INCREASING THE COMPANY'S PROFITABILITY AND COST EFFICIENCY THROUGH THE IMPLEMENTATION OF ACTIVITY-BASED MANAGEMENT, VALUE CHAIN, AND PESTEL
Main Article Content
Abstract
The purpose of this research is to analyze and evaluate whether the costs incurred by the company can meet the established cost standards and how its implementation can reduce and eliminate all activities that are not value-added to all costs, especially import and distribution activities to customers, resulting in cost reductions that increase competitive advantage and maximize profitability. The analysis of this research is descriptive qualitative in the form of a case study through obtaining data from observation, interviews, and documentation. The findings show a cost difference between the traditional methods implemented by the company and the cost of reaching the standards set with Activity Based Management. Furthermore, the company reduces non-value-added activities in importing and shipping goods to customers to win the competition. It establishes a PESTEL strategy for analyzing the inhibiting factors of market competition.
Downloads
Download data is not yet available.
Article Details
How to Cite
Demsina Sinaga, Y., & A. Hermawan, A. (2023). INCREASING THE COMPANY’S PROFITABILITY AND COST EFFICIENCY THROUGH THE IMPLEMENTATION OF ACTIVITY-BASED MANAGEMENT, VALUE CHAIN, AND PESTEL . Akurasi : Jurnal Studi Akuntansi Dan Keuangan, 6(2), 287-309. https://doi.org/10.29303/akurasi.v6i2.371
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Penulis yang naskahnya diterbitkan menyetujui ketentuan sebagai berikut: Hak publikasi atas semua materi naskah jurnal yang diterbitkan/dipublikasikan dalam situs Jurnal AKURASI ini dipegang oleh dewan redaksi dengan sepengetahuan penulis (hak moral tetap milik penulis naskah). Ketentuan legal formal untuk akses artikel digital jurnal elektronik ini tunduk pada ketentuan lisensi Creative Commons Attribution-ShareAlike (CC BY-SA), yang berarti Jurnal AKURASI berhak menyimpan, mengalih media/format-kan, mengelola dalam bentuk pangkalan data (database), merawat, dan mempublikasikan artikel tanpa meminta izin dari Penulis selama tetap mencantumkan nama Penulis sebagai pemilik Hak Cipta. Naskah yang diterbitkan/dipublikasikan secara cetak dan elektronik bersifat open access untuk tujuan pendidikan, penelitian, dan perpustakaan. Selain tujuan tersebut, dewan redaksi tidak bertanggung jawab atas pelanggaran terhadap hukum hak cipta.
References
Ahn, J. Bin, & Sarmiento, M. (2019). Estimating the direct impact of bank liquidity shocks on the real economy: Evidence from letter-of-credit import transactions in Colombia. Review of International Economics, 27(5). https://doi.org/10.1111/roie.12433
Annisa, F., & Agus Arief Santoso. (2023). Peningkatan efisiensi biaya melalui Activity Based Management. Jurnal Riset Dan Aplikasi: Akuntansi Dan Manajemen, 4(2), 229-238. https://doi.org/10.33795/jraam.v4i2.010
Avdeeva, I., Golovina, T., & Polyanin, A. (2021). Change management strategy for the activities of business organizations. SHS Web of Conferences, 90. https://doi.org/10.1051/shsconf/20219001003
Bhalaji, R. K. A., Sankaranarayanan, B., Alam, S. T., Ibne Hossain, N. U., Ali, S. M., & Karuppiah, K. (2022). A decision support model for evaluating risks in a collaborative supply chain of the medical equipment manufacturing industry. Supply Chain Forum, 23(3). https://doi.org/10.1080/16258312.2021.1989268
Bontempo, P. C. (2022). Countries’ governance and competitiveness: business environment mediating effect. RAUSP Management Journal, 57(1). https://doi.org/10.1108/RAUSP-11-2020-0253
Bourassa, S., Noebert, D., Dauphin, M., Rambaud, J., Kawaguchi, A., Léger, F., Beijer, D., Fortier, Y., Dligui, M., Ivanovski, H., Simard, S., Jouvet, P., & Leclerc, J. (2022). Acute care for patients exposed to a chemical attack: protocol for an international multicentric observational study. BMJ Open, 12(9). https://doi.org/10.1136/bmjopen-2022-065015
Cepel, M., Stasiukynas, A., Kotaskova, A., & Dvorsky, J. (2018). Business environment quality index in the sme segment. Journal of Competitiveness, 10(2). https://doi.org/10.7441/joc.2018.02.02
Chakravarthi, I. (2013). Medical equipment industry in India: Production, procurement and utilization. Indian Journal of Public Health, 57(4). https://doi.org/10.4103/0019-557X.123242
Chang, X., Zhao, Y., Li, Y., Bai, T., Gao, J., & Zhao, C. (2022). Cost-effectiveness of life cycle cost theory-based large medical equipment. Applied Bionics and Biomechanics, 2022. https://doi.org/10.1155/2022/8045401
Cheng, J. H., Lei, D. Y., Huang, K. P., & Feng, Y. L. (2020). Based on social capital to discuss the correlation between internal marketing strategy and employees’ job satisfaction in medical equipment industry. Revista de Cercetare Si Interventie Sociala, 71. https://doi.org/10.33788/rcis.71.14
Clay, P. Mac, & Feeney, R. (2019). Analyzing agribusiness value chains: A literature review. International Food and Agribusiness Management Review (Vol. 22, Issue 1). https://doi.org/10.22434/IFAMR2018.0089
Cresswell, J. W. (2017). Research Design (Qualitative, Quantitative, and Mixed Methods Approaches). Edisi 3. SAGE Publications.
