scholarly journals PENINGKATAN KINERJA PENGADAAN BARANG PT. API METRA PALMA DENGAN METODE THEORY OF CONSTRAINT THINKING PROCESS

2017 ◽  
Vol 8 (2) ◽  
Author(s):  
Kokoh Ronald Aruan ◽  
Lusia Vreyda A
Keyword(s):  
Warning System ◽  
Complex Problem ◽  
Company Performance ◽  
Order Fulfillment ◽  
Performance Measurements ◽  
Delivery Performance ◽  
Thinking Process ◽  
Low Performance ◽  
Theory Of Constraint ◽  
Coordination Meeting

This study aimed to solve the problem of low performance at PT. Api Metra Palma (AMP). Procurement is an important aspect in the company because ineffective procurement process may cause disruption to the overall business process and hinder the operational capability of the company. This procurement problem has occurred at the company long enough, causing a variety of losses, and is a complex problem because it involves many functional parts of the company. Performance measurements for procurement are delivery performance and order fulfillment lead time. Indicators of low performance in the company's procurement are marked with the slow realization of the demand (more than one month) and the underachievement of Quality Objective (QO) of the Department of Procurement and General Affairs.The analysis framework employed the stages of TOC Thinking Process. This theory uses five application tools, namely: Current Reality Tree (CRT), Conflict Cloud (CC), Future Reality Tree (FRT), Prerequisite Tree (PT), and the Transition Tree (TT). Those tools were utilized to identify the key problem, develop solutions and determine the solution to the problem. All the stages were presented in the form of effect-cause-effect relationship in a system and were presented in a form of visual images through a Tree Diagram. This study used a new approach in the TOC Thinking Process, namely the three cloud approach/3-UDE Cloud. This approach can provide guidance for communicating with various parties within the company without creating any resistance through the exposure of conflict in the company. This theory also provides a means for the system to make continuous improvement through the reinforcing loop.This study resulted in the identified root causes of the procurement problem, namely the company’s inability to change the current resources (that support the procurement) to become more reliable. A General Injection to solve the conflicts that exist within the company is through the transformation of procurement resources to become reliable. The transformation is carried out upon human resources, information technology, and procurement methods. The transformation description of the resource procurement is achieved through the implementation of several programs, namely: Internal Technical Training, Holding Visit and Midyear Coordination Meeting, TI Integration for the Procurement of Goods, Network Improvement, Negotiation of Priority Scale Policy Change, Term of Payment (TOP), Early Warning System, and Improvement of Document Control. This study was also able to identify that the company’s paradigm of cost efficiency in all functions and which was derived in the company's policy only caused the company to lose the competitiveness due to the weakened procurement performance.

scholarly journals PERANCANGAN STRATEGI PENINGKATAN KINERJA BAGIAN OPERASI PT. JAYA READYMIX MENGGUNAKAN METODE THEORY OF CONSTRAINT THINKING PROCESS

2017 ◽  
Vol 9 (1) ◽  
Author(s):  
Anaya Wardhana ◽  
Wirendra Satwika Bimantara
Keyword(s):  
Construction Projects ◽  
Action Plan ◽  
Success Factor ◽  
Operation Performance ◽  
Key Performance Index ◽  
Thinking Process ◽  
Low Performance ◽  
On Time Delivery ◽  
Key Success Factor ◽  
Theory Of Constraint

The main business of PT.Jaya Readymix is supplying readymix concrete to construction projects. The key success factor to win competition in this industry is providing the high quality concrete in competitive price and on-time delivery. To support this key success factor, a company should have good operation performance. The low performance makes the customer dissatisfied and move to other company. When it happens, as the consequence, the revenue of the company will decreas. The indicators of the low performance in the company’s operationis marked with the case of unfinished Corrective Action Report (CAR) in, for example, inability to deliver product on-time and unavailability truck mixer. This research uses the Theory Of Constraint (TOC) Thinking Process to analyze process and to formulate strategy. The steps in this research include identifying and analyzing the core driver of the current company’s problems, and make the action plan to eliminate the problems. All of the process are presented in a form of visual images through a Tree Diagram which is an effect-cause-effect relationship. This research found that the root of the low performance problems of the company's operations is inability of the company to enforce employee discipline. The injected policy to this problem is conducting performance evaluation for plant employees, especially truck drivers, which means it also needs to designed Key Performance Index (KPI) are balanced. In addition, other programs such as procedures socialization, enable the slump stand 2, implementing a new wage system, and implementation of policy briefing before each workshift time is also essential for the company to win competition.

