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INDONESIA
The Indonesian Journal of Business Administration
Published by Institut Teknologi Bandung
ISSN : -     EISSN : -     DOI : -
Core Subject : Science,
Decision Sciences, Operations Research & Management
The Indonesia Journal of Business Administration(IJBA) is a business journal that bridges the gap between business research and practice, evaluating and reporting on new research to help readers identify and understand significant trends in their fields. The IJBA seeks to publish papers relating to business, broadly defined. It publishes articles that address both theoretical and practical issues in the broad areas of Business Strategy and Marketing, People and Knowledge Management, Entrepreneurship and Technology Management, Decision Making and Strategic Negotiation, Operation and Performance Management, and Business Risk and Finance.Contributing academicians and researchers are encouraged to address a variety of concerns relating to all areas of business. We also encourage students to use an interdisciplinary approach to analyzing a topic, which often yields interesting and novel papers. The published articles provide valuable insight into matters of broad intellectual and practical concern to academicians and business professionals. The Journalis published three times a year: in April, July and October. The journal is mainly an outlet of MBA ITB students to publish their final project works, although it also accepts articles written by students at masters level from other institutions. A published paper is an honor that will be unambiguously beneficial for professional and academic careers, especially for those who want to attend graduate/professional schools. This means that papers written in relations to Accounting, Economics, Finance, Marketing, Management, Operations Management, Information Systems, Business Law, Corporate Ethics, and Public Policy all qualify for submission. Information on the journal format can be found in the journal's website. The number of pages must be at 10 pages. After published, the journal article will be available electronically at the journal's website. Print ISSN: 2252-3464; Online ISSN: 2252-9284
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Articles 11 Documents
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Search results for , issue "Vol 2, No 15 (2013)" : 11 Documents clear
Performance Improvement of Cold Rolling Mill to Contribute more for The Profitability of PT Krakatau Steel Wirawan, Wahyu; Yudoko, Gatot
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Management is currently facing a difficult dilemma because of the three products that generate revenue for the company only one that gives a good profitability. Cold Rolled Coil (CRC) is one of the products that currently contribute less profit for the company even tend to contribute loss. Management is always worried if the volume of CRC is increased will further increase losses, but if the volume is too small then the cost of production will rise due to the high fixed costs. On the other hand, Hot Rolled Pickled and Oiled (HRPO) which is also the output of Cold Rolling Mill (CRM) always give a positive contribution and need to be increase its production volume and sales. This increase in volume of HRPO will of course affect to how much of CRC can be produced due to the space of Continuous Pickling Line (CPL), the first line of CRM,  will be occupied to produce HRPO. Performance improvement is needed to get the best margin by increasing the sales volume of HRPO while CRC is not being sacrified.  Keywords: Performance Improvement, Profitability, Efficiency, Effectiveness, Hot Rolled Pickled and Oiled (HRPO), Cold Rolled Coil (CRC), Cold Rolling Mill (CRM).
Implementation of Risk Management and The Effect on Performance Improvement in PT Krakatau Steel Rahmat, Budi; Wiryono, Sudarso Kaderi
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Changes in the business environment is increasingly rapidly with increasing competition levels cause the appearance of a variety of business risks that could affect the company's performance. Efforts to secure the achievement of the goals and targets of the business, these risks need to be managed in a systematic, continuous and integrated. Application of the concept of risk management should be integrated with the company's strategy and performance management for all strategic plans, tactical plans and operational plans contain inherent risks that need to be managed properly. Through the Ministerial Regulation No. SOE. PER-01/MBU/2011, Minister of state mandates that all state-owned building and implementing risk management programs in an integrated corporation which is an integral part of the practice of good corporate governance. The final project is a review of the application of the concept of risk management in PT Krakatau Steel (Persero) Tbk., Evaluating its impact on corporate performance, analyze the causes of the problems and propose improvements necessary for the application of the concept of risk management had a positive impact on the effectiveness of the achievement of corporate goals. Based on the review and evaluation, it is known that the application of risk management in PT Krakatau Steel (Persero) Tbk. has not been implemented uniformly by all organizational units. In most of the organizational unit, found the lack of continuity between the risk management cycle. Process repeated measurements of risk level has not been run periodically, so the effectiveness of the risk mitigation measures that do not scalable. Risk identification process is not yet aligned with efforts to secure the achievement of predetermined performance targets. Therefore, the application of risk management to be integrated with the company's performance management system. Keywords: PT Krakatau Steel, risk, risk level, risk mitigation, key performance indicators.
