THE PRODUCTION CYCLE IN THE PHARMACEUTICAL SUB SECTOR : TRADITIONAL VS DIGITAL ACCOUNTING INFORMATION SYSTEMS ERA AND IMPLEMENTATION OF INTERNAL CONTROL PROCEDURES THAT ENABLE COST SAVINGS IN DEALING WITH THREATS IN THE CYCLE

Digitalization of the industrial revolution forced companies to adapt to these changes. The era of digitalization makes companies compete more with each other and requires sophisticated technology. So far, the enterprise resource planning (ERP) system can assist companies in controlling their digitalization needs in AIS cycles, including the production cycle. However, the differences must be reviewed thoroughly in terms of strengths and weaknesses in the implementation of product cycle digitalization so that enterprises understand the importance of changing their ways of functioning. Production cycle is interconnected with other cycles, so companies must be able to maintain internal controls in that cycle. Descriptive analyzation is used in this research by using prior literature and documentation studies. Research questions are further described and analyzed in the discussion section regarding the comparison of traditional and digital ways of production cycle and implementation procedures of internal control in a way to deal with threats concerning the production cycle.