scholarly journals KINERJA RANTAI PASOK SAYURAN DENGAN PENDEKATAN SCOR (Studi Kasus: Pondok Pesantren Al-Ittifaq di Kabupaten Bandung)

2019 ◽  
Vol 7 (2) ◽  
pp. 113-128
Author(s):  
Dwi Putriana Nuramanah Kinding ◽  
Wahyu Budi Priatna ◽  
Lukman M. Baga
Keyword(s):  
Supply Chain ◽  
Best Practices ◽  
Superior Performance ◽  
Supply Chain Performance ◽  
Order Fulfillment ◽  
Common Goal ◽  
Delivery Performance ◽  
Scor Model ◽  
Fresh Vegetables ◽  
A Company

Knowing the performance of a company is needed in order to be able to determine the extent to which goals have been achieved. The final objective of this research was to analyze the performance of Al-Ittifaq vegetable supply chain for each of its members in order to achieve a common goal, by maximizing the resources they have with their best practices. The analytical method used in this research was the Supply Chain Operational Reference (SCOR) model by considering the internal and external attributes of the foodSCOR card. The four attributes used in this study were reliability, responsiveness, agility ,and assets. The results of measuring internal performance in the supply chain at all levels in the responsiveness and agility attributes had achieved superior performance positions on the foods card. The value of Al-Ittifaq vegetable supply chain performance on reliability attributes in conformity performance with the standards was still in the advantage position, while the delivery performance and order fulfillment were already in a superior position. The internal performance of the Al-Ittifaq vegetable supply chain in each section for the cash to cash cycle time attribute had reached a superior position. The daily inventory performance was still in the advantage position, therefore Al-Ittifaq it still needs improvement in performance by not doing a daily inventory to reduce storage costs and to always provide fresh vegetables.

scholarly journals Firms’ performance during the COVID-19 outbreak: international evidence from 13 countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Olga Golubeva
Keyword(s):  
Corporate Governance ◽  
Emergency Preparedness ◽  
Performance Model ◽  
Company Performance ◽  
Market Demand ◽  
Performance Measurements ◽  
Data Set ◽  
Content Type ◽  
The Impact ◽  
Country Specific

Purpose The purpose of this paper is to explore the impact of firm-, finance- and country-specific indicators to the performance of companies under the COVID-19 outbreak. Design/methodology/approach The study uses a regression performance model for enterprises during the COVID-19 crisis. The investigation is based upon a data set of 5,730 firms from 13 countries collected by the World Bank through enterprise surveys. The author combined the analysis of traditional performance measurements with the testing of relatively novel variables. Findings This study confirms the significance of multiple factors for company performance: sector, size, participation in exports and market demand for firms’ products. Robust financing solutions during the coronavirus pandemic period include equity contributions, followed by firms’ cash balances and debt. Support by a government, however, has not yet been confirmed as a significant source of finance. This paper also suggests the importance of country-specific factors for the performance of enterprises, including the level of economic development and the corporate governance infrastructure. Practical implications The research outcomes might assist regulatory bodies, policymakers and companies in their formulation of public and corporate governance strategies concerning future emergency preparedness and responses. Originality/value This paper is among the first empirical studies in the management realm that addresses the impact of COVID-19 on company performance, with cross-national empirical data.

scholarly journals Pengukuran Kinerja Manajemen Rantai Pasokan dengan SCOR Model 9.0 (Studi Kasus di PT Indocement Tunggal Prakarsa Tbk)

2016 ◽  
Vol 2 (3) ◽  
pp. 89 ◽  
Author(s):  
Anas Mutakin ◽  
Musa Hubeis
Keyword(s):  
Supply Chain ◽  
Customer Service ◽  
Cycle Time ◽  
Performance Metrics ◽  
Chain Structure ◽  
Order Fulfillment ◽  
Scor Model ◽  
Low Performance ◽  
Supply Chain Structure ◽  
The Cost

