The Process Approach To Managing The Cost Of Manufacturing Innovative High-Tech Products

Naugolnova, I. A.

doi:10.15405/epsbs.2020.04.71

Cited by 2 publications

(1 citation statement)

References 5 publications

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“…These include the maximum level of risk, the minimum level of product quality, the maximum cost of production, and the minimum level of innovation investment. It is important to note that the minimum acceptable product quality and the maximum possible production cost are determined by the market based on the offerings of competitors and other factors [12].…”

Section: Discussionmentioning

confidence: 99%

The concept of increasing the efficiency of the enterprise in modern conditions

Nikitina

2023

E3S Web of Conf.

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In today's highly competitive business environment, improving the efficiency of enterprise activities is a crucial task for successful functioning and development. To achieve efficiency, it is necessary not only to analyze the current situation but also to plan, make decisions, and control the implementation of the strategy. This article focuses on the methods of improving the efficiency of enterprise activities in a rapidly changing economic situation. The authors present the concept and mathematical model of effective enterprise development, describing the key parameters and principles. The study explores the main methods of business optimization and management tools that can help enterprises become more competitive and successful in the market. In addition, the article discusses the importance of investing in innovation and balancing financial capabilities with development prospects to increase the efficiency of enterprise activities. The limitations of the presented mathematical model and possible directions for further research are also considered, along with other factors that may be incorporated into the model but were not discussed in the article. The findings of this study could be of great value to managers, decision-makers, and researchers working in the field of business management and optimization.

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Section: Discussionmentioning

confidence: 99%

The concept of increasing the efficiency of the enterprise in modern conditions

Nikitina

2023

E3S Web of Conf.

View full text Add to dashboard Cite

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Perspectives of process-oriented approach development in cost management under digitalization conditions

Naugolnova

2023

E3S Web of Conf.

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The development of a process approach to cost management in a digital environment has great prospects. Firstly, the use of digital technologies allows for greater accuracy in cost accounting, which is particularly important for enterprises with large production volumes and numerous processes. Secondly, digitization enables the automation of many processes and reduces the human factor in cost management. Thirdly, digital technologies enable faster and more efficient data analysis and decisionmaking based on this data. One promising direction for the development of a process approach to cost management in enterprises is the use of blockchain technologies. Blockchain can provide transparency and security in storing and transmitting information about cost accounting between enterprises and their partners. This can be particularly important in areas where it is important to accurately track the origin and distribution of costs, such as in agriculture or food production. It is also worth noting that the development and use of artificial intelligence and machine learning can improve cost management processes and allow for faster and more accurate data analysis and decision-making. Overall, the development of a process approach to cost management in enterprises in a digital environment will continue, and its successful implementation will enable enterprises to optimize their costs, increase efficiency, and competitiveness in the market.

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The Process Approach To Managing The Cost Of Manufacturing Innovative High-Tech Products

Abstract: This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

Cited by 2 publications

References 5 publications

The concept of increasing the efficiency of the enterprise in modern conditions

The concept of increasing the efficiency of the enterprise in modern conditions

Perspectives of process-oriented approach development in cost management under digitalization conditions

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