Ghemawat, P. (2002). Competition and business strategy in historical perspective. Business History Review, 76(1), 37-74. https://doi.org/10.2307/4127751
Giantari, I. G. A. K., Yasa, N. N. K., Suprasto, H. B., & Rahmayanti, P. L. D. (2022). The role of digital marketing in mediating the effect of the COVID-19 pandemic and the intensity of competition on business performance. International Journal of Data and Network Science, 6(1). https://doi.org/10.5267/J.IJDNS.2021.9.006
Gupta, R., Nair, K., & Radhakrishnan, L. (2021). Impact of COVID-19 crisis on stocking and impulse buying behaviour of consumers. International Journal of Social Economics, 48(12). https://doi.org/10.1108/IJSE-03-2021-0163
Hery. (2013). Akuntansi Dasar 1 dan 2 - Hery, SE. In PT Grasindo.
Jusmani, & Oktariansyah. (2021). Activity Based Management Sebagai Instrumen. Activity Based Management.
Knez, K., Jaklič, A., & Stare, M. (2021). An extended approach to value chain analysis. Journal of Economic Structures, 10(1), 13. https://doi.org/10.1186/s40008-021-00244-6
Lee, W. I., Cheng, S. Y., & Shih, Y. T. (2017). Effects among product attributes, involvement, word-of-mouth, and purchase intention in online shopping. Asia Pacific Management Review, 22(4), 223-229. https://doi.org/10.1016/j.apmrv.2017.07.007
Luomaranta, T., & Martinsuo, M. (2022). Additive manufacturing value chain adoption. Journal of Manufacturing Technology Management, 33(9), 40-60. https://doi.org/10.1108/JMTM-07-2021-0250
Martimyanova, A. N. (2022). Impact of the Covid-19 Pandemic on State of the market.. https://doi.org/10.22250/9785934933853_233
Matovic, I. M. (2020). PESTEL Analysis of External Environment as a Success Factor of Startup Business. Consciens Conference on Science and Society, Walsh.
Menth, M., Mostafaei, H., Merling, D., & Häberle, M. (2019). Implementation and evaluation of activity-based congestion management using P4 (P4-ABC). Future Internet, 11(7). https://doi.org/10.3390/fi11070159
Mouzas, S., & Bauer, F. (2022). Rethinking business performance in global value chains. Journal of Business Research, 144. 679-689. https://doi.org/10.1016/j.jbusres.2022.02.012
Muafi, M., & Sulistio, J. (2022). A nexus between green intelectual capital, supply chain integration, digital supply chain, supply chain agility, and business performance. Journal of Industrial Engineering and Management, 15(2), 275-295. https://doi.org/10.3926/jiem.3831
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak pandemi COVID-19 terhadap perekonomian Indonesia. Jurnal Benefita, 5(2). https://doi.org/10.22216/jbe.v5i2.5313
Nelyumna, N., Oktrivina, A.,(2022). Pengaruh penggunaan fintech (e-wallet) terhadap minat masyarakat dalam pembayaran online akibat pemberlakuan pembatasan kegiatan masyarakat. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 4(2), 95-102. .https://doi.org/10.36407/akurasi.v4i2.580
Novikova, S. A., Sidorov, D. E., & Goncharuk, I. V. (2020). New technologies of business processes in the sphere of customs administration of export-import transactions and payments. IOP Conference Series: Materials Science and Engineering, 753(8). https://doi.org/10.1088/1757-899X/753/8/082015
Ongkasuwan, M., & Sookcharoen, W. (2018). Data analytics for service and operation management improvement in medical equipment industry. Proceedings of 2018 5th International Conference on Business and Industrial Research: Smart Technology for Next Generation of Information, Engineering, Business and Social Science, ICBIR 2018. https://doi.org/10.1109/ICBIR.2018.8391224
Oxford College of Marketing. (2020). What is a PESTEL analysis? Oxford College of Marketing.