The objectives of this research were (1) Assess the supply chain structure of cement products in PT Indocement Induk Prakarsa (ITP) Tbk; (2) Conduct performance measurement of supply chain management (SCM) for cement products in PT ITP Tbk approach Supply Chain Operations Reference (SCOR) model version 9.0; (3) Provide alternatives solution to the problem after the measurement is known along with suggestions of measurement and analysis activities of SCM at PT ITP Tbk. Calculation of performance metrics level 1 is the perfect order fulfillment (POF) 82.43%, order fulfillment cycle time (OFCT) 2 days, the cost of good sold (COGS) 53.84% and cash-to-cash cycle time (CTCCT) 53 days. Opportunity value that is calculated using the lost opportunity measure (LOM) is a POF registration COGS Rp 552,146,310,636 and Rp 127,956,658,590. The mapping level 2 shows PT ITP Tbk have performance lowest deliver process, because the expedition and transportation of cement is less effective and efficient in sending customer orders. Mapping level 3 shows in detail the process of delivering PT ITP Tbk, so it can answer why deliver a low performance. From the results of the overall SCM performance PT ITP Tbk good enough, but needs to be improved on the expedition and the distribution of transportation to reach the target business objectives set PT ITP Tbk, which is improving customer service and increase profits.

scholarly journals The relationship between CEO compensation and company performance measurements of listed South African firms

2020 ◽  
Vol 24 ◽  
Author(s):  
Willem Jacobus Coetzee ◽  
John Henry Hall
Keyword(s):  
Performance Measurement ◽  
Performance Studies ◽  
Ceo Compensation ◽  
Chief Executive ◽  
Company Performance ◽  
Performance Measurements ◽  
Performance Study ◽  
Return On Assets ◽  
Performance Based Compensation ◽  
The Relationship

Some commentators argue that increased chief executive officer (CEO) compensation may lead to increased company performance, while others argue that increased CEO compensation does not necessarily lead to increased company performance. These different opinions led to several pay-performance studies to identify and analyse the relationship, if any, between CEO compensation and company performance. The motivation for the present study was to determine whether different performance measurements in a pay-performance study would provide different results, as well as to determine whether certain firms’ performance measurements correlate better to compensation than those of other firms. The main finding of the research was that there is a substantial difference in the correlational relationships identified between CEO compensation and company performance, depending on the performance measurement used. In this study earnings per share reported the strongest positive correlation at 0.89 and return on assets reported the strongest negative correlation at  -0.79 to CEO compensation. The findings suggest that researchers should carefully consider what performance measurement to use when conducting pay-performance studies as very different results could be delivered. In addition, stakeholders should take note of the specific performance measurement that they should apply if they want to negotiate a performance-based compensation system.

scholarly journals Perancangan Balanced Scorecard sebagai Pengukuran Kinerja pada PT Asuransi MSIG Indonesia

2017 ◽  
Vol 7 (2) ◽  
pp. 140
Author(s):  
Ramadhani Ramadhani ◽  
Erlin Trisyulianti
Keyword(s):  
Performance Measurement ◽  
Balanced Scorecard ◽  
Swot Analysis ◽  
Employee Performance ◽  
Secondary Data ◽  
Balanced Score Card ◽  
Company Performance ◽  
Performance Measurements ◽  
Score Card ◽  
Customer Perspective

PT MSIG move in the field of damage insurance and it is trying to design a system of measurement of performance comprehensive. The purpose of this research is to identify indicators used in employee performance measurement in PT MSIG, formulating concept of balanced score card (BSC) system that is suitable to the company performance measurement, and to develop BSC simulation which is in accordance to company vision, mission, and strategy. The results of this research indicate that financial performance measurements are classified as good. In BSC formulation, it is showed that customer perspective is the most important perspective in the performance evaluation with the score of 29%. In BSC simulation, it is showed that performance measurement is classified as good based on csale of 75%. Data used in this research was primary and secondary data. While data analysis method used was BSC analysis, Analytical Hierarcy Process (AHP) analysis, and Strengths, Weakneass, Opportunities, and Threaths (SWOT) analysis.

