Innovative activity of the enterprise in the context of improving the cost management mechanism
Effective enterprise management is impossible without rational planning and control of costs. The relevance of the topic is due to the fact that the introduction of an effective cost management mechanism in the enterprise is a time-consuming process that requires professional knowledge in enterprise...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Odesa National University of Technology
2021-10-01
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| Series: | Ekonomìka Harčovoï Promislovostì |
| Subjects: | |
| Online Access: | https://journals.onaft.edu.ua/index.php/fie/article/view/2133 |
| Summary: | Effective enterprise management is impossible without rational planning and control of costs. The
relevance of the topic is due to the fact that the introduction of an effective cost management mechanism in
the enterprise is a time-consuming process that requires professional knowledge in enterprise management.
Proper cost management allows you to expand the boundaries of the business, allows the company to find
additional sources of resources, make its products more attractive to consumers and expand market share,
to win additional market segments. Being in constant interaction with a large number of suppliers, partners
and consumers, it is necessary to use different models of cost reduction depending on the situation in the
enterprise. And each company individually chooses the most effective methods of cost optimization.
The article presents and considers the features and methods of improving the cost management
process in the food industry by implementing various types of innovations. The stages of the cost management process and the features of cost accounting have been identified. The main problems that food industry
enterprises may face in cost accounting have been highlighted and recommendations have been given to
prevent and eliminate these situations. Methods of cost reduction at enterprises have been proposed. The
method of obtaining a positive economic effect on enterprises from the introduction of product, technological
and organizational innovations has been considered. The introduction of different types of innovations is an
integral part of management in the enterprise, as skillful cost management together with novelty gives a
double economic effect. The reasons for overspending and a list of measures to minimize them have been
given. |
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| ISSN: | 2411-4111 2312-847X |