Peters, M. (2022). Dynamic models for analysing stock market behaviour under the COVID-19 pandemic. ACM International Conference Proceeding Series. https://doi.org/10.1145/3547578.3547614
Planellas, M., & Muni, A. (2019). PESTEL Analysis. In Strategic Decisions. https://doi.org/10.1017/9781108665797.012
Putra Rahayu, K. G. (2022). Implementasi upaya pemerintah dalam peningkatan UMKM di masa pandemi. Bandung Conference Series: Law Studies, 2(2). https://doi.org/10.29313/bcsls.v2i2.2576
Rosiawan, M., Singgih, M. L., & Widodo, E. (2021). Activity-based management as economic effect measurement for implementing ISO 9001:2015 clause. International Journal of Services and Operations Management, 40(1). https://doi.org/10.1504/IJSOM.2021.117649
Shamayleh, A., Awad, M., & Farhat, J. (2020). IoT Based Predictive Maintenance Management of Medical Equipment. Journal of Medical Systems, 44(4). https://doi.org/10.1007/s10916-020-1534-8
Sinha, V. K., Chandra, B., & Pattanayak, J. K. (2020). Applicability of activity-based management system in coal mines – A case study of an underground coal mine. Journal of Mines, Metals and Fuels, 68(4).
Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (1st ed.). Penerbit Alfabeta.
Torres-Martínez, L. M., Kharissova, O. V., & Kharisov, B. I. (2019). Handbook of ecomaterials. In Handbook of Ecomaterials (Vol. 1). https://doi.org/10.1007/978-3-319-68255-6
Touch, G. E. T. I. N., & Prospectus, R. A. (2016). Marketing Theories - PESTEL Analysis. Http://Www.Professionalacademy.Com/.
Wang, X., Xu, Y., Fu, Z., Guo, J., Bao, Z., Li, W., & Zhu, Y. (2022). A Dynamic interactive optimization model of CCHP system involving demand-side and supply-side impacts of climate change. Part I: Methodology development. Energy Conversion and Management, 252. https://doi.org/10.1016/j.enconman.2021.115112
Wanialisa, M. (2020). Akuntansi Biaya. In Akuntansi Biaya.
Watari, T., Cao, Z., Hata, S., & Nansai, K. (2022). Efficient use of cement and concrete to reduce reliance on supply-side technologies for net-zero emissions. Nature Communications, 13(1). https://doi.org/10.1038/s41467-022-31806-2
Williams, A., Widayanti, R., Maryanti, T., & Julianingsih, D. (2022). Effort to win the competition in digital business payment modeling. Startupreneur Business Digital (SABDA Journal), 1(1). https://doi.org/10.34306/sabda.v1i1.80
Zhang, Z., & Rao, W. (2021). Key risks and development strategies for china’s high-end medical equipment innovations. Risk Management and Healthcare Policy, 14. https://doi.org/10.2147/RMHP.S306907
Annisa, F., & Agus Arief Santoso. (2023). Peningkatan efisiensi biaya melalui Activity Based Management. Jurnal Riset Dan Aplikasi: Akuntansi Dan Manajemen, 4(2), 229-238. https://doi.org/10.33795/jraam.v4i2.010
Avdeeva, I., Golovina, T., & Polyanin, A. (2021). Change management strategy for the activities of business organizations. SHS Web of Conferences, 90. https://doi.org/10.1051/shsconf/20219001003
Bhalaji, R. K. A., Sankaranarayanan, B., Alam, S. T., Ibne Hossain, N. U., Ali, S. M., & Karuppiah, K. (2022). A decision support model for evaluating risks in a collaborative supply chain of the medical equipment manufacturing industry. Supply Chain Forum, 23(3). https://doi.org/10.1080/16258312.2021.1989268
Bontempo, P. C. (2022). Countries’ governance and competitiveness: business environment mediating effect. RAUSP Management Journal, 57(1). https://doi.org/10.1108/RAUSP-11-2020-0253