CAN THE BIG 3 OVERTAKE TOYOTA? — A STUDY BASED ON THE THEORY OF CONSTRAINTS

2007 ◽  
Vol 06 (02) ◽  
pp. 145-157 ◽  
Author(s):  
SIMON WU ◽  
SAMUEL WANG ◽  
MAURICIO F. BLOS ◽  
H. M. WEE
Keyword(s):  
Problem Solving ◽  
Coming Out ◽  
Optimal Solution ◽  
Complex Problem ◽  
Theory Of Constraints ◽  
Root Cause ◽  
Thinking Process ◽  
Core Problem ◽  
Current Reality

Purpose — The aim of this paper is to provide answers to two significant questions. The first question is "what is the comprehensive action for the Big 3 to overtake Toyota Company?" The second question is "Can TOC (Theory of Constraints) really deal with this kind of complicated problem effectively?" Design/methodology/approach — In order to address this question and come out with a reasonable answer, this study uses the Theory of Constraints to discover the root causes and countermeasures for the Big 3 to break through their paradigms. Findings — It is worthwhile to highlight that we have demonstrated that a sophisticated case in global competition of the motor market can provide solutions with only four TOC logic trees. Furthermore, it is interesting to note that the four TOC logic trees fit perfectly well with each of the four problem solving steps in two aspects: (1) It provides a shortcut through mirror imaging process and (2) It enhances the clarity of the thinking process. Research limitations/implications — However, there remains some issues open for further exploration: (1) How can we make sure that the appropriate core problem(s) or root cause(s) has been identified in CRT (Current Reality Tree) and it is indeed the most meaningful one? (2) How can we proceed from CRT to FRT (Future Reality Tree) & further from FRT to PT (Prerequisites Tree) more effectively? (3) How can we discover key obstacles from PT and how to develop action plans from TT (Transition Tree) smoothly? (4) How to refine and integrate these feasible solution sets coming out from TT into the optimal solution scheme to be adapted in the real world? Originality/value — This study demonstrates how TOC problem solving can help to solve the core problems and root causes of "can the Big 3 overtake Toyota?" It not only gives managerial insights for the Big 3 to break through their paradigms to fight back Toyota; but also identify how a complex problem beyond production field can be analyzed and dealt with effectively. Paper type–Case study paper.

scholarly journals Early Warning System Analysis of General Insurance Companies

2021 ◽  
Author(s):  
Amandhita Pratiwi Hidayah Ndaru ◽  
Yuli Soesetio
Keyword(s):  
Early Warning ◽  
Financial Services ◽  
Early Warning System ◽  
System Analysis ◽  
Warning System ◽  
Test Methods ◽  
Insurance Companies ◽  
Company Performance ◽  
Insurance Company ◽  
General Insurance

This research aimed to examine the effect of an Early Warning System on insurance company performance. The sample included insurance companies listed on The Financial Services Authority (OJK) in 2016-2018. Fifty samples were obtained through purposive sampling. Data were analysed using regression. The results showed that the loss ratio, liquidity ratio, technical reserve ratio and age of the insurance company affected their performance, but not consistently across the three regression test methods. Meanwhile, the retention ratio did not affect the performance of insurance companies consistently. These results suggest that Indonesian insurance companies having a tendency to prioritize public trust to increase the insurance business. Keywords: Early Warning System, Insurance Company Performance, Indonesia General Insurance

Processing center “Petropavlovsk” in seismic subsystem of Tsunami Warning System in Russian Far East in 2010-2018

2019 ◽  
pp. 120-135
Author(s):  
Данила Викторович Чебров
Keyword(s):  
Spatial Distribution ◽  
Detailed Analysis ◽  
Russian Far East ◽  
Far East ◽  
Reaction Times ◽  
Warning System ◽  
Tsunami Warning ◽  
Tsunami Warning System ◽  
Low Performance

