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Journal of Economics Business Industry
Published by Lembaga Penelitian dan Ilmu Pengetahuan JEPIP
ISSN : 30250528     EISSN : 30250986     DOI : https://doi.org/10.59976/jebin
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Journal of Economics Business Industry is a journal through a peer-review process.  Journal of Economics Business Industry for academics and researchers to publish their articles which is an original text that has not been published in another journal. The focus and scope are in the fields of Economics Industry, Mangement and Industry Businees, Economics Finance, Economics accounting, Economics Business.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 10 Documents
 1 
Identify Financial Ratios to Measure The Company's Financial Performance Sari Lubis, Syahnisa
Journal of Economics Business Industry Vol. 1 No. 1 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i1.7

Abstract

This study aims to determine and analyze financial ratios as a tool to measure financial performance at PT. ABC is based on SOE and Theoretical Standards. This research approach is qualitative descriptive research, where qualitative descriptive research is analyzing data for problems of independent variables such as data in the form of numbers, generally not using statistics. The type of data in this study is qualitative data, namely data in the form of financial statements, namely profit/loss statements and balance sheet statements. This data collection technique is a documentation technique on secondary data sources of financial statements. The results of this study show that in the company PT. ABC shows that the financial performance of the calculation of liquidity ratios (current ratio and cash ratio) can be said to be good, and e financial performance of the calculation of solvency ratios (Debt to Equity Ratio and Debt to Asset Ratio) can be said to be good, financial performance from the calculation of profitability ratios (Return On Equity and Net Profit Margin) can be said to be less good, and financial performance from the calculation of activity ratios (Fixed Asset Turnover and Total Asset Turnover)  It can be said to be not good.
Techno-Economic Analysis of Utilization of Tofu Production Liquid Waste into Liquid Organic Fertilizer Using Experimental Methods Gustiari, Rini
Journal of Economics Business Industry Vol. 1 No. 1 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i1.8

Abstract

Tofu Industry is a company that produces liquid waste that has the potential to pollute the environment and is one of the industries that produces organic waste. The presence of organic elements in tofu liquid waste causes researchers to use tofu liquid waste into liquid organic fertilizer that has added value. This liquid organic fertilizer can be an alternative at a low price compared to other liquid organic fertilizers on the market. This liquid organic fertilizer is manufactured mainly from tofu liquid waste with coconut water, brown sugar solution, and EM4 solution. The method of making liquid organic fertilizer is a random design complete with three treatments. Each sample composition is 1 liter of liquid waste, 2 liters of liquid waste, and 3 liters of liquid waste. The laboratory test results show that in liquid organic fertilizer, N, P, and K show that treatment A has the best results with N values of 0.42%, P 0.13%, and K 0.29%. The results of the techno-economic analysis are that the cost of goods produced is obtained at Rp. 5,178.75 / liter, the break-even point of 95.58 liters, and it takes 42 days to break even. The payback period only takes 0.9 years. For further research, the process of making liquid organic fertilizer should produce samples on a large scale to minimize the calculation of techno-economic analysis in the direct labor wage section.
Feasibility Analysis of Sumedang Tofu MSMEs Business with Its Development Strategy Puspita Sari, Devi; Miranda, Miranda
Journal of Economics Business Industry Vol. 1 No. 1 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i1.9

Abstract

This research concerns the development strategy and business feasibility analysis using a value engineering approach. MSMEs Sumedang Tofu is a small industry that processes and markets Sumedang Tofu to the public. The problem that occurs in the sumedang tofu production is environmental conditions that are poorly maintained, and the results of tofu sales fluctuate. Therefore, it is necessary to do a business feasibility analysis to find out whether the Crispy Sumedang Tofu UKM is feasible or not to operate. After identifying the business feasibility analysis aspects, the next step is to determine the right development strategy using a value engineering approach. Value engineering aims to achieve the best value by defining the functions needed to complete the target value and to innovate, improve, and minimize production costs while maintaining the quality and usability of the products produced by considering consumer needs. The development that will be carried out is sumedang crispy tofu packaging. Value engineering has several stages, including information, functional analysis, creative, analysis and evaluation, and recommendations. The Net Present Value (NPV) shows cash flow for three years with a bank interest of 10%, and the resulting NPV is positive. The Internal Rate of Return (IRR) shows that the total value of IRR is 46%, and UKM Sumedang Crispy Tahu is said to be feasible. This is because the IRR value exceeds the loan interest (10%), 46%. and the Payback Period (PP). This MSMEs is feasible to continue because the business capital invested is IDR 143,202,000 and will be fully recoverable within one year and 11 months.
Minimizing Fresh Fruit Bunches Inventory Costs Using Continuous Review System and Blanked Order System Methods Sihotang, Galuh Amanda; Ferida Azka Damiyati
Journal of Economics Business Industry Vol. 1 No. 1 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i1.10

