IMPROVING BUSINESS PERFORMANCE USING FINANCIAL PLANNING TOWARD PLUS-SIZE FASHION BUSINESS: A CASE STUDY OF AVANT GRANDE

• Main Author: Insani Nurmahmudiyah, Afti
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/41062
• Institution: Institut Teknologi Bandung

Indonesian as one of the countries that accept globalization, of course in Indonesia, also known the term of creative industries and economy creative. Indonesian economic development plans make the development of creative industries like one of the main priority. Department of Industry and Trade of Republic Indonesia defined that creative industries have the goals to create welfare and job fields, and it has come from the utilization of skills, creativity, and individual talents. Department of Trade RI stated there are 15 sub-sectors of Creative Industries one of the subsectors in Fashion. By the time the number of fashion business players is growing very fast. Fashion business come up with their-self characteristics and have respective market targets. On the other hand, same with another business in the sector small and medium business (SMEs) the one factor of an obstacle this business is limited capital. Some players cannot harness the capital well, so they cannot optimize the financial, as the SME’s company in modern era’s we need to manage the financial well and minimalized the cost. Avant Grande is a company that running a business in customizing denim pants, located in Bandung. The company has established since August 2017. Avant Grande implement the system of business made by order and ready stock. In the result of business condition analysis using the comparison of the financial ratio and time series. We found that in comparison with current performance with past performance using ratios allows analyzing the progress of the firm. The firm’s progress is “Poor” because from 2017 to 2018, there was a decreasing ratio value for each calculation. , it is mean that the performance of Avant Grande is not well. After using DuPont System of Analysis to find the root cause, the researcher needs to dissect the net profit margin. The component of net profit margin is net income and sales revenue. From the discussion and root cause finding, to make Avant Grande best in performance in business Avant Grande need to do the planning. For the solution to implement in Avant Grande business is need to make Long-term Financial Planning or Strategic Planning.