COST OPTIMIZATION IN VOCATIONAL EDUCATION INSTITUTIONS

In the current conditions of reforming the education sector in Ukraine and the difficult economic situation, the issues of cost optimization, including cost optimization in educational institutions, are becoming relevant. Therefore, the purpose of this article is to consider and identify the main areas of cost optimization in vocational education institutions. The article identifies and describes the main sources of funding for vocational education institutions and emphasizes the need to develop a comprehensive system of cost optimization to ensure the effective functioning of the educational institution. It is determined that the purpose of cost optimization in vocational education institutions is to improve the quality of education and the efficiency of institutions by efficient use of available funds. The main directions of cost optimization in these institutions and the factors that need to be considered to ensure cost optimization are described. Also, three main aspects for the organization of cost optimization, including organizational, functional, and motivational, are identified and analyzed. In addition, a general analysis of the cost management system from the standpoint of a cost-oriented approach is given, highlighted the benefits of such a system, and proposed a scheme of cost optimization in vocational education institutions from the standpoint of cost-oriented approach. It was found that the process of cost optimization in vocational education institutions is complex, diverse and requires consideration of some aspects and factors, as well as improving the current budgeting system, creating a reliable system of control and management decisions, developing and implementing reporting systems of using funds. But with the help of cost optimization it is possible to ensure the competitiveness and stability of the educational institution.