research Masterpiece Journal Society Service Insight
Hasrul Wijaya
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Agriculture, Biological Sciences & Forestry Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Journal : masterpiece journal society service insight

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Working Capital Efficiency Assistance for Food and Beverage Vendors Muh. Ramli; Arianto Dangkeng; Hasrul Wijaya; Nengsi Sudirman; Afrianto; Andini
Masterpiece Vol. 1 No. 2 (2025): August 2025
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/dm86rz80

Abstract

This community engagement program aims to enhance the efficiency of working capital management among food and beverage vendors operating around Lapangan Pancasila Palopo. Efficient working capital management is essential for maintaining business continuity, sustaining daily operations, and improving profitability, especially for micro and small enterprises with limited financial resources. The program focused on three key components of working capital: inventory control, cash flow optimization, and the management of accounts receivable and payable. Through socialization activities, mentoring, and the establishment of a task force, participants were introduced to practical approaches such as the First In, First Out (FIFO) method, Just in Time (JIT) purchasing, negotiation strategies with suppliers, and the adoption of basic financial technology tools, including point-of-sale systems and simple accounting applications. The results demonstrate an increased understanding among vendors regarding cost efficiency, inventory planning, and the importance of disciplined financial recording. Vendors also reported improvements in cash flow stability, reduced operational waste, and better allocation of resources for both short-term and long-term needs. Furthermore, the program strengthened their ability to maintain product quality and price competitiveness, ultimately enhancing business sustainability. Overall, this activity provided significant benefits by equipping vendors with practical skills and strategies to manage working capital more effectively and to improve their resilience in a highly competitive market.
Assistance in Production Cost Management for Weavers Muh. Ramli; Arianto Dangkeng; Hardianti Pertiwi; Hasrul Wijaya
Masterpiece Vol. 1 No. 2 (2025): August 2025
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/edt0fj52

Abstract

This community engagement program aims to enhance the financial management capabilities of weaving artisans in Kampung Tenun Rongkong, Luwu Utara, by strengthening their understanding and application of production cost management. Traditional weavers generally rely on intuitive methods when determining production expenses and pricing, which results in inaccurate cost estimates, inconsistent pricing strategies, and limited financial sustainability. To address this gap, a participatory and problem-based approach was implemented through several stages, including preliminary assessment, training workshops, hands-on mentoring, and evaluation. The program introduced key concepts related to cost classification, cost of goods manufactured (COGM), cost of goods sold (COGS), budgeting techniques, and simple financial record-keeping tailored to small-scale weaving enterprises. The results indicate significant improvements in artisans’ knowledge of production cost components, accuracy in cost calculation, and their ability to record daily expenditures using structured worksheets. Participants also demonstrated increased awareness of overhead costs and adopted more rational pricing strategies based on actual cost data. Mentoring activities further facilitated behavioral changes, particularly in tracking expenses and exploring more efficient raw material procurement options. Despite these positive outcomes, challenges related to varying literacy levels and limited digital readiness remain. The program highlights the importance of continuous assistance and the integration of broader capacity-building topics, such as digital marketing and market access, to ensure long-term sustainability for traditional weaving communities.
Co-Authors Abdul Azis Afrianto Andi Aswani Andini Arianto Dangkeng Hardianti Pertiwi Muh. Ramli Nengsi Sudirman Rifqiansyah Ruki Ambar Arum Rusli Safri Tahir