Abstract

PT X is a company engaged in palm oil processing. The company's inventory of FFB raw materials is erratic, depending on the production needs. In processing palm oil raw materials, companies in the logistics or inventory department cannot be separated from the problem of FFB raw material inventory, which is part of the primary needs for company production. This company faces issues, namely the fluctuation in demand and lead time for placing orders, which can cause stockouts and shortages in FFB raw material inventories, which disrupts production process activities. The purpose of the research conducted was to conduct an analysis of raw material inventory control using the continuous review system and blanked order system methods to avoid the occurrence of raw material shortages in the raw material inventory to be used and to minimize the total inventory costs that must be incurred at the company and determine the best inventory method. The results obtained from this study were getting a safety stock of 1,638 tons and a known reorder point of 5,093 tons for the schedule of reordering FFB raw materials using the continuous review system method. Based on the results of calculating inventory costs using the constant review system method, it is the most optimal method with a minimal total inventory cost compared to the blanked order system method and the previous company policy, with savings generated by 0.10%.
Determinants of Economic Value Addition of Industrial Tuna Fish Processors in the Sea Food Processing Sub-Chain in Malaysia Alif Ramadhan, Haiqal
Journal of Economics Business Industry Vol. 1 No. 1 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i1.11

Abstract

Value added is the difference between the output value, input material, and processing costs. The supply chain of tuna products is inseparable from production costs as a support for increasing the added value potential of fish. This study aims to determine the added value of supply chain entities as a whole for each alternative using the Hayami method and determine the level of marketing efficiency of existing supply chain flows using farmer's share analysis for this added value, using the Hayami method to find out which tuna product is the most profitable to increase the added value of this tuna. The tuna supply chain actors consist of fishermen as fish producers, transit docks, fresh tuna processing industries, canned tuna processing industries, tuna fillet processing industries, traditional market traders, supermarkets, export agents, and consumers. The added value obtained by fishing entities is MYR (Ringgit Malaysia) 1,061, with an added value ratio of 4.38% for one fish production, amounting to MYR 20,758 or 45.67%, a canned tuna processing entity of MYR 5,940 or 19.6%, a tuna fillet processing entity of MYR 8,485 or 25.91%, a traditional market trader entity of MYR 3,758 or 24.8%, canned tuna supermarket entity of MYR 561 or 15.41% tuna fillet supermarket entity in the amount of MYR 107 or 3.05% and an export agent entity of MYR 15,151 with a value-added ratio of 25%. Of all the entities that get the most significant added value, the fresh tuna processing entity amounting to MYR 20,758 per week.
The Influence of Marketing Mix Strategy on Bread Customer Satisfaction in Nigerian Market Ohimain Ozumba, Ige; Okon, Elemo
Journal of Economics Business Industry Vol. 1 No. 2 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i2.17

Abstract

Bread is a practical and ready-to-eat food. Urban people consume Bread as a breakfast menu. This causes the bakery industry to grow even more. This study aims to analyze the purchasing decision process, analyze the dimensions in the marketing mix that affect consumer satisfaction, analyze the level of satisfaction formed by the marketing mix and formulate managerial implications from the results of the marketing mix analysis. Data were obtained from 120 respondents determined by convenience sampling and analyzed using the Structural Equation Model. The results showed that consumers go through all stages of the purchase decision process. Consumers buy Bread based on the motivation to meet their needs as a substitute for rice. Consumers obtain information about Bread from advertising. The main evaluation criterion for consumers before deciding on the purchase of Bread is the condition of the Bread. The consumer's purchase plan depends on the situation. If the variety of types of Sari Roti sought is not available, and there is a price increase, the consumer's action is still to buy Bread. However, if another brand of Bread provides a discount, consumers switch to that other brand of Bread during that period only. Marketing mix has a positive and significant effect on consumer satisfaction. This shows that the role of product, price, place and promotion increases customer satisfaction. The dimensions of product and price have a more substantial influence than place and promotion. The level of customer satisfaction of Sari Roti is in the very satisfied category. The recommended managerial implications are increased availability, 24-hour sales, public relations and sales promotion.
Relationship Between Supply Chain Management and Competitor Intensity in The Food Business: A Structural Equation Model Earnshaw, Karen
Journal of Economics Business Industry Vol. 1 No. 2 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i2.18