The Development of KHI'S Business Model to Enhance Sustainable Competitive Advantage Firdaus, Anton; Hamsal, Mohammad
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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This research about how PT KHI make an improvement in Business model by offering EPC (Engineering, Procurement & Construction) services to costumer to gain a better profit margin. Research result suggests PT KHI to improve its Business Model in order to enhance sustainable competitive advantage. Many competitors have the same business model in industry. PT KHI should offer different business model to stay ahead and winning the competition. The research result indicate based on current condition at PT KHI, a new value proposition will increase company’s profitability to enhance sustainable competitive advantage. The author proposes PT KHI to innovate its business model through new proposed Business Model Canvas.  Keywords; Business Strategy, Business Model, Business Model Canvas, Pipe Industry, Innovation
Review of Hydraulic Equipment Maintance Strategy to Reduce Oil Consumption Cost in Hot Strip Mill PT KS Suwarto, Agus; Yudoko, Gatot
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Currently, every company should do efficiency to reduce the production cost in order to increase it product competitiveness in both local and international market. Maintenance activity cost is the one of management concern to reduce without sacrificing the reliability of equipment and machine performance. The average lubricant usage cost in Hot Strip Mill PT. KS is Rp 1.149.464.558,- per-month or total Rp 13.793.574.699,- for year 2011, and this is a serious problem because it tends to increase every year. There are many kinds of lubricants (oil and grease) which are used in Hot Strip Mill PT. Krakatau Steel as bearing lubrication system, gear lubrication system and as fluid media in hydraulic system to move the equipment with heavy load. To reduce the lubricant cost is by doing identification of hydraulic equipment which is using the biggest of oil consumption cost for Rp 3.287.476.000,- per-year. Because there are some hydraulic system in Hot Strip Mill, therefore the research is focusing on hydraulic system in Finishing Mill area which is the biggest contributor on oil consumption by 825.691.647,- per-year.The main cause of high oil consumption cost is leakage on hydraulic hose and hydraulic cylinder seal because there is no periodically replacement schedule. Therefore, it is suggested to implement the maintenance strategy both for preventive and predictive maintenance strategy based on equipment criticality factor or impact will occur when equipment failure such as: workforce safety, production downtime, product quality, equipment duty of operation and the inspection possibilities during equipment running. By implementing an appropriate maintenance strategy, the company will get cost saving Rp 87.838.138,- per-year or 10,6 % from oil consumption cost. Keywords: lubricant usage cost, preventive and predictive maintenance strategy, increase company competitiveness.
Land Acquisition Strategy of PT Krakatau Industrial Estate Cilegon to Acquire Land with Reasonable Price and Without any Future Problem Maryono, Maryono; Soedjarno, Alibasjah I
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

As an industrial estate company PT KIEC’s performance still very dependent on the industrial land sales. Ratio of land sales to non-land sales was around 70:30 and the ratio of land and non-land profit is 85:15. With this business profile condition, PT. KIEC faced a problem with land banking that becomes very limited. Balance of the land to be sold by December 2012 was 80 ha. This condition is feared could disrupt corporate business sustainability. PT. KIEC must immediately undertake land acquisition proces, but until the end of year 2012 the process cannot run well. It faced many obstacles such as limited land supply, land allocated as industrial area occupied by resident, the existence of land speculators, land acquisition method, ability to approach the society and limited fund. To start land acquisition, KIEC needs to analyze and decide the location