На основе накопленного эмпирического материала исследуется вопрос о реальных характеристиках сейсмической подсистемы Системы предупреждения о цунами (СП СПЦ), созданной на Дальнем Востоке России в 2006-2010 гг. Детальный анализ реакции системы и точности оценок координат землетрясений проведен на примере Камчатки как регионе с самой высокой сейсмической активностью на Дальнем Востоке, который приемлемо обеспечен сейсмическими наблюдениями. Установлено, что СП СПЦ демонстрирует стабильно высокие характеристики на протяжении всего периода эксплуатации, они удовлетворяют требованиям, заложенным при проектировании СП СПЦ. Кроме того, выделены районы, для которых качество оценок параметров землетрясений находится вблизи предельных значений - Северные Курилы и сегмент Алеутской дуги восточнее Командорских островов. Основная причина пониженного качества работы СП СПЦ при обработке землетрясений в этих районах - недостаточная обеспеченность наблюдениями Курильских и Алеутских островов. The new Tsunami Warning System in Russian Far East was created in 2006-2010, and it is on duty for more than eight years. The TWS-2010 replaced the old TWS-1958 that had been developed in 1950s after the Great Kamchatka earthquake in 1952. The main method in TWS is still the seismic method, based on the magnitude-geographical criterion. Therefore, the seismic subsystem of TWS can be called a key component that affects the characteristics of entire system. In this paper the problem of real characteristics of seismic subsystem of TWS is examined. The main characteristics that affect the entire TWS efficiency are the system reaction time and coordinate estimates accuracy. A detailed analysis of these characteristics is carried out on the example of Kamchatka. This region was chosen because of the highest seismicity and rather good system of seismic observations. Empirical distributions of system reaction times and coordinate accuracy are considered. Parameters of these distributions describe the quality of TWS processing. The detailed analysis of spatial distribution of reaction times and coordinate estimates accuracy made it possible to reveal “good” and “bad” areas for TWS processing. It was found out, that seismic subsystem of TWS shows consistently high performance throughout the entire period of operation. Reaction times and coordinate estimates accuracy satisfy the regulation requirements of TWS. The detailed analysis for spatial distribution of reaction times and coordinate estimates accuracy made it possible to conclude that most part of the Kamchatka region is covered by accurate and rapid TWS estimates. In the same time, low performance regions were revealed. Reaction times and coordinate accuracy in these regions are near the limit values, according to regulations of TWS. These low performance areas include North Kuril and Aleutian trench area (east of the Commander islands). The main reason for the reduced quality of TWS processing of earthquakes occurring in these areas is the lack of seismic observations of the Kuril and Aleutian Islands.

scholarly journals COMPANY'S PERFORMANCE SELF-ASSESSMENT (COPSA) AMONG FACILITIES OUTSOURCING FIRMS IN MALAYSIA: A FOCUS ON SERVICE DELIVERY

2015 ◽  
Vol 19 (3) ◽  
pp. 283-296
Author(s):  
Abdul Hamid MAR IMAN ◽  
Muhammad Umbugala DOUGLAS ◽  
Hishamuddin Mohd ALI
Keyword(s):  
Service Delivery ◽  
High Performance ◽  
Facilities Management ◽  
Company Performance ◽  
Parametric Approach ◽  
Self Assessment ◽  
Delivery Performance ◽  
Practice Performance ◽  
And Performance ◽  
Balance Mechanism

Company performance self-assessment (CoPSA), whose fundamental purpose is to provide a check-and-balance mechanism for practice performance through progress-and-performance self-assessment (PaPSa) is yet to be in place in the facilities management industry. Specially needed by facilities service outsourcing firms (FSOFs), CoPSA benefits the top management from organizational introspection of company's own performance. This paper proposes and tests a CoPSA model using a parametric approach. Managers’ perceptions about service delivery performance of their firm are measured using the likert scale and then deduced into a three-equation two-step recursive model. From a total of 207 randomly chosen Malaysian outsourcing firms, sixty responses were obtained. The results indicate that more than half of the sampled managers have envisioned high performance delivery, with 80% achievement as their goal. However, this has not been adequately supported by a coherent firm's internal structure. In view of the finding, the study concludes that the service delivery strategy of small fSofs in Malaysia is perceived to be rather passive.

Sign in / Sign up

Export Citation Format

Share Document