Abstract

Supply Chain Management (S.C.M.) was developed as a system and coordination of strategies of business functions that manage supply chains to improve long-term performance. This study aims to analyze the relationship between the implementation of supply chain management and the intensity of competitors in the food business, analyze the relationship of competitor intensity to company performance, and provide recommendations on the Food and beverage business related to increasing competitiveness based on the implementation of supply chain management. The results showed that the implementation of supply chain management on competitor intensity has a significant relationship with an influence of 44.5%, and the relationship of competitor intensity to company performance is a meaningful relationship with a power of 65.2%. From the recommendations, food business people and innovative products are recommended to expand and cover the entire market by considering aspects of logistics distribution, digital marketing, and product gallery development
Virgin Coconut Oil (VCO) Business Analysis in Terms of Economic Income El Safira, Gina; Sari, Yuni; Waluyo, Dadang
Journal of Economics Business Industry Vol. 1 No. 2 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i2.19

Abstract

High fluctuations in coconut prices have resulted in coconut farmers in North Minahasa Regency experiencing uncertainty about their economic conditions, so derivative products from coconuts, such as Virgin Coconut Oil (VCO), which can be processed, are needed. This study aims to calculate the feasibility of making Virgin Coconut Oil (VCO), which is processed traditionally, and analyze sensitive indicators from each aspect studied. Traditionally processed Virgin Coconut Oil (VCO) quality highly depends on raw materials and processing. The business feasibility analysis parameters used are marketing, technological, management, legal, and economic. The method used is the Multidimensional Scaling (MDS) Method. The analysis showed that the financial aspect obtained Net Present Value NVP value = IDR 482,378,746, IRR = 93.88%, Gross B/C Ratio = 2.193, PR = 3.64, PBP = 1 year eight days. The feasibility index assessment of five aspects obtained values: marketing aspects 83.50%, technology aspects 52.28%, management aspects 60.91%, legal aspects 65.39%, and economics 74.83%. The average value of the feasibility index shows that the traditional VCO manufacturing business in North Minahasa Regency can be declared feasible.
Quality Analysis of Health Center Service Management for Efforts to Improve Patient Satisfaction Rismawati, Jihan; Odelia Gultom, Nanda
Journal of Economics Business Industry Vol. 1 No. 2 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i2.20

Abstract

Health Centers providing the best quality of service can affect consumer satisfaction in using services. If the quality of service, facilities, and promotions consumers offer is unsatisfactory, consumers no longer use Health Center services. This research focuses on consumer satisfaction with the services provided by the Health Center after using these services and what attributes need to be improved to increase customer satisfaction. This study aims to determine patient satisfaction with the services provided by Health Center X. The method used in this study is IPA (Importance Performance Analysis). This method, also known as quadrants analysis, aims to measure the relationship between consumer perception and the priority of improving the quality of products or services. Twenty-one attributes or statements represent each service dimension: tangibles, empathy, reliability, responsiveness, and assurance. For the quality of services provided by the Health Center to be improved, the Puskesmas must make improvements as soon as possible to statements that fall into the categories that need improvement, namely the words "Large car or motorcycle parking," "Officers carry out administrative processes quickly and precisely," "The ability of the Health Center to respond to complaints, criticisms, and suggestions from patients," and "Guarantee of trust given by officers to services." Puskesmas gets a customer satisfaction level value of 79.03%, which means that the performance given by the Health Center to customers or patients is included in the Satisfied category.
Adaptation of Blue Ocean Strategy in Increasing Business Markets Sakinah, Intan; Zahro, Zainab; Andinia, Adilla
Journal of Economics Business Industry Vol. 1 No. 2 (2023): Journal of Economics Business Industry
Publisher : Lembaga Penelitian dan Ilmu Pengetahuan JEPIP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59976/jebin.v1i2.21

Abstract

Products produced by the XYZ Photography & Video Studio business include photo studio services, graduation studio photos, family studio photos, pre-wedding photos, wedding photos, wedding videos, photo printing, and photo accessories sales. The following problems: Lack of promotion carried out by the management either manually or online, No company targets monthly and yearly, Incomplete brochures and price lists for each product. This study aims to increase revenue and propose strategies to create innovations to stay away from competitors. The methods used are the SWOT and Blue Ocean Strategy (BOS). The SWOT method determines strengths, weaknesses, threats and opportunities. The BOS method is a method used to stay away from competitors. Research conclusion The Company's position in market competition through the SWOT matrix of EFAS and IFAS is in quadrant IV, which means that the Company in this position is very unfavourable because it faces threats and weaknesses from the company. The company has many weaknesses and also faces threats. This position proves that the company's performance is weak and faces major challenges. The company focuses on minimizing internal problems to seize existing market opportunities

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