Bourassa, S., Noebert, D., Dauphin, M., Rambaud, J., Kawaguchi, A., Léger, F., Beijer, D., Fortier, Y., Dligui, M., Ivanovski, H., Simard, S., Jouvet, P., & Leclerc, J. (2022). Acute care for patients exposed to a chemical attack: protocol for an international multicentric observational study. BMJ Open, 12(9). https://doi.org/10.1136/bmjopen-2022-065015
Cepel, M., Stasiukynas, A., Kotaskova, A., & Dvorsky, J. (2018). Business environment quality index in the sme segment. Journal of Competitiveness, 10(2). https://doi.org/10.7441/joc.2018.02.02
Chakravarthi, I. (2013). Medical equipment industry in India: Production, procurement and utilization. Indian Journal of Public Health, 57(4). https://doi.org/10.4103/0019-557X.123242
Chang, X., Zhao, Y., Li, Y., Bai, T., Gao, J., & Zhao, C. (2022). Cost-effectiveness of life cycle cost theory-based large medical equipment. Applied Bionics and Biomechanics, 2022. https://doi.org/10.1155/2022/8045401
Cheng, J. H., Lei, D. Y., Huang, K. P., & Feng, Y. L. (2020). Based on social capital to discuss the correlation between internal marketing strategy and employees’ job satisfaction in medical equipment industry. Revista de Cercetare Si Interventie Sociala, 71. https://doi.org/10.33788/rcis.71.14
Clay, P. Mac, & Feeney, R. (2019). Analyzing agribusiness value chains: A literature review. International Food and Agribusiness Management Review (Vol. 22, Issue 1). https://doi.org/10.22434/IFAMR2018.0089
Cresswell, J. W. (2017). Research Design (Qualitative, Quantitative, and Mixed Methods Approaches). Edisi 3. SAGE Publications.
Ghemawat, P. (2002). Competition and business strategy in historical perspective. Business History Review, 76(1), 37-74. https://doi.org/10.2307/4127751
Giantari, I. G. A. K., Yasa, N. N. K., Suprasto, H. B., & Rahmayanti, P. L. D. (2022). The role of digital marketing in mediating the effect of the COVID-19 pandemic and the intensity of competition on business performance. International Journal of Data and Network Science, 6(1). https://doi.org/10.5267/J.IJDNS.2021.9.006
Gupta, R., Nair, K., & Radhakrishnan, L. (2021). Impact of COVID-19 crisis on stocking and impulse buying behaviour of consumers. International Journal of Social Economics, 48(12). https://doi.org/10.1108/IJSE-03-2021-0163
Hery. (2013). Akuntansi Dasar 1 dan 2 - Hery, SE. In PT Grasindo.
Jusmani, & Oktariansyah. (2021). Activity Based Management Sebagai Instrumen. Activity Based Management.
Knez, K., Jaklič, A., & Stare, M. (2021). An extended approach to value chain analysis. Journal of Economic Structures, 10(1), 13. https://doi.org/10.1186/s40008-021-00244-6
Lee, W. I., Cheng, S. Y., & Shih, Y. T. (2017). Effects among product attributes, involvement, word-of-mouth, and purchase intention in online shopping. Asia Pacific Management Review, 22(4), 223-229. https://doi.org/10.1016/j.apmrv.2017.07.007
Luomaranta, T., & Martinsuo, M. (2022). Additive manufacturing value chain adoption. Journal of Manufacturing Technology Management, 33(9), 40-60. https://doi.org/10.1108/JMTM-07-2021-0250
Martimyanova, A. N. (2022). Impact of the Covid-19 Pandemic on State of the market.. https://doi.org/10.22250/9785934933853_233
Matovic, I. M. (2020). PESTEL Analysis of External Environment as a Success Factor of Startup Business. Consciens Conference on Science and Society, Walsh.