and release the strategy which is considering the existing obstacles. Site location selection is done through a rating analysis of several alternative locations. The primary parameters to be analyzed are land allotment base on the spatial planning, site potential to grow, accessibility, availability of infrastructure and utilities, availability of waste water receiving bodies, land contours, distance from housing, current land use and land prices. Besides, it also conducted a brief study of the feasibility study, which calculates estimated investment cost and its returns. From the several location alternatives, it was selected two priority locations, those are Tegalratu and  Makamaja village, with potential land to be acquired are 70 ha and 40 ha respectively. But only Tegalratu location will be deployed in detail. Land acquisition strategy is prepared by considering the analysis of legal aspects, social aspects and risk analysis. Transactions of land acquisition should be done with the legitimate owners of the land, as evidenced by certificate of ownership (underlying right). In order to do land acquisition quickly, it needs to learn the characteristics of the relevant stakeholders. And to minimize the things that are not desirable in the future, it needs to conduct risk analysis to map the potential risks and its mitigation measures. By considering these things hence land acquisition is done by using the services of an arranger. Land price is estimated by considering land transaction price around the location in recent month and analyzed further by appraiser consultant To acquire the land at Tegalratu village with total area 70 ha, it needs investment cost about Rp. 176 billions and it will take time about 1 year. The executor of land acquisition is an arranger that needs to be selected further. And as a partner from the internal is Land acquisition team of PT. KIEC. Keywords: land acquisition, prudent, fair price
Improving Business Synergy Between PT.Krakatau Steel (Persero)Tbk and PT.Krakatau Wajatama using byproduct Billet Steel Plant To Increase Consolidated Profit Gupito, Wedo; Larso, Dwi
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT.Krakatau Wajatama is subsidiary 100% owned by PT.Krakatau Steel (Persero) Tbk, doing business in production and distribution steel reinforcing rebars. Marketed using marking “KS”, the product having strong positioning as a steel reinforcing rebars which can lowering risk the building structure damaged impacted by fire and earthquake disasters. Market area are covered jabodetabek, banten, west jawa and parts of sumatera islands. PT.Krakatau Wajatama have no upstream of raw material production facility and having limitation in production capacity and product variances resulted. Facing with those contsraints, how PT.Krakatau Wajatama can increase its profit as well as consolidated profit for PT.Krakatau Steel (Persero) Tbk.  The final project starts by conducting value chain analysis of entire flow activities in PT.Krakatau Wajatama and main activity flow in Billet Steel Plant PT.Krakatau Steel (Persero) Tbk, and PT.Delco Prima Pasific, to find out opportunity to increase profit. The analysis finds an opportunity to increase profit through improving business synergy between PT.Krakatau Steel (Persero) Tbk and PT.Krakatau Wajatama using byproduct of Billet Steel Plant PT.Krakatau Steel (Persero) Tbk. Furthermore the project is collecting primary data which are production volume and transfer price of byproduct Billet Steel Plant PT.Krakatau Steel (Persero) Tbk, join production fee in PT.Delco Prima Pasific and product selling price of PT.Krakatau Wajatama, and conducting simulation using Microsoft Excel 2007 upon every possible alternatives solution to carry out best alternative. The simulation shows that synergy sales alternative between PT.Krakatau Steel (Persero) Tbk and PT.Krakatau Wajatama is giving potential of increasing in consolidated profit with total amount Rp.861.003.983,- per month, which is the highest value compares to other alternative. Therefore the project proposed this alternative as business solution. Key Word: Krakatau Wajatama, value chain analysis, by product, consolidated profit.
