Analisis kelayakan investasi produksi pakan ayam sebagai alternatif pemenuhan kebutuhan pakan ayam pada perusahaan pembibitan ayam ras: studi kasus pada pt petaman di sukabumi jawa barat

Feasibility Study of the Investment on Chicken Poultry Production as an Alternative to Replace Current Procurement System on Breeding Farm (Case Study on PT Petaman in Sukabumi, West Java) Feasibility Study of the Investment on Chicken Poultry Production as an Alternative to Replace Current Procurement System on Breeding Farm (Case Study on PT Petaman in Sukabumi, West Java). Vivin Haryadi The purpose of study is to ensure that the procurement process of chicken poultry by producing internally is more profitable than buying from external supplier. Moreover this study also evaluate the feasibility of chicken poultry investment related to its capital needed. The analysis used primary data collected from the company and processed by using comparative analysis, payback period, accounting rate of return, net present value, internal rate of return together with the impact analysis on company's profitability. The result of the study shows that cost of internal poultry procurement system is lower than buying from the external supplier and it shows that investment on poultry plant can meet some determined criteria. The investment criteria includes 2 years and 8 months payback period (shorter than its economic life cycle of investment), ARR reached 20,80% (prefer than interest rate of 19%), NPV is positive and IRR reached 28,50% (higher than expected rate of return). The impact on company's profitability is positive, in which by revising the policy of current procurement system will increase rate of return, rate on equity and profit margin. The result suggested to increase production capacity up to above normal level capacity and to sell the excess supply to its customers who buy the DOC from the company. The margin contribution will be higher in line with the increasing of the production capacit