Menth, M., Mostafaei, H., Merling, D., & Häberle, M. (2019). Implementation and evaluation of activity-based congestion management using P4 (P4-ABC). Future Internet, 11(7). https://doi.org/10.3390/fi11070159
Mouzas, S., & Bauer, F. (2022). Rethinking business performance in global value chains. Journal of Business Research, 144. 679-689. https://doi.org/10.1016/j.jbusres.2022.02.012
Muafi, M., & Sulistio, J. (2022). A nexus between green intelectual capital, supply chain integration, digital supply chain, supply chain agility, and business performance. Journal of Industrial Engineering and Management, 15(2), 275-295. https://doi.org/10.3926/jiem.3831
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak pandemi COVID-19 terhadap perekonomian Indonesia. Jurnal Benefita, 5(2). https://doi.org/10.22216/jbe.v5i2.5313
Nelyumna, N., Oktrivina, A.,(2022). Pengaruh penggunaan fintech (e-wallet) terhadap minat masyarakat dalam pembayaran online akibat pemberlakuan pembatasan kegiatan masyarakat. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 4(2), 95-102. .https://doi.org/10.36407/akurasi.v4i2.580
Novikova, S. A., Sidorov, D. E., & Goncharuk, I. V. (2020). New technologies of business processes in the sphere of customs administration of export-import transactions and payments. IOP Conference Series: Materials Science and Engineering, 753(8). https://doi.org/10.1088/1757-899X/753/8/082015
Ongkasuwan, M., & Sookcharoen, W. (2018). Data analytics for service and operation management improvement in medical equipment industry. Proceedings of 2018 5th International Conference on Business and Industrial Research: Smart Technology for Next Generation of Information, Engineering, Business and Social Science, ICBIR 2018. https://doi.org/10.1109/ICBIR.2018.8391224
Oxford College of Marketing. (2020). What is a PESTEL analysis? Oxford College of Marketing.
Peters, M. (2022). Dynamic models for analysing stock market behaviour under the COVID-19 pandemic. ACM International Conference Proceeding Series. https://doi.org/10.1145/3547578.3547614
Planellas, M., & Muni, A. (2019). PESTEL Analysis. In Strategic Decisions. https://doi.org/10.1017/9781108665797.012
Putra Rahayu, K. G. (2022). Implementasi upaya pemerintah dalam peningkatan UMKM di masa pandemi. Bandung Conference Series: Law Studies, 2(2). https://doi.org/10.29313/bcsls.v2i2.2576
Rosiawan, M., Singgih, M. L., & Widodo, E. (2021). Activity-based management as economic effect measurement for implementing ISO 9001:2015 clause. International Journal of Services and Operations Management, 40(1). https://doi.org/10.1504/IJSOM.2021.117649
Shamayleh, A., Awad, M., & Farhat, J. (2020). IoT Based Predictive Maintenance Management of Medical Equipment. Journal of Medical Systems, 44(4). https://doi.org/10.1007/s10916-020-1534-8
Sinha, V. K., Chandra, B., & Pattanayak, J. K. (2020). Applicability of activity-based management system in coal mines – A case study of an underground coal mine. Journal of Mines, Metals and Fuels, 68(4).
Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (1st ed.). Penerbit Alfabeta.
Torres-Martínez, L. M., Kharissova, O. V., & Kharisov, B. I. (2019). Handbook of ecomaterials. In Handbook of Ecomaterials (Vol. 1). https://doi.org/10.1007/978-3-319-68255-6
Touch, G. E. T. I. N., & Prospectus, R. A. (2016). Marketing Theories - PESTEL Analysis. Http://Www.Professionalacademy.Com/.
Wang, X., Xu, Y., Fu, Z., Guo, J., Bao, Z., Li, W., & Zhu, Y. (2022). A Dynamic interactive optimization model of CCHP system involving demand-side and supply-side impacts of climate change. Part I: Methodology development. Energy Conversion and Management, 252. https://doi.org/10.1016/j.enconman.2021.115112
Wanialisa, M. (2020). Akuntansi Biaya. In Akuntansi Biaya.
Watari, T., Cao, Z., Hata, S., & Nansai, K. (2022). Efficient use of cement and concrete to reduce reliance on supply-side technologies for net-zero emissions. Nature Communications, 13(1). https://doi.org/10.1038/s41467-022-31806-2
Williams, A., Widayanti, R., Maryanti, T., & Julianingsih, D. (2022). Effort to win the competition in digital business payment modeling. Startupreneur Business Digital (SABDA Journal), 1(1). https://doi.org/10.34306/sabda.v1i1.80
Zhang, Z., & Rao, W. (2021). Key risks and development strategies for china’s high-end medical equipment innovations. Risk Management and Healthcare Policy, 14. https://doi.org/10.2147/RMHP.S306907