Proposal on Electric ARC Furnace Utilization to Achieve Cost Optimization in Slab Steel Plant PT Krakatau Steel Supriyadi, Beno; Larso, Dwi
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Steel Business environment has changed a lot lately, and competition is getting stronger. The global competitive pressure has changed the nature of economy Causing changes in methods of operation in industries. Faced with these situation, the company must be Able to survive and win the competition by performing measurements include all aspects that are future oriented. Krakatau recently imported a lot of semi-finished slab regarding low price for commercial grade steel. In order to win a competition all the effort was done by continuous improvement to reduce production costs. Steel slab plant is part of an integrated stainless steel production facility of Krakatau  play the biggest role of production cost responsibility. It is by the caused of the major metallurgical task to convert iron ore to steel and non-metallic raw  material to slag. Secondly steel making consume huge slab of electrical energy to melt the solid material to liquid steel. Excellent strategy and controlling tights will get very high benefit to earn much profit.The final assigment is focused on formulating a production strategy based on market requirements and production cost. Key point to get succesfull implementation of these depends on the top management strategy comitment, the Efforts of socialization, and the participation of all staff and employee. The feedback pattern always makes the learning more effective strategic and structured and continuous improvement smootly runs. Keyword: cost reduction, formulating strategic production, involvement, feedback pattern
Optimizing Spare Parts Procurement to Enhance Plant Availability Triwidodo, Stepanus Ady; Yudoko, Gatot
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

During operation all equipments in Plant need spare part to replace its damage element to maintain Plant Availability. Variation in spare part, spare part’s life service, and procurement lead time tend to increase number of spare part request. On the other hand, huge number of inventories has no direct correlation with plant availability as the fact that many break-down equipment need extended repair time due to unavailable spare part. Inventory also became main topic on company performance especially on financial side. This paper will discuss spare part procurement method on Steel Making Plant that projected able to maintain and increase Plant Availability and concern to inventory level. The working method started by spare part classification, inventory policy for each spare part classification, and procurement method. Spare part classification according to three mains criteria, which are: usage value, critically, and usage frequency. Spare part will divide by 27 different classes to decide inventory policy. These are three inventory policies:  with-out stock, one piece stock, and more pieces stock. Spare part procurement method should able to support defined inventory policy and concern to vendor availability. There are some spare part procurements method alternatives that have individually strong and weak point.  For evaluate spare part procurement method use “Kepner-Tregoe Decision Analysis” and to analyze potential problem that may rise from chossen procurement method is “Adverse Consequences”. Keywords: spare part, equipment availability, inventory, spare part classification, inventory policy, spare part procurement method.
Feasibility Analysis of Assessment Program and Professional Certification in Ensuring and Maintaining Employess Competence to Increase Value of PT Krakatau Steel (Persero) Tbk Kunariadi, Didik Sugeng; Soekarno, Subiakto
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT Krakatau Steel (Persero) Tbk is currently faced with the situation of business conditions characterized by raw material prices continue to rise and operational costs wastage resulting in increased cost of goods sold thus decrease the profitability of the company. Many factors can cause these problems, one of it is determined by the competence and professionalism of the employees, especially those directly related to the production line. HR competencies problems caused by the company does not have a model to ensure and maintain the specific competencies of employees who refer to job competence standards through the implementation of the competency assessment to give recognition to the professional certification/ allowances are integrated so that has an impact on the operating cost savings program (increasing the value of the company) as well as improvement specific competencies program of employees through training programs. Based on the analysis of the questionnaire influences the relationship between professional certification and organizational performance that is filled by the managements of the company's management indicated that professional certification and significantly positively related to organizational performance.
Re-Engineering Strategi Operasi Guna Optimalisasi Produksi Tambang Darat Studi Kasus PT Timah (Persero) Tbk
The Indonesian Journal of Business Administration Vol 2, No 15 (2013)
Publisher : The Indonesian Journal of Business Administration

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Production of tin from inland mining is still the mainstay source of tin ore production for PT Timah, the majority of tin ore mining on land in cooperation with partners, but the production of tin ore mining land PT Timah, steadily declining since the change operations strategy inland mining beginning February 2012. Implementation of the Law No. 4 of 2009 on mineral and coal mining, and energy and mineral resources minister enforcement number 28 on the implementation of mining services mineral and coal, causing PT Timah must change its strategy of partnering inland mining operations strategy compensation tin ore being mining equipment rental system. This study uses data analysis of tin ore production in 2012, , external and internal environmental analysis, PESTLE, Porter’s Five Forces Model, SWOT analysis, and interviews with stakeholders to establish the root causes reduced tin ore production of inland mining, which is due to the weak of the PT Timah role in mining operations and because have not been competitive compensation mining equipment rental and purchase price ore mines by the collector in the local market.To optimize the production of tin ore from inland mines it is necessary to re-engineering operations strategies to improve the role of PT Timah by increasing turjawasli inland mining operations and make adjustments to compensate mining equipment rental, as well as re-engineering partnership focused on the improvement of mutualisme relations by enhancing partnerships mutual trust, interdependence, shared resources, and the improvement of supply chain inland mining operations partners. With the re-engineering operating strategy and mining equipment lease compensation adjustment, and improvement partnerships is expected tin ore production to inland partners mining can be controlled and can increase the production of tin ore from inland mines.

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