PROPOSED PERFORMANCE MANAGEMENT SYSTEM FOR SUPPLY CHAIN MANAGEMENT FUNCTION IN RESPONSE TO END OF PRODUCTION SHARING CONTRACT
Considered as commodity product, crude oil price is defined by market and has been sideways around US $ 60/barrel, lower than its condition in 2008 which reached US $ 160/barrel. In respond to volatile crude oil price and to attract investors to invest in the upstream oil and gas business, Governme...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/62644 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Considered as commodity product, crude oil price is defined by market and has been sideways around US $ 60/barrel, lower than its condition in 2008 which reached US $ 160/barrel. In respond to volatile crude oil price and to attract investors to invest in the upstream oil and gas business, Government of Indonesia initiated new Production Sharing Contract (PSC) design, which is called Gross Split in addition to current Cost Recovery design. PT XYZ was an operator which PSC Contract expired on 2021 and replaced by PT PHR to operate GOI’s blok in Sumatera along with change of PSC scheme from Cost Recovery to Gross Split. Even the organization change, most of the employee remain the same, which need to adapt with PT PHR’s vision, mission, value and culture. In addition, Supply Chain Management (SCM) function was impacted directly due to cost efficiency and time accuracy target is higher in Gross Split. This impact also resulted to the current Performance Management System (PMS) of the SCM function. Several indicators can not be applied due to different objective and references between those two companies while the other indicators which applicable need to be adjusted.
The objective of this final project is to design new PMS for SCM function in respond to those change. Framework being utilized for designing this PMS is Integrated Performance Management System (IPMS) framework. Data were collected thru literature study, questionnaire, and discussions. The result of this final project shown that new PMS system is indeed required by generating 22 key indicators which representing the IPMS’s perspective. The correlation among these indicators then analyzed thru AHP priority method to obtain priority, and then benchmarked to other company in the same business field. Based on the benchmarking, both of proposed PMS and the benchmark are having common focus variable such as compliance, safety, time accuracy, and cost efficiency.
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