Dinasti International Journal of Economics, Finance & Accounting (DIJEFA)
Vol. 4 No. 2 (2023): Dinasti International Journal of Economics, Finance & Accounting (May - June 20

Partial Productivity Analysis of Production Divisions By Omax Method

Setyadi, Antonius (Unknown)



Article Info

Publish Date
16 May 2023

Abstract

This study aimed to analyze the production department’s partial productivity measurement using the Objective Matrix (OMAX) method at PT. GMK. The OMAX method's key performance indicators (KPIs) affecting the productivity index must be defined and weighted for each criterion using the Analytical Hierarchy Process (AHP). The study was conducted in the production division of PT. GMK, which produces compound chocolate. The results showed that the productivity of was affected by the partial productivity of raw materials and labor and the electric power’s effectiveness. Other factors were the minimization of overtime working hours, labor costs, downtime, as well as defective and semi-finished products. Moreover, this study determined the standard performance in the second semester of 2021. It also conducted a causal analysis using a fishbone diagram to find the cause of employees’ low productivity. The analysis showed that the average productivity index increased between January and August 2022.

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Journal Info

Abbrev

DIJEFA

Publisher

Subject

Economics, Econometrics & Finance

Description

The author is invited to submit a paper for Dinasti International Journal of Economics, Finance & Accounting (DIJEFA). Topics related to this journal include but are not limited to: Accounting and financial reporting Audit Accounting management Taxation Corporate finance Personal finance Financial ...