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Analytical Maintenance of Manufacturing Costs Management in Modern Management Concept

Journal: Scientific Bulletin of Mukachevo State University. Series “Economics” (Vol.4, No. 1)

Publication Date:

Authors : ; ;

Page : 181-187

Keywords : manufacturing costs management; theory of constraints; costs optimization; cost structure analysis; factor analysis;

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The article deals with an analysis tools of brick industry enterprise analytical maintenance of manufacturing costs management in modern management concept. An integrated approach to manufacturing costs analysis which includes: dynamics analysis of industrial enterprises production cost (production program status information, dynamics analysis of production costs, production costs structure analysis); quality analysis, production rhythm analysis to determine the reserves of manufacturing system; economic efficiency analysis of manufacturing and its changing factors (manufacturing profitability, factorial analysis, correlation and regression analysis of the impact of economic resources use to manufacturing profitability by constructing a regression model) has been proposed. We used methods of factor analysis, statistical analysis, correlation and regression analysis. As a result of costs analysis in bricks production it has been found out that: the greatest impact on gross profit per unit has the energy intensity; an 1% increase of capital ratio unit, with constant other factors will result in lower gross profit per unit by more than 2 times; the difference between the gross and operating profitability shows a significant burden on the company by the cost of sales and administrative expenses; the greatest impact on changing the return on equity ratio has financial dependence, indicating the necessity review financing strategy of the company; gas costs have the largest share in the manufacturing costs and so on. Cost optimization areas have been identified by costs analysis. The main reasons that affect production costs and hence the operations profitability have been detected. Irrational cost structure significantly affects the income as increasing cost share in price and thereby reduces the margin. Company's cost optimization by identified areas will help to improve the financial results and better use of available resources.

Last modified: 2021-